Full Description
This classical and spacious 4-bedroom renovated apartment on the first floor of a 2-level building is a unique investment opportunity. It retained its classical elements and sits right in the square of the old town of Albufeira, in the middle of one of the most sought-after tourist locations of Portugal, just 200 meters away from the beach and in the middle of all types of amenities, such as restaurants, supermarkets, coffee shops, pharmacy, bank, post office, shops, bars etc.
An old stone staircase leads on the first floor, to the apartment comprising of:Right handside: a large dining and living area fully prepared for the installation of a fully equipped fitted kitchen in an open space design with access to a small balcony, and a separate corner suitable to set a reading space that has access to a small attic; master bedroom with patio doors opening up to a balcony; and a bathroom ensuite with walk in shower. Left handside: a large living and dining room, a fully equipped kitchen, a pantry, 2 bedrooms, a bathroom with a walk-in shower, and access to a private rooftop terrace where you can enjoy a peaceful morning breakfast or an evening drink.
The apartment's unique setup offers two different possibilities: to be used as one 4 bedroom apartment or as two self-cointained units for either habitation or as a long term rental in one of the areas that presents higher yields in the Algarve for return of investment. The apartment offers new insulation, double-glazed windows, two separate boilers, one for each unit and hard wood floor in all bedrooms, living/dining rooms and halls. All rooms have air conditioning units.
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