Ideal chance for individuals seeking to venture into rental property investment! This expansive property consists of four two-bedroom apartments, one single-bedroom apartment, and three studios, all with access to a communal swimming pool, garage, BBQ amenities, and leisure space.
Currently, the property is being leased long-term for about €4000 per month, yet it is eligible for short-term rentals to tourists on a weekly basis due to its AL license. It is ideally positioned in a highly desirable countryside area between Olhão and Tavira.
Nestled in a lovely countryside location, with quick access to the main Motorway and National EN125 road that links it to Spain, the Western Algarve, and Northern Portugal. It's just a thirty-minute car journey to Faro airport on one side and thirty minutes car drive to Spanish border.
A short trip will take you to the bustling market towns of Tavira and Olhão, along with coastal fishing villages like Fuseta and Sta Luzia, where there are numerous top-notch restaurants serving fresh fish and seafood. All necessary amenities are in close proximity.
In the vicinity of the Ria Formosa Natural Park, a favored resting place for migratory birds. The Ria, a body of sea water which resembles a river, serves as a divider between the coastline and the islands. Its tidal waters create a fertile habitat for marine life such as oysters, clams, and numerous other species.
Ferry service operates from different locations and takes to several islands, where one can find kilometers long golden sand beaches. This area is a popular tourist destination, as well as a chosen place to live for many foreigners from all over the World.