Apartment for sale in Albufeira with 1 bedroom – ID 1913821

One Bedroom Apartments in Hotel Complex with Sea Views, Albufeira These 1 bedroom apartments consist of a living room with kitchenette, sea view terrace, bedroom with fitted wardrobes and A/C, a bathroom and a hallway with storage. There are 3 options for the use of the apartment: 1. Use it for full time occupancy for yourself as your primary residence 2. Let it to the hotel rental scheme for a 5% return on investment 3. Use it sometimes for yourself and rent the other times for a smaller ROI With option 1 there is a surcharge monthly fee and own meter for electric and water supply With option 2 owners have 15 days use of the apartment in low season (1st November - 31st March) and enjoy a 40% discount on their bookings during the rest of the year. With option 3 the hotel will rent out the apartment when owner does not use it and pay all booking fees, cleaning and maintenance on a 70/30 basis There are currently 9 available for sale Key Features: • On-site Facilities: Large outdoor pool, indoor pool, restaurant, bar, gym, games room, conference hall, tennis courts and meticulously kept landscape gardens. • Top Location: Quiet area yet short distance to beaches/town via bus (nearby stop) or taxi • Private balconies with sea & pool views •Calm tranquil environment • 20% discount for owners on F&B and hotel facilities These one bedroom sea view apartments are inserted into a 4* apart-hotel consisting of 139 one bedroom apartments and are located just outside of central Albufeira surrounded by the beautiful Algarve countryside, yet just a very short distance from vibrant Albufeira and equally close to the more family oriented Olhos de Água. Features: Air Conditioning Kitchenette Wi-Fi 24h Reception South Facing Ample free parking in the hotel front car park Sold fully furnished including T.V. Distances: Olhos de Agua 2.2 km (30 minute walk) Beach 3.5 km (7-minute drive) Supermarket 3 km Horse riding centre 400 meters (1 minute walk) Albufeira 3km Golf 3 km Hospital 4.4 km (8-minute drive) Faro airport 35 km (30 minutes by car via motorway) Other info: Underground parking spaces are available to buy for €20,000 or €25,000 with storage Expected income before tax per year €11,000 Utilities paid by the management (if apartment is in the rental program) Condo fees paid by owner €71.50 per month Apartments available on levels 1-4 of this 7-level hotel (2 below ground for parking and 5 above ground)

1 bedroom sea view apartment with swimming pool

Albufeira, Algarve, Portugal

Location