2 Properties for Sale, Apartments in Portimão, Alvor, Dourada

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This property is situated on the 1st Floor of the development, is equipped, with kitchen and living room, bathroom, the bedroom space has a wardrobe and can be closed with a curtain depriving the space for more comfort.
Equally equipped with air conditioning in the living room and bedroom.
It also has a very generous balcony where you can enjoy the sunny days of the Algarve.

The hotel unit where it is located, was recently renovated and changed its management, offering all services, such as swimming pool, SPA and leisure areas.
The concept of the hotel unit has changed and bet is in the middle/high market, which offers to those who buy the property, a better way to get fruit from their property.
In case the objective is the previously mentioned, the hotel management itself will manage the property, staying with all the responsibility inherent to it.
It is situated about 2 km from a beach. The nearest town is Alvor (Portimão about 6 km, Praia da Rocha about 7 km). For mobility there is a bus stop (about 500 m away). For medical treatment in emergencies there is a hospital about 2 km away. The airport (FAO) is approx. 80 km away. Another airport (LIS) is located about 0 m away.

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Apartment T0+1 with service assignment.

This flat is located in the Hotel Pelican Alvor, close to Camping de Alvor and also the centre of the village, being inserted in a very quiet location, just 5 minutes by car from the beaches of Alvor.

It consists of:

Entrance hall,
Kitchen and living room in open space,
1 Bedroom room with wardrobe and access to the balcony
1 Full bathroom,
1 Balcony.

Possibility to transform into T1.

Information about the holding:

If the client wants to allocate the fraction to tourist exploitation, he can enjoy the flat freely during the period between October 1st and May 31st, however, during the period between June 1st and September 30th he can enjoy only one week. If you want more than one week you will have to pay for each extra day, benefiting from a 20% discount on the rate applied.
If the customer does not want to use the operation, he can enjoy it whenever he wants.

It should also be noted that if the option is not to allocate to the operation, the owner cannot perform identical functions, that is, he cannot rent for himself independently.

Gross annual income of €9,000 in 2023, this amount may vary annually.

Condo fee: 500€/ month
IMI: 280€/ year

Internal reference: KT_1547