Apartment 1 Bedroom for buy in Albufeira

1 bedroom apartment with 4% annual yield in Albufeira at the Aparthotel Paraíso de Albufeira is located in the prime area of the city of Albufeira (new part), just a few meters from Albufeira Town Hall and close to the beach.


Specific features:
- 95m² gross area,
- T1
- 1 bathroom
- Second hand/good condition
- Built-in closets
- South Orientation
- Building
- Floor -2
- With elevator

Equipment:
- Air conditioning
- Pool
- Green zones

With environments decorated and designed for a perfect family holiday. Aparthotel Paraíso de Albufeira is a prestigious 4-star tourist development in the Aparthotel category, comprising:

Self-service Restaurant, Children’s Garden, Multipurpose Room, Adult Games Room, Teenage Games Room

6 Meeting rooms for tour operators, 8 Guide offices, 29 Apartments, Basement -1: Luggage storage, 2 Restaurants

Self-service Restaurant, Children’s Garden, Multipurpose Room, Adult Games Room, Teenage Games Room

When opting for the purchase with income giving the exploration, after the public deed a contract is signed, the ’Operation Legal Title’ (with a period of 1 year and beyond) with the company that manages and operates the unit , The

ALGARTEMÁTICO, SA, in which a yield of 4% per annum is guaranteed, based on the amount paid for the apartment. Conditions can only be changed in the face of catastrophic situations and changes in the economic situation.

Condo Fees: Monthly Fee €45 + Monthly Reserve Fund: €9 = Monthly Total, €54 | ANNUAL TOTAL: 648

IMI value: between €130 and €200, depending on the area of the apartments.

Extra Periodic Installment Value when out of operation: €130/month

In accordance with the applicable legislation regarding Hotel Units under the Horizontal Property regime, and according to the Constitutive Title of the Hotel Enterprise - ’HOTEL APARTAMENTO PARAÍSO DE ALBUFEIRA’, the apartments are intended for tourist use. In case of purchase of the property, the owner will be able to take a vacation in the development and, as owner, will be able to enjoy the special associated discounts, such as:

Accommodation discount: following the agency price list;

Discount at F&B (Food and Drinks points of sale inside the hotel) = 20%

Discount on Corporate Services = 10% (excursions, tickets to water parks.