Property For Sale Albufeira,Portugal

For sale by real estate agent - Albufeira

1 bed Property for sale

$352,511 | £248,289 | €285,000

ForSale sqftArea 1Baths 1Beds
Property description

Immaculate 1 bedroom ground floor apartment with large terrace sea/beach views and proven great rental potential in Olhos d'Agua

This beautiful 1 Bedroom Apartment with a fantastic sea view is situated in Olhos d'Agua which is between Vilamoura and Albufeira. The apartment is a fantastic holiday residence with one of the biggest beach facing sun terraces in the condominium, excellently furnished and with a proven record of rentals.

This means the property can either be used by the new owner for their own holiday accommodation or alternatively used as a business opportunity with an established and proven list of rentals throughout the year, with a return of investment over 5% per annum. The property has been awarded with the Alojamento Local rental licence, which means it is fully approved by the local CAMARA (Council). It also has a Heating Efficiency certificate, rated at Level C.

The rentals have been managed by the current Owner in conjunction with a number of professional rental companies and a cleaning organisation. Full details of the current bookings and the cleaning contacts will be passed on to the new owner.

Many rental tenants return year after year due to the position, size and comfort of this apartment. We regularly receive feedback comments from tenants saying that they want to return because, as regular visitors to the area, they have never stayed in a better apartment.

The apartment is furnished to a high standard, with a super-king sized bed in the bedroom, which unzips to 2 singles if preferred. It also has 2 double sofa beds in the lounge. It has a fully equipped kitchen and bathroom and a triple built in wardrobe and security safe. There are air conditioning units which can also be used to provide heat in the winter.

The apartment has a total area of 100.9 square metres, with 55. 4 square metres indoors and a 45.5 square metre sun terrace with unrestricted sea views. The sun terrace is furnished with sun loungers, table and chairs is sheltered from the wind, which makes it ideal to use all the year round.

This apartment is located on the ground floor entrance level with fully accessible access from Rua do Parque, Olhos d'Agua. The elevator gives access to two 12.5 square metre parking spaces in the garage at Level -2 and the village and beach at Level -6.

The property is only 9 years old. It is in immaculate condition and has been recently redecorated throughout.

Apartment details;

1 bedroom with zip link beds, which can be configured as a Super King or two single beds.

Fully fitted kitchen with Fridge Freezer, Electric Oven and Gas Hob, Dish Washer, Washing Machine, Microwave and many other kitchen facilities and equipment.

1 lounge, with television including satellite access, MP3 Player, 2 double size leather sofa beds, dining table and chairs.

1 bathroom with bath, built in shower, sink, toilet and bidet

Three large built in wardrobes

Built in security safe

External Key safe

Double Glazed lockable French windows (Sliding doors), air conditioning - fully reversible for heat in the winter

Oil filled radiators for additional heating, as required

The condominium has:

Two elevators, giving fully accessible access to the garage, swimming pool, beach and town centre.

Communal swimming pool, with large sun terrace, shower and supplied sun beds and sun shades

The surrounding area:

Olhos d'Agua retains its atmosphere as a traditional Portuguese fishing village, whilst also having an excellent beach and nightlife literally on the doorstep of the apartment at level -6 of the condominium.
Olhos d'Agua has a lot to offer couples and families in the summer, when entertainment, sunshine and fun are easy available and accessible. In the winter, the area remains popular with holiday makers or residents due to the abundance of warm weather, amazing outdoor activities and many golf clubs close by.

Note: There are 39 golf clubs in the Algarve and 15 of those are wthin a 30 minute drive from the apartment in Olhos d' Agua.

For boat lovers, both Albufeira and Vilamoura marinas are only a short drive away.

There are dozens of beaches close by offering secluded coves or long stretches of golden sand. The magnificent caves around Benagil, one of Europe's true wonders are close by too, with daily boat trips leaving for the caves from either marina.

Albufeira old town is always worth a visit. The old town is lovely with lots of shops, market stalls, restaurants, bars and cafes open all year round. The town square comes alive at night with music. The square is surrounded by trees and colourful shrubs. The old town restaurants cater for all tastes and budgets are so are ideal for a full meal or just a snack and also good for just a cool drink. The streets in and close to the square offer everything from clothes, leather goods, drinks and of course, all the shops needed for daily necessities.

Property Summary

* 1 Bedroom, 1 Lounge, fully fitted kitchen and bathroom

* Triple built in wardrobes

* Fully Furnished

* Ground floor level access (fully accessible for wheel chair /push chair)

* Elevator to Beach and village amenities

* Total area: 100.9 m2

* Internal area: 55.4 m2

* Sun Terrace: 45.5 m2

* Underground Garage - 2 Spaces 12.5 m2 each

* Doubled Glazed

* Reverse-air air conditioning

* Communal Swimming pool

* Unrestricted Beach View

* Very close to beach

* Close to amenities

* Proven High Rental Potential

* Excellent return on investment
Not mentioned