Rental Investment Opportunity, 5 Refurbished Units, Albufeira

Albufeira, Faro, Portugal, 8200-001

For Sale

€1,600,000

REF: 894545 €1,600,000


5

5

Description

Fully refurbished rental investment property for sale in Albufeira 5 separate units, across 2 separate addresses next door to each other (all currently with AL licenses, which the new owner could request to be transferred). An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region.

This fully refurbished rental property offers not only a prime location but also the promise of strong rental income and long-.. Fully refurbished rental investment property for sale in Albufeira 5 separate units, across 2 separate addresses next door to each other. An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region.

This fully refurbished rental property offers not only a prime location but also the potential for strong rental income and long-term appreciation. Situated just moments from Albufeira s golden beaches and surrounded by popular restaurants, shops, and lively attractions, this property is a gem for both tourists and investors alike. This investment consists of two neighboring properties combined into one outstanding offering.

Together, they encompass five fully independent and self-contained rental units, all spanning across three beautifully designed floors. Each unit has been meticulously refurbished with an emphasis on modern style, comfort, and functionality. From contemporary flooring to upgraded lighting fixtures, every detail of the renovation has been carefully planned to cater to the modern traveler. Fully Furnished and Equipped Ready for Rental Each unit comes fully furnished and tastefully decorated, ensuring a seamless, turnkey operation for the next owner.

The furniture has been carefully selected to reflect a sophisticated yet cosy aesthetic, making the units appealing to short-term guests. Comfortable sofas, stylish dining sets, and plush beds ensure that guests can enjoy a welcoming home-away-from-home experience. TVs, ample storage, and modern decor further elevate each space, creating a blend of elegance and comfort that will leave guests delighted. In addition to the furnishings, all kitchen goods are also included in the sale, allowing for immediate rental potential.

The kitchens in each unit are fully equipped with high-quality appliances, utensils, cookware, and dinnerware, providing guests with everything they need to prepare meals. From sleek refrigerators to state-of-the-art stove-tops, every kitchen is ready for use, making it easy for guests to cook, relax, and enjoy their stay. Spectacular Views of Albufeira The location of this property is nothing short of spectacular.

Perched in a prime area, the property boasts stunning views of Albufeira s iconic landscapes, with many of the units offering picturesque vistas of the charming old town, the Atlantic Ocean, and the sprawling beaches below. These views are a significant selling point and enhance the allure of each rental unit, ensuring happy and returning guests. Unbeatable Location Close to the Beach and Attractions Location is everything when it comes to rental properties, and this one does not disappoint.

Guests can walk to some of Albufeira s most beautiful beaches, including Praia dos Pescadores and Praia da Oura, within minutes. The vibrant town center, known for its lively nightlife, variety of restaurants, and bustling marina, is also just a short stroll away. The proximity to the beach, combined with easy access to all the local attractions, ensures that guests will have everything they need for an unforgettable vacation right at their fingertips. Lucrative Rental Income This property is not only a beautiful place for guests to stay but also a highly lucrative investment.

Last year's rental earnings exceeded 140,000, and the owner anticipates that this year s income will surpass 160,000. All five units are currently licensed under AL (Alojamento Local) regulations. Whether you're an experienced investor or new to the rental market, this property represents a rare opportunity to acquire a turnkey investment in one of the Algarve's most popular tourist destinations.

With strong occupancy rates, excellent income potential, and fully furnished units ready for immediate rental, this is a remarkable opportunity that offers both short-term rewards and long-term value appreciation. Don t miss out on the chance to invest in a thriving business with everything you need for success already in place.
Fully refurbished rental investment property for sale in Albufeira 5 separate units, across 2 separate addresses next door to each other (all currently with AL licenses, which the new owner could request to be transferred). An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region.

This fully refurbished rental property offers not only a prime location but also the promise of strong rental income and long-.. Fully refurbished rental investment property for sale in Albufeira 5 separate units, across 2 separate addresses next door to each other. An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region.

This fully refurbished rental property offers not only a prime location but also the potential for strong rental income and long-term appreciation. Situated just moments from Albufeira s golden beaches and surrounded by popular restaurants, shops, and lively attractions, this property is a gem for both tourists and investors alike. This investment consists of two neighboring properties combined into one outstanding offering.

Together, they encompass five fully independent and self-contained rental units, all spanning across three beautifully designed floors. Each unit has been meticulously refurbished with an emphasis on modern style, comfort, and functionality. From contemporary flooring to upgraded lighting fixtures, every detail of the renovation has been carefully planned to cater to the modern traveler. Fully Furnished and Equipped Ready for Rental Each unit comes fully furnished and tastefully decorated, ensuring a seamless, turnkey operation for the next owner.

The furniture has been carefully selected to reflect a sophisticated yet cosy aesthetic, making the units appealing to short-term guests. Comfortable sofas, stylish dining sets, and plush beds ensure that guests can enjoy a welcoming home-away-from-home experience. TVs, ample storage, and modern decor further elevate each space, creating a blend of elegance and comfort that will leave guests delighted. In addition to the furnishings, all kitchen goods are also included in the sale, allowing for immediate rental potential.

The kitchens in each unit are fully equipped with high-quality appliances, utensils, cookware, and dinnerware, providing guests with everything they need to prepare meals. From sleek refrigerators to state-of-the-art stove-tops, every kitchen is ready for use, making it easy for guests to cook, relax, and enjoy their stay. Spectacular Views of Albufeira The location of this property is nothing short of spectacular.

Perched in a prime area, the property boasts stunning views of Albufeira s iconic landscapes, with many of the units offering picturesque vistas of the charming old town, the Atlantic Ocean, and the sprawling beaches below. These views are a significant selling point and enhance the allure of each rental unit, ensuring happy and returning guests. Unbeatable Location Close to the Beach and Attractions Location is everything when it comes to rental properties, and this one does not disappoint.

Guests can walk to some of Albufeira s most beautiful beaches, including Praia dos Pescadores and Praia da Oura, within minutes. The vibrant town center, known for its lively nightlife, variety of restaurants, and bustling marina, is also just a short stroll away. The proximity to the beach, combined with easy access to all the local attractions, ensures that guests will have everything they need for an unforgettable vacation right at their fingertips. Lucrative Rental Income This property is not only a beautiful place for guests to stay but also a highly lucrative investment.

Last year's rental earnings exceeded 140,000, and the owner anticipates that this year s income will surpass 160,000. All five units are currently licensed under AL (Alojamento Local) regulations. Whether you're an experienced investor or new to the rental market, this property represents a rare opportunity to acquire a turnkey investment in one of the Algarve's most popular tourist destinations.

With strong occupancy rates, excellent income potential, and fully furnished units ready for immediate rental, this is a remarkable opportunity that offers both short-term rewards and long-term value appreciation. Don t miss out on the chance to invest in a thriving business with everything you need for success already in place.
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Property on Map

#IDH33450

Currency Exchange

Albufeira, Faro, Portugal, 8200-001

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 €1,600,000 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
€1,600,000 £1,325,296 £1,375,120 £49,824
Property Price € €1,600,000
Minimum cost in the last six months £1,325,296
Maximum cost in the last six months £1,375,120
Fluctuating exchange rates over the last six months could have increased the cost of this property by £49,824

Albufeira, Faro, Portugal, 8200-001

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 €1,600,000 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
€1,600,000 £1,325,296 £1,375,120 £49,824
Property Price € €1,600,000
Minimum cost in the last six months £1,325,296
Maximum cost in the last six months £1,375,120
Fluctuating exchange rates over the last six months could have increased the cost of this property by £49,824

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 £49,824 more.

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