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Why is investing in a rental property near Portimão a smart choice?

Apartment in Mexilhoeira Grande

ref. LE2388
275.000€
  • B-
  • 3
  • 2
  • 91m2

Investing in a rental property near Portimão, specifically this stunning 3-bedroom apartment in Mexilhoeira Grande, is a smart choice for several reasons. This property not only comes fully furnished with modern amenities but is strategically located next to the Algarve International Racetrack, a hub for year-round events attracting visitors and racing fans alike. Priced at €265,000, the property offers substantial value in the booming Algarve market. With a living area of 90.69m² and access to luxury amenities like a gym, spa, and communal pools, it appeals to a diverse range of potential renters. The proximity to the coast, just 16.4km from Meia Praia, and nearby towns such as Portimão, Lagos, and Alvor also makes it highly desirable for holidaymakers seeking sun, sand, and entertainment. The existing successful rental programme can help generate immediate income, providing peace of mind for buyers looking at ROI. Owning in this picturesque area not only offers a lifestyle choice but secures a long-term investment that can appreciate over time. If you are looking for a property with incredible rental potential, don’t miss the chance to view this apartment and understand the wealth of opportunity it presents. Contact us to schedule your viewing today and step into your future!.

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 14.5km from Portimão & coast
● Distance to the Beach 16.4km

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
• 500m from International Racetrack
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