Algarve, Portugal
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- BATHROOMS
7
- SIZE
2,045 sq ft
190 sq m
Key features
- 7 bedrooms
- Total area: 130 sqm
- House area: 190 sqm
- 7 bathrooms
- Construction year: 1950
Description
Building under full ownership, comprising 2 floors, fully renovated, currently operating as a mini-hostel with 7 independent units. Each room features a private kitchen and bathroom, allowing for autonomous and efficient operation. The property is currently leased under a fixed-term agreement until February 1st, 2029 (non-renewable), ensuring full predictability for the investor.
Monthly rent: €6,500 Immediate income from day one
Long-term lease (no renegotiation risk)
Ideal for investors focused on stable cash flow
Fully adapted for hospitality or similar use Note: The current lease agreement must be honored until its expiration date (01/02/2029).
REF: -428
Algarve, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)32.9 miles
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Notes
This is a property advertisement provided and maintained by Remax Expogroup, Portugal (reference 96202_123561032-428) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.