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