£181,693 GBP | $243,725 USD
Type: Apartment
Bedrooms: 1
Bathrooms: 1
Floor area: 68 m2
Air Conditioning
Agent/Owner:
Arkadia
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Location: Portugal
Speaks: English
Managed by:
(Arkadia)
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1 bedroom apartment in Albufeira at the Aparthotel Paraíso de Albufeira in the prime area of the city
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:- 68 m² gross area, - T1- 1 bathroom- Second hand/good condition- Built-in closets- South Orientation- Building- Floor -2- With elevatorEquipment:- Air conditioning- Pool- Green zonesWith 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 Room6 Meeting rooms for tour operators, 8 Guide offices, 29 Apartments, Basement -1: Luggage storage, 2 RestaurantsSelf-service Restaurant, Children's Garden, Multipurpose Room, Adult Games Room, Teenage Games RoomWhen 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 , TheALGARTEMÁTICO, 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: 648IMI value: between €130 and €200, depending on the area of the apartments.Extra Periodic Installment Value when out of operation: €130/monthIn 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. Energy Rating: C #ref:GA-6782
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