Multi-Unit villa - Investment opportunity

€990,000

17 Rooms
12 Bedrooms
8 Bathrooms
~578 m² Total surface
~900 m² Plot surface

Description

Spacious detached villa with AL license and potential for rural tourism and excellent possibilities for rental income. The building consists of the following units: Ground floor: 1 x T1 (1-bed) 1 x T2 (2-bed) 3 Studios First Floor: 2 x T2 apartments Second floor: T2 apartment with an ample terrace and sea view All living units have equipped kitchen and air conditioning. There is a common leisure area with BBQ, a solar heated pool, and a spacious garage for more than 10 cars. Currently the accommodation is being explored as an AL with monthly leases and has an income of around € 4,000/month. The villa is very centrally situated in a quiet part of the East Algarve at only 10 minutes from the waterfront and Ria Formosa and at 15 minutes from the beautiful cities of Olhão and Tavira. This is a perfect property for investors. Please contact us for more information or to schedule a viewing.

Features

Air-conditioningBalconyBuilt-in kitchenGaragePatioSwimming poolTerraceGreen view

Engel & Völkers Faro-Tavira

+351 938 533 413

Your advisor: Ron Isarin

Property ID: W-02RYKM

Location: Luz, Faro District

The villa is located near Luz de Tavira, in a very quiet area and with only 3 km distance from the Ria Formosa Nature Reserve and ocean. The next small town can easily be reached by cycle or car. From there you can take a boat to visit the islands. It is also well-known for its fish restaurants and also has amenities like shops, post office, public transport, banks as well as sporting facilities like sailing, kiting, surfing etc. At low tide you can walk through the Ria Formosa tidal flats to the Atlantic Ocean with lovely, long, sandy beaches. The Ecovia Cycle Route (214 km long) passes nearby.