Discover this charming studio apartment ideally situated in the heart of Albufeira, just a five-minute stroll from the stunning beach. Located on the third floor of a renowned four-star resort with elevator access, this furnished and fully equipped property offers an excellent opportunity for holidaymakers and investors alike. The residence features a cozy kitchenette, a modern bathroom, and a living area with a balcony that provides picturesque views of the pools and lush gardens. As part of this exclusive development, owners enjoy access to a wide range of hotel amenities, including restaurants, bars, outdoor and indoor pools, jacuzzi, mini-golf, tennis courts, a multi-purpose sports court, health club, gym, games room, and live entertainment. Additional services comprise a hairdresser, retail shops, 24-hour reception, secure parking, and a Tesla charging station. Conveniently located near essential services such as pharmacies, banks, post offices, supermarkets, and dining options, this property also benefits from a lease agreement with the hotel company valid until October 2025. The annual property tax is approximately €122, with a monthly condominium fee of €42. Investors can choose between several flexible management options: a full management plan generating €2,625 annual income that includes utilities and maintenance, with discounts on hotel services and complimentary low-season stays; a temporary rental arrangement with the hotel sharing 40% of rental income and the owner covering utility setup costs; or