£1,332,890* (€1,600,000)
Added < 7 days
5 bedroom villa
Albufeira, Algarve
020 7768 6890
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Villa
5 bed
bath
Property description & features
- 5 bedrooms
- Air conditioning
- Condition: Used
- 5 bathrooms
Fully Refurbished Rental Investment Property for Sale in Albufeira – 5 Separate Units, Across 2 Separate Addresses Next Door To Each Other.
An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region. This fully refurbished rental property offers not only a prime location but also the promise of strong rental income and long-term growth potential. Situated just moments from Albufeira’s golden beaches and surrounded by popular restaurants, shops, and lively attractions, this property is a gem for both tourists and investors alike.
This investment consists of two neighboring properties combined into one outstanding offering. Together, they encompass five fully independent and self-contained rental units, all spanning across three beautifully designed floors. Each unit has been meticulously refurbished with an emphasis on modern style, comfort, and functionality. From contemporary flooring to upgraded lighting fixtures, every detail of the renovation has been carefully planned to cater to the modern traveler.
Fully Furnished and Equipped – Ready for Rental
Each unit comes fully furnished and tastefully decorated, ensuring a seamless, turnkey operation for the next owner. The furniture has been carefully selected to reflect a sophisticated yet cozy aesthetic, making the units appealing to short-term guests. Comfortable sofas, stylish dining sets, and plush beds ensure that guests can enjoy a welcoming home-away-from-home experience. TVs, ample storage, and modern decor further elevate each space, creating a blend of elegance and comfort that will leave guests delighted.
In addition to the furnishings, all kitchen goods are also included in the sale, allowing for immediate rental potential. The kitchens in each unit are fully equipped with high-quality appliances, utensils, cookware, and dinnerware, providing guests with everything they need to prepare meals. From sleek refrigerators to state-of-the-art stove-tops, every kitchen is ready for use, making it easy for guests to cook, relax, and enjoy their stay.
Spectacular Views of Albufeira
The location of this property is nothing short of spectacular. Perched in a prime area, the property boasts stunning views of Albufeira’s iconic landscapes, with many of the units offering picturesque vistas of the charming old town, the Atlantic Ocean, and the sprawling beaches below. These views are a significant selling point and enhance the allure of each rental unit, ensuring happy and returning guests.
Unbeatable Location – Close to the Beach and Attractions
Location is everything when it comes to rental properties, and this one does not disappoint. Guests can walk to some of Albufeira’s most beautiful beaches, including Praia dos Pescadores and Praia da Oura, within minutes. The vibrant town center, known for its lively nightlife, variety of restaurants, and bustling marina, is also just a short stroll away. The proximity to the beach, combined with easy access to all the local attractions, ensures that guests will have everything they need for an unforgettable vacation right at their fingertips.
Lucrative Rental Income
This property is not only a beautiful place for guests to stay but also a highly lucrative investment. Last year's rental earnings exceeded €140,000, and the owner anticipates that this year’s income will surpass €160,000. All five units are currently licensed under AL (Alojamento Local) regulations.
Whether you're an experienced investor or new to the rental market, this property represents a rare opportunity to acquire a turnkey investment in one of the Algarve's most popular tourist destinations. With strong occupancy rates, excellent income potential, and fully furnished units ready for immediate rental, this is a remarkable opportunity that offers both short-term rewards and long-term value appreciation. Don’t miss out on the chance to invest in a thriving business with everything you need for success already in place.
REF: IDH33450
An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region. This fully refurbished rental property offers not only a prime location but also the promise of strong rental income and long-term growth potential. Situated just moments from Albufeira’s golden beaches and surrounded by popular restaurants, shops, and lively attractions, this property is a gem for both tourists and investors alike.
This investment consists of two neighboring properties combined into one outstanding offering. Together, they encompass five fully independent and self-contained rental units, all spanning across three beautifully designed floors. Each unit has been meticulously refurbished with an emphasis on modern style, comfort, and functionality. From contemporary flooring to upgraded lighting fixtures, every detail of the renovation has been carefully planned to cater to the modern traveler.
Fully Furnished and Equipped – Ready for Rental
Each unit comes fully furnished and tastefully decorated, ensuring a seamless, turnkey operation for the next owner. The furniture has been carefully selected to reflect a sophisticated yet cozy aesthetic, making the units appealing to short-term guests. Comfortable sofas, stylish dining sets, and plush beds ensure that guests can enjoy a welcoming home-away-from-home experience. TVs, ample storage, and modern decor further elevate each space, creating a blend of elegance and comfort that will leave guests delighted.
