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The building is located in an area surrounded by all amenities and services, just 1.5 kilometers from the beaches and Albufeira. The conditions that brings together allow various forms of exploitation, particularly as Aparthotel, Hostel, Senior Accomodation, Long Term Rentals, among many others, including the combination of different types of occupation. It has 48 apartments, of which 12 are studios, 24 are 1 bedroom apartments and 12 are 2 bedroom apartments, bar, reception and laundry. The covered area has more than 4,000m2. This is an extremely safe investment in the short, medium and long term! Price upon request. Contact us!
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BUILDING FOR
SALE With 48 apartments
Only 1.5 kilometers from the beaches and Albufeira
Excellent business opportunity, in
Portugal’s Capital of Tourism:
The municipality of Albufeira hosts most of the 6.5 million tourists who
visit the Algarve each year, with a share of 45% of the Algarve night
stays.
The summer touristic frenzy lasts all year and has visitors of all ages and
from all over the world.
Its extraordinary climate, with more than 3.000 hours of sunshine a
year, the nightlife always very busy, beautiful beaches, varied water
sports, golf courses, beautiful landscape and delicious cuisine are some
of the main reasons for more and more people choose Albufeira as their
favorite destination.
Portugal’s Capital of Tourism
An enormous potential and great
investment!
The building is located in an area surrounded by all amenities and servi-
ces, just 1.5 kilometers from the beaches and Albufeira.
The conditions that brings together allow various forms of exploitation,
particularly as Aparthotel, Hostel, Senior Accomodation, Long Term
Rentals, among many others, including the combination of different
types of occupation.
It has 48 apartments, of which 12 are studios, 24 are 1 bedroom
apartments and 12 are 2 bedroom apartments, bar, reception and
laundry. The covered area has more than 4,000m2.
This is an extremely safe investment in the short, medium and long
term!
Location
Only 1.5 kilometers from the beaches and Albufeira. Quiet and close to numerous services and
animations.
The Building
Built in 1974, with a covered area of over 4,000 m2. Total horizontal property, consisting of reception,
lounge, bar, games room, office, laundry, garage, garden, covered parking, 48 apartments and attic.
The Apartments
The building has 12 apartments studios, 24 1 bedroom apartments and T2 2 bedroom apartments,
with possibility to convert to other types. There are 6 floors with 8 apartments per floor. The
apartments have excellent sun exposure, balcony, fireplace, kitchenette and private bathroom.
Facilities The generous area available for public spaces offers the possibility of adding, area Massage & Spa,
indoor and outdoor pool, mini market, bar, breakfast and dining area, among many other possibilities.
Potential
The possibilities of this building are very varied, and should always go through the refurbishment and
modernization of space. There are many examples of similar success stories, especially for initiatives
related to tourism which has strong possibility of funding under the Community incentive systems.
Utilities
The water heating system is mixed solar and electric. It has 2 lifts for access to the apartments. The
building fire plan, fire central and emergency stairs.
Website www.minichoro.com
Google Maps https://goo.gl/maps/gLWTo
Virtual Tour http://www.360cities.net/search?utf8=%E2%9C%93&query=minichoro
In partnership with:
Apartamentos MiniChoro
Rua José Afonso, Lote 123,
8200-351 Albufeira,
Algarve, Portugal
apartamentos@minichoro.com
VE 11.2014
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