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4 Apartment Complex close to Salema beach, West Algarve

Apartment in Salema

ref. LG815
1.050.000€
  • B-
  • 11
  • 11
  • 236m2
  • 1.528m2

Amazing business opportunity. 4 spacious self contained apartments within 100m of the sandy beach at Salema. Currently a thriving business the complex is being sold whole with rental licence, but can also be developed individually later on.

Usage
Residential
Type
Apartment
Town
Salema
Parish
Budens
Municipality
Vila do Bispo, Faro
Region
Algarve (West)
Construction Year
2010
Renovation Year
2015
Rooms
14
Bedrooms
11
Bathrooms
11
Floors
2
Furnished
Fully
Living Area
236 m²
Usable area
378 m²
Plot Area
1.528 m²
Tarmac
Parking outdoors, Private Parking
Balcony/Terrace
Safe, Solar (Water)
Mains electric, Mains water, Mains drainage
Double glazing
Sea View, Panoramic View
- 4 spacious apartments with potential to run as a business
- Plot size 1582m
- Rental Licence
- A few steps from Praia da Salema

This complex is currently split into 4 self-contained apartments 2 on the ground floor and 2 on the first floor with individual access doors and their own patios or terraces. Both the first floor apartments have a studio apartment on the second level which can be accessed internally or externally, creating the possibility of having 6 independent apartments.

Each apartment has generous proportions and is fully equipped for the holiday maker.
This complex offers great opportunity to develop the existing €50-70,000 trade as the owners are approaching retirement they have not rented in the winter period or promoted as hard as they might.

Amenities

Access is good and there is onsite parking
Mains Electricity and water
The building is in good condition and well constructed and designed.
Solar heating for hot water
Both first floor apartments have wood burning stoves

Location

Town: 1 minute
Beach: 1 minute
Golf: 5 minutes
Restaurants: 1 minute
Shopping: 1 minute
Airport: 1 hour