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1 bedroom apartment close to the beach for sale

£223,403 (€250,000) Reference: 1519479
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Description

This magnificent apartment is located just a 5-minute walk from one of the most beautiful beaches in the Algarve, and benefits of ample indoor and outdoor spaces.
Housed in a hotel consisting of 61 luxurious apartments of types T1 and T2, this 1 bedroom apartment has an inside area of 67 m ².
With ongoing refurbishment, the hotel opening is scheduled for the end of 2019. The aim is to modernize all the hotel spaces, private and public, in order to integrate it into its lush and sophisticated surroundings.
These apartments ensure a 5% return on investment in the first three years, free of any other charges and charges to the owner, other than IMI (Annual Municipal Tax). In subsequent years it is estimated that the return is between 4 and 6%.
The owners have the right to stay in their apartments up to 15 days a year. However, there is some flexibility in this period. Should the owners wish to occupy the apartment for a longer period (a maximum of 6 months a year), they will have obviously the respective penalty on the income. These magnificent apartments are a great investment, both for obtaining a 'Golden Visa' and the tax regime of Non-Habitual Resident (NHR), or as a 'Plan B', considering future valuation. The apartments will be sold fully refurbished, furnished and equipped. Great investment! Come and visit!
Energy Rating: In progress
#ref:mip12152 (1)

 

Summary

  • Property Type: Flat / Apartment
  • Listing status: Active
  • Bedrooms: 1
  • Agent Property Ref: mip12152 (1)
  • Bathrooms: 1
  • Price: £223,403 (€250,000)

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Map

Address: Ancão, Almancil, Loulé, Faro, Portugal
Postal / Zip Code:
Latitude / Longitude: 37.086483 / -8.028656

Map locations are approximate and show the general area of the property.

  
  
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