Building from 2009, with Local Accommodation license. Or sale of the 4 fractions separately in horizontal property.

Possibility of offering one or more fractions or the whole building.

The fractions will be deeded separately.
Ideal for two or more partners to manage the condominium and settle expenses. Or ideal for families to stay together...

The distance is 200 meters on foot from Praia do Túnel, Praia do Peneco, in Albufeira centro.

6-storey building - half basement for garage and storage, raised ground floor, 1st to 3rd floors, and use of attic for laundry and an extra suite, ideal for a concierge or housekeeper.

Shindler elevator,
Balconies on both façades.
Good quality thermal windows with guaranteed acoustic insulation. Electric shutters.

There are 5 units, 4 two-bedroom apartments, with air-conditioning, a water storage tank, an equipped kitchen with utensils and crockery.
The apartments are furnished and equipped with white linen ready for use, as well as a laundry room and an extra suite.

Feasible for annual rental for own permanent residence, temporary or tourist rental. It has a license for Local Accommodation, which allows flexibility of choice.

Recent building in good general condition, with no need for renovation or rehabilitation.

The building has one unit per floor:
Half basement - garage - 116m2 for 4 parked cars and other 2-wheeled vehicles.
RC - T1 with a gross area of 138m2 - transformed into a T2, with a 52m2 terrace
1st floor and 2nd floor - T2 - each with a gross area of 119m2, each with two balconies of 46m2 in total
3rd floor - 2-bedroom apartment with a gross area of 115m2 and 2 balconies of 46m2 in total - the ONLY one with an ocean view.
Attic - extra bedroom suite and laundry room with a total of approximately 40m2

Located on Rua 5 de Outubro, 200 meters from the tunnel and Peneco beach, as well as the various services, restaurants, markets and nightlife.
Although it's very close to the central area of Albufeira, it's protected from noise and movement during the day and especially at night.

The extra room allows you to accommodate a housekeeper or concierge, possibly for an extra client.
The laundry room can be used for Local Accommodation services or for storage or alternatives.

Property with guaranteed income.
Currently used for LA, with an employee managing bookings, check-in/out, cleaning and maintenance.

The reason for the sale is the death of the owners and the great distance between the heirs.

An excellent option for investment or second homes for families. If the whole building is sold, it will cost less than €2500 per m2.

Visits by appointment, preferably at weekends.

For more information, please contact me immediately.
ref number 66666 on the agency's website.