Description
DESCRIPTION
1+1 bedroom apartment, located in Praia da Rocha, Portimão, Algarve.
Building built in 1985.
Consisting of 9 floors above ground and 2 below ground, served by 2 elevators.
72 Autonomous Fractions constitute the building.
Apartment positioned on the 2nd floor with orientation to the east.
Gross private area equal to 51.80sqm consisting after refurbishment by 2 bedrooms (both with natural light), living room, kitchen and 2 bathrooms.
Gross dependent area equal to 10.12sqm relative to the balcony.
Air-conditioned rooms.
The fraction is entitled to parking in a communal garage, without assigned spaces.
NEARBY
70 meters from the beach;
66 km from Faro airport;
266 Km from Lisbon.
STRENGTHS
Proximity to the beach;
Quality transformation from T1 to T2 with 2 wc's.
OPPORTUNITIES
Area of excellent profitability on a seasonal rental basis (close to the beach).
ADDITIONAL INFORMATION
Housing Use License No. 249/84 issued on 05/12/1984;
Garage Use License No. 250/84 issued on 05/12/1984;
Condominium Fee: €52/month.
TAXES / RETURN
I. M. I. (Year): 275,76 €;
Entry yield: 4.57%.
LuxRE - Trust and Excellence
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