Elegant T1 service apart. close to Praia da Rocha and Vau

Located within a prestigious private condominium called “Oceano Atlântico”, very close to Praia da Rocha, this refined one-bedroom service apartment offers an exceptional opportunity to enjoy a premium coastal lifestyle or secure a highly attractive investment in Portimão, Algarve.

Designed with a contemporary open-plan layout, this 89,05m2 gross area service apartment, where 60,35m2 are useful interior, seamlessly combines a 30,15m2 living and dining area with a fully fitted open-plan kitchen, creating a bright and inviting living space. Large sliding glass doors open onto a spacious 16,70m2 balcony, where excellent sun exposure and pleasant views over the swimming pool and the children’s playground, offer the perfect setting for relaxing or entertaining. The 14,15m2 bedroom offers comfort and a built-in large wardrobe with safe, and the 4,20m2 bathroom is elegantly laid out, with a bathtub.

This 2nd floor service apartment is finished to a high standard, and it also benefits from a private underground parking space, marked 162 on the floor, ensuring both practicality and convenience.

Residents have access to an outstanding range of exclusive facilities, including indoor and outdoor swimming pools, pool-bar, a modern fitness centre, landscaped gardens, a children's playground, a bar and restaurant, as well as a 24-hour reception service, offering comfort, security and a true resort-style living experience.

Ideally positioned between the city of Portimão (city center, the “Continente roundabout” is 950 m away) and the Atlantic Ocean (750m away – 9min walking distance), with its heart at Praia da Rocha, one of the Algarve's most sought-after seaside destinations, this service apartment is just a short walk from the golden sandy beaches, the Portimão marina with its vibrant night atmosphere, a wide selection of typical restaurants, cafés, bars, shops and the area's lively entertainment scene.

Whether as holiday retreat (owners are allowed 42 days of free stay per year), having nothing to be worried about, once the apartment will be cared, cleaned, looked after and treated as part of the Hotel, or merely as an investment property, this apartment combines an outstanding location with excellent and guaranteed rental potential throughout the year.

Sold fully furnished, decorated and equipped, kitchen appliances include a FAGOR fridge & freezer, a BALAY oven, an ARISTON hotpoint extractor, a FAGOR Innovation 6Kg washing machine, a FAGOR Innovation microwave, a HAIR hot water cylinder and two HISENSE AC new machines.

To generate income from short-term lettings, you will not need to worry about obtaining an AL Licence, as the Edif. Oceano Atlântico, through its company Rotunda Atlântico, S.A., is the only entity already legally authorised by the Portimão Municipal Council and duly approved by the Turismo de Portugal, I.P., to operate the property. It holds the Tourist Licence 4/09 for this purpose, and all licences and legal requirements are the sole responsibility of the operating entity.

Just have in mind that once it is a service apartment, it will not apply for a permanent residency regime, nor is it eligible for a traditional Bank loan mortgage. It is highly suitable as a secondary residency or an investment property. The IMI calculated in 2026, is of only 287,25€ per Year.