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What investment opportunities exist for properties next to the Algarve International Racetrack?

Apartment in Mexilhoeira Grande

ref. LE2384
195.000€
  • B
  • 1
  • 1
  • 52m2
  • Modern Construction
  • Alojamento Local

Properties near the Algarve International Racetrack present an exceptional investment opportunity. With 1 and 3 bedroom touristic apartments available for purchase, investors can benefit from the popularity of the racetrack, renowned for hosting year-round events. Starting at just €195,000, these apartments offer a potential return on investment through a flexible rental programme that allows owners to choose their usage while generating income when not in residence.

Located merely 16.4 km from the stunning Meia Praia beach, these apartments are perfectly situated for both leisure and rental opportunities. Each property features modern amenities, including air conditioning and double glazing, and some offer communal facilities such as swimming pools, gyms, restaurants, and spa services. These enhancements will attract holidaymakers seeking comfort and luxury.

The area is surrounded by the natural beauty of the Monchique mountains and various nature trails, catering to nature lovers and adventure seekers. With local attractions within easy reach, your investment is not just a property, but a gateway to an active lifestyle and tourism growth. Investors can leverage the increasing influx of visitors to the Algarve to ensure high occupancy rates and rental yields.

In conclusion, the opportunity to purchase these properties near the racetrack poses a strategically sound investment given the region's appeal. Explore this opportunity further and contact us today to learn more about how you could benefit from investing in Algarve real estate!

Usage
Residential
Type
Apartment
Town
Mexilhoeira Grande
Parish
Mexilhoeira Grande
Municipality
Portimão, Faro
Region
Algarve (West)
Construction Year
2015
Rooms
3
Bedrooms
1
Bathrooms
1
Floors
3
Furnished
Fully
Living Area
52 m²
Tarmac
Parking outdoors, Private Parking
Lounge/Dining
Balcony/Terrace
Fully Fitted, Fully Equipped
Storage
Fitted Wardrobe
1 Family Bathroom, En-Suite
AC, Forced Air Heating & Cooling System
Cable/Satellite TV, Intercom
Mains electric, Mains water, Mains drainage
Double glazing
Communal
Communal gardens
Resort facilities, Spa, Gymnasium, Race Track, Restaurant
Countryside View, Panoramic View
Modern Construction
● Prices start from €195,000 (T1) to €265,000 (T3)
● Living Areas from 52,19m² – 108m²
● 1 or 3 Bedroom Apartments (Ground to 2nd floor)
● Private Terraces from 15,69m²
● Located next to the International Algarve Racetrack
● Distance to the Beach 16.4km

These 1 to 3 bedroom apartments start from an affordable €195,000 with many fully furnished and ready to go, with amenities such as; air conditioning, double glazing, and private terraces. Some also include access to communal facilities such as swimming pools, gyms, restaurant and spa. This is a fantastic and affordable investment opportunity. Also, if you are a lover of motorsports this is the perfect location. Don’t miss your chance!

The Apartments consist of:

• Entrance hall
• Living & dining area with patio doors
• Fitted and equipped open-plan kitchen
• 1 or 3 Bedrooms (T3 with en-suite bathroom)
• Patio doors to terrace/balcony, some units overlook the pool and gardens
• Individual unit layouts vary

Amenities

• Double glazing
• Air conditioning
• Communal Swimming pools
• Restaurant
• Gymnasium
• Spa
• May include underground parking and storage rooms

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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