0 Bedroom Apartment for Sale in Vila Rosa - Portimão – ID 2287754

0 Bedroom Apartment for Sale in Vila Rosa | Portimão. Investment with contractual income and professional tourism exploitation. Excellent 0 bedroom flat located in the Clube Vila Rosa Tourist Development, in Portimão, a few minutes from Praia da Rocha. With 34.6 m² of floor space and 40 m² of gross area, the property has a functional configuration in open space, with a living area, equipped kitchen and private bathroom. Operating contract in force The property is currently covered by a tourist exploitation contract, starting on August 1, 2023 and lasting 5 years, ending on July 31, 2028. The contract currently establishes an annual stake of €8,750. During the term of the contract, the operation and management of the unit are ensured by the operating entity, providing the owner with an investment solution with reduced intervention in daily management. Possibility of renegotiating the annual value for the new contract. Before the end of the current contractual period, the owner will be able to negotiate with the operator new conditions for the continuation of the operation, including the renegotiation of the annual amount to be received. This possibility allows the future owner to assess and negotiate in advance the conditions for the following period, taking into account the evolution of the market and the conditions that may be agreed with the operator. Possibility of use during the winter The tourist exploitation of the property remains within the scope of the enterprise's operating model, being ensured by the operating entity. However, the use of the property by the owner during some months of the winter period may be negotiated with the operator, by prior agreement. In this case, the owner must assume the respective contribution to the condominium expenses, as well as other charges that may be applicable according to the agreed conditions. This possibility makes it possible to combine the profitability of tourism with the opportunity to negotiate periods of own use during the season of lower demand. Infrastructure and amenities The Vila Rosa Club has: Communal outdoor pool Tennis Court Green spaces Parking Operation, maintenance and support services Use by the owner During the term of the current contract, it is foreseen the possibility of using the unit by the owner for 7 days, between November 1st and March 31st, at no cost, upon communication to the operating entity at least 30 days in advance. Prime location Located in Vila Rosa, in Portimão, the property is close to Praia da Rocha, restaurants, shops and various services. A consolidated and sought-after location in the Algarve, reinforcing the attractiveness of this investment. An investment opportunity in the Algarve An interesting solution for those looking for contractual income, professional tourism exploitation and the possibility of future renegotiation of operating conditions. Sale price: 146.000 € Current annual contract income: 8,750 € Contract in force until July 31, 2028 Close to Praia da Rocha Outdoor pool and tennis court REF.: 5997 Energy Rating: B #ref:NU_5997

apartment of 34 m²

Portimão, Algarve, Portugal

Location