ApartmentLagoa e Carvoeiro (Portugal)

Price :

$3,337,100

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface92 m²bedrooms2 bathrooms2

the 10 apartments of this block will be totally renovated and refurbished, newly decorated, furnished and totally equipped to the highest standards. All electric wires, the plumbing, kitchen, flooring, windows will be changed (refurbishment in progress). The 1+1/ 2-bedroom apartments comprise of the entrance hall, the en-suite bedroom, 1 office/ study (could be used as an additional bedroom)/ 1 further bedroom, one family bathroom, and the spacious lounge/ dining area with the open-plan fully-fitted and equipped kitchen with direct access to a terrace/ balcony with the outdoor dining area, with the terraces of the ground floor apartments surrounded by a small garden with an astroturf lawn area. The exploration will be in the hands of the Carvoeiro Clube Group and includes a 3-year rental guarantee with 5 % annual return. All operating costs like condominium, cleaning, electricity, water, etc. will be paid by Carvoeiro Clube Group. The investor only has to pay for the IMI (property tax), IRS (income tax) and wear & tear. This is an attractive investment into a well-established family resort with an experienced management company (established 1982) and a guaranteed return on investment. The refurbishment works will be completed in March/ April 2025. The price for the whole block of 10 units includes the full renovation. Sold fully furnished and equipped.