In addition to the furnishings, all kitchen goods are also included in the sale, allowing for immediate rental potential. The kitchens in each unit are fully equipped with high-quality appliances, utensils, cookware, and dinnerware, providing guests with everything they need to prepare meals. From sleek refrigerators to state-of-the-art stove-tops, every kitchen is ready for use, making it easy for guests to cook, relax, and enjoy their stay.
Spectacular Views of Albufeira
The location of this property is nothing short of spectacular. Perched in a prime area, the property boasts stunning views of Albufeira’s iconic landscapes, with many of the units offering picturesque vistas of the charming old town, the Atlantic Ocean, and the sprawling beaches below. These views are a significant selling point and enhance the allure of each rental unit, ensuring happy and returning guests.
Unbeatable Location – Close to the Beach and Attractions
Location is everything when it comes to rental properties, and this one does not disappoint. Guests can walk to some of Albufeira’s most beautiful beaches, including Praia dos Pescadores and Praia da Oura, within minutes. The vibrant town center, known for its lively nightlife, variety of restaurants, and bustling marina, is also just a short stroll away. The proximity to the beach, combined with easy access to all the local attractions, ensures that guests will have everything they need for an unforgettable vacation right at their fingertips.
Lucrative Rental Income
This property is not only a beautiful place for guests to stay but also a highly lucrative investment. Last year's rental earnings exceeded €140,000, and the owner anticipates that this year’s income will surpass €160,000. All five units are currently licensed under AL (Alojamento Local) regulations.
Whether you're an experienced investor or new to the rental market, this property represents a rare opportunity to acquire a turnkey investment in one of the Algarve's most popular tourist destinations. With strong occupancy rates, excellent income potential, and fully furnished units ready for immediate rental, this is a remarkable opportunity that offers both short-term rewards and long-term value appreciation. Don’t miss out on the chance to invest in a thriving business with everything you need for success already in place.
REF: IDH33450
Places of interest
020 7768 6890
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At Ideal Homes Portugal we specialise in assisting people like you in purchasing property overseas, and have over ten years experience of doing so.We pride ourselves in offering a friendly, personal service and since we want your experience with us to be as pleasant as possible, we put in the time and effort to research and hand pick the right property for you. Quality Guarantee Ideal Homes Portugal understands that purchasing property, especially abroad, can be a daunting experience. As a result, we offer you our property quality guarantee. With over ten years of hands on experience of personally selecting each and every one of the properties that we sell, you can rest assured that the property we have to offer is of the best possible quality. We guarantee that you will be satisfied with the calibre of our homes. Established in 2010, Ideal Homes Portugal has quickly become the leading Real Estate Services firm in the Algarve due to its Founders knowledge and expertise in the area, having worked for several years in the International Property sector, both in Portugal and worldwide. We specialise in providing services for clients looking to purchase in Portugal, throughout the whole purchase process and beyond, we always provide full support to our clients. With a dedicated team of friendly and experienced staff, we can advise you on all aspects of property ownership in Portugal. Working with the right people when dealing with a foreign country is always important wherever you go. Through our long established links with developers, other agents and owners in the Algarve you can be sure that Ideal Homes Portugal will find you the ideal home to suit your needs, whether that is as a second home, an investment, or a future primary home. We also have contacts for reliable furniture suppliers, gardeners and all that you could need to personalise your new home in the Algarve. "We are committed to Absolute Excellence” We will go the extra mile for you Here at Ideal Homes Portugal we are committed to providing our clients an outstanding level of service. We don’t just want to find you a property, we want to match you to your perfect property. Seeing our clients so happy is what continues to drive us forward and maintains our position as market leaders. We listen to what you want We select our properties based on your wants and needs, creating a personalised portfolio specifically for you. With our highly trained, professionals to help you, you couldn’t be in better hands. We have a complete range of services all under one roof Right from the start of the journey to finding your dream home overseas we’ll be with you every step of the way. From arranging our bespoke property viewing experiences, to helping you through all the legal and financial processes, we are always willing and able with help and advice. We continue even after the keys are in your hand, with our fantastic After Sales team who can help with anything from checking your post to a full rental management service for those of you making an investment. Follow in the footsteps of our many clients who we have helped find their Ideal Home in the sun. Who we are A fully licensed forward thinking Real Estate Agency with head offices based in the Algarve. Award winning services in the overseas property sector A dedicated Aftersales & Management consultancy Experienced & Friendly
*Based on an exchange rate of 1.2004 from GBP to EUR last updated on October 20, 2024
*DISCLAIMER
Property reference IDH33450. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ideal Homes Portugal - Portugal. Please contact the selling agent directly to obtain any more information.