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How attractive is the rental potential for a 3-bedroom flat in Algarve?

Apartment in Mexilhoeira Grande

ref. LE2388
265.000€
  • B-
  • 3
  • 2
  • 91m2

The rental potential for this 3-bedroom flat in Algarve is highly attractive, especially given its proximity to the Autódromo Internacional do Algarve. Priced at just €265,000, this fully furnished apartment offers a fully operational and successful rental programme, making it a lucrative investment opportunity. With its location near Portimão and access to beautiful beaches, it appeals to a wide range of holidaymakers, ensuring high occupancy rates. The private terrace provides guests with stunning views, enhancing their stay and encouraging repeat bookings. This property features air conditioning and double glazing, ensuring a comfortable environment for tenants year-round. Owners can also select their own usage, providing flexibility for personal vacations or investment strategies. Additionally, the popularity of the nearby racetrack, which hosts events throughout the year, significantly boosts rental demand. The shared facilities of a neighbouring 5-star hotel, including pools and a gym, further increase the property's desirability. Moreover, with the beaches only 18km away, guests will enjoy easy access to sun and surf, making this flat a prime choice. Those interested in buying this property can benefit from an established rental network to assist with bookings. Contact us now to explore this investment opportunity further!

Usage
Residential
Type
Apartment
Town
Mexilhoeira Grande
Parish
Mexilhoeira Grande
Municipality
Portimão, Faro
Region
Algarve (West)
Construction Year
2015
Rooms
4
Bedrooms
3
Bathrooms
2
Floors
1
Furnished
Fully
Living Area
91 m²
Usable area
108 m²
Balcony/Patio area
16 m²
Tarmac, Easy Access
Parking outdoors, Private Parking, Underground Garage
Lounge/Dining
Balcony/Terrace
Fully Fitted, Fully Equipped
Storage
Fitted Wardrobe
1 Family Bathroom, 1 En-Suite
Heat Pump, AC in Living Area
Internet/Phone, Lift, Intercom
Mains electric, Mains water, Mains drainage
Double glazing, Manual Shutters/Blinds, Security Grills
Communal
Communal gardens, Landscaped
Resort facilities, Sauna, Gym, Restaurant, Spa, Reception
Countryside View, Pool View
● Property Price 265,000 euros
● Living Area 90,69m2
● Private Terrace 15,67m2
● 3 Bedroom Apartment (2nd floor)
● Located in the International Algarve Racetrack near Portimão
● Distance to the Beach 18km

This 3 bedroom apartment is sold fully furnished and ready to go, with amenities such as; air conditioning, double glazing, and private terraces. This apartment also has access to shared facilities of the neighbouring 5 star hotel, such as swimming pools, gyms, and spa, with 10 % Discount on all spa treatments and the restaurant. This is a great opportunity to purchase an affordable investment. Owners can choose their own usage and then earn income when the unit is not in use. This unit currently is Not within the rental pool. Thanks to the increasing popularity of the AIA, the Autodrome hosts events all-year round.

The property consists of:
• Open plan living and dining area with patio doors.
• Fully fitted and equipped modern kitchen
• 3 double Bedrooms (master with en-suite bathroom and balcony)
• Family Bathroom.
• Patio doors to terrace, overlooking the pool and gardens

Facilities offered close by:
• Gymnasium
• Spa
• Restaurant and Bar.

Amenities

• Double glazing
• Air conditioning
• Communal Swimming pools
• Restaurant
• Gymnasium
• Spa

Location

• 16.4km from the Beach (Meia Praia)
• 14.5km to Portimão
• 14,5km to nearest golf course (Penina or Palmares)
• 12km to nearest school
• 85km to Faro airport
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