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Algarve, villa with 4 independent studios, located in the center of the village of Carvoeiro, only 30 mt from the beach and local shops
Lagoa, Faro, Portugal, 8400-908
REF: 802925
€1,200,000
Description
UNIQUE OPPORTUNITY to acquire a stunning 2-storey building, fully refurbished, with 4 studios, located just 30 meters from the beach and village center of Carvoeiro.
This building, which was once the village's first hotel in the 1920s, boasts a rich history and has undergone a complete transformation. It is now a stunning two-storey building with 188.76m , which offers four fully equipped studios, meticulously designed for tourist rental, and for its central location, with easy access to the beach and all the amenities of the village, making it an ideal place for tourists. A fantastic business opportunity to generate rental income.
The studios are fully furnished and equipped with modern amenities for a comfortable stay, adapted to tourism:
* Four independent studios, each with a double bed, comfortable sofa bed and en-suite bathroom.
* Open plan living area with dining area and compact kitchenette equipped with fridge, microwave, kettle, coffee machine and other essentials.
* Fully furnished in bohemian-beach style, creating a relaxing and inviting environment for guests.
* On the 1st floor, there are 2 studios with stunning sea views.
* On the ground floor, there are 2 studios that have a large terrace, perfect for al fresco dining accompanied by a nice drink.
Modern comfort and safety:
* Independent air conditioning units in each studio.
* Electric boiler for hot water.
* Double glazed windows for soundproofing and insulation.
* Flat-screen TVs and Wi-Fi.
* CCTV security system and lockable front entrance gate.
Privileged location in the heart of Carvoeiro:
* Ideally situated just 30 meters from Carvoeiro beach and the village center, with all its local shops.
* Nearby, only between 5-15 minutes drive you will find international supermarkets, Carvoeiro Tennis & Fitness Club, Gramacho & Vale de Pinta golf courses, and international schools (Nobel School of the Algarve and the German school)
* Easy access to a variety of amazing and prestigious beaches like Benagil, Marinha, Caneiros and more.
* Faro International Airport is only a 40-45 minute drive away.
This unique, turnkey property is a must-see for anyone looking for a lucrative investment, in one of the most picturesque and stunning locations in the Algarve.
Don't miss out on this fantastic opportunity!
UNIQUE OPPORTUNITY to acquire a stunning 2-storey building, fully refurbished, with 4 studios, located just 30 meters from the beach and village center of Carvoeiro.
This building, which was once the village's first hotel in the 1920s, boasts a rich history and has undergone a complete transformation. It is now a stunning two-storey building with 188.76m , which offers four fully equipped studios, meticulously designed for tourist rental, and for its central location, with easy access to the beach and all the amenities of the village, making it an ideal place for tourists. A fantastic business opportunity to generate rental income.
The studios are fully furnished and equipped with modern amenities for a comfortable stay, adapted to tourism:
* Four independent studios, each with a double bed, comfortable sofa bed and en-suite bathroom.
* Open plan living area with dining area and compact kitchenette equipped with fridge, microwave, kettle, coffee machine and other essentials.
* Fully furnished in bohemian-beach style, creating a relaxing and inviting environment for guests.
* On the 1st floor, there are 2 studios with stunning sea views.
* On the ground floor, there are 2 studios that have a large terrace, perfect for al fresco dining accompanied by a nice drink.
Modern comfort and safety:
* Independent air conditioning units in each studio.
* Electric boiler for hot water.
* Double glazed windows for soundproofing and insulation.
* Flat-screen TVs and Wi-Fi.
* CCTV security system and lockable front entrance gate.
Privileged location in the heart of Carvoeiro:
* Ideally situated just 30 meters from Carvoeiro beach and the village center, with all its local shops.
* Nearby, only between 5-15 minutes drive you will find international supermarkets, Carvoeiro Tennis & Fitness Club, Gramacho & Vale de Pinta golf courses, and international schools (Nobel School of the Algarve and the German school)
* Easy access to a variety of amazing and prestigious beaches like Benagil, Marinha, Caneiros and more.
* Faro International Airport is only a 40-45 minute drive away.
This unique, turnkey property is a must-see for anyone looking for a lucrative investment, in one of the most picturesque and stunning locations in the Algarve.
Don't miss out on this fantastic opportunity!
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Currency Exchange
Lagoa, Faro, Portugal, 8400-908
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
Lagoa, Faro, Portugal, 8400-908
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £37,368 more.
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