Building for sale in Albufeira (Olhos de Agua), Portugal

• 266 m² surface area (2863 sqFt)
• Air conditioning
• 108 m² of land (1163 sqFt)
• N/C

As a buyer, this property in Albufeira (Olhos de Água) presents an excellent opportunity for both real estate investment and lifestyle purchase. The location in the historic center of Albufeira, close to the central square and the famous fishermen's beach, ensures a high occupancy rate throughout the year, attracting a diverse range of tourists. From an investment perspective, the property's prime location and recent renovation are significant factors contributing to its potential income generation. The presence of modern, functional T0 apartments and a luxurious 2-bedroom apartment with a jacuzzi enhances its versatility, catering to different tourist profiles. This flexibility allows for a higher return on investment and eliminates periods of vacancy. For a lifestyle purchase, the property offers comfort, relaxation, and breathtaking views of the city. The modern facilities, easy access to restaurants, shops, and the famous nightlife of Albufeira, make it an ideal choice for those seeking a holiday home or a secondary residence. Moreover, the existence of 5 apartments provides the option to rent out the property and generate income while enjoying it personally. Overall, this property in Albufeira (Olhos de Água) seems to be a well-rounded investment opportunity that also caters to a desirable lifestyle. However, it is essential to consider factors such as the local property market trends, competition, and the specific needs of the potential tenant before making a decision.