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Why is investing in a property near the Algarve racetrack a good idea?

Apartment in Mexilhoeira Grande

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

Investing in a property near the Algarve International Racetrack, like this fantastic 3-bedroom apartment for €265,000, is a savvy choice for several reasons. First, the location offers consistent visitor traffic due to year-round events at the racetrack, ensuring that rentals maintain high occupancy rates. This apartment is fully furnished and currently not part of a rental pool, giving you the flexibility to manage it as you desire.

With 90.69m2 of living space plus a private terrace, this apartment delivers spaciousness and comfort. The open-plan design features a well-equipped modern kitchen, perfect for entertaining or relaxing after a day of activity. Each of the three double bedrooms — especially the master suite with its en-suite bathroom and balcony — adds to the living comfort.

Additionally, the property's access to shared amenities from a neighbouring 5-star hotel, including a pool, gym, and spa, elevates its attractiveness to potential renters and enhances the overall living experience. The balance of rural charm from the nearby Monchique Mountains and accessibility to beaches makes it a versatile investment.

For buyers, the potential return on investment is significant, given the popularity of the area. Get a piece of this growing market now — contact us to schedule a viewing of this prime property today!

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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