building for sale in Albufeira (Olhos de Agua), Portugal

1 600 000€

Albufeira (Olhos de Água)

Features

266 m² surface area (2863 sqFt)
Air conditioning
108 m² of land (1163 sqFt)
N/C

Property description

Baixa de Albufeira - Building with 5 apartments - Excellent opportunityWe present an amazing three-storey building in the historic centre of Albufeira. Consisting of 4 T0 apartments, modern and functional, providing its occupants with a comfortable and practical stay. You will also find a spacious and elegant 2 bedroom apartment, with a luxurious jacuzzi and a generous leisure area, perfect for families or groups who want comfort, relaxation and incredible views of the city.The building has undergone a complete renovation, ensuring modern and quality facilities.Property ready to be explored in tourist accommodation, offering an excellent opportunity for income.Located in the historic center of Albufeira, just a few steps from the city´s central square and about 300 meters from the famous fishermen´s beach, providing easy access to restaurants, shops and the famous nightlife that characterizes it.Albufeira is one of the main tourist destinations in the Algarve, ensuring a high occupancy rate throughout the year, these 5 apartments offer a versatility that meets different profiles of tourists, maximizing the return on investment.The recent renovation and the presence of a jacuzzi in the 2 bedroom apartment add extra value, attracting tourists looking for a touch of luxury.Don´t miss out on this unique opportunity to invest in a property that combines strategic location, comfort and excellent income potential.

Property summary

As a buyer, this property in Albufeira (Olhos de Água) presents an excellent opportunity for both real estate investment and lifestyle purchase. The location in the historic center of Albufeira, close to the central square and the famous fishermen's beach, ensures a high occupancy rate throughout the year, attracting a diverse range of tourists. From an investment perspective, the property's prime location and recent renovation are significant factors contributing to its potential income generation. The presence of modern, functional T0 apartments and a luxurious 2-bedroom apartment with a jacuzzi enhances its versatility, catering to different tourist profiles. This flexibility allows for a higher return on investment and eliminates periods of vacancy. For a lifestyle purchase, the property offers comfort, relaxation, and breathtaking views of the city. The modern facilities, easy access to restaurants, shops, and the famous nightlife of Albufeira, make it an ideal choice for those seeking a holiday home or a secondary residence. Moreover, the existence of 5 apartments provides the option to rent out the property and generate income while enjoying it personally. Overall, this property in Albufeira (Olhos de Água) seems to be a well-rounded investment opportunity that also caters to a desirable lifestyle. However, it is essential to consider factors such as the local property market trends, competition, and the specific needs of the potential tenant before making a decision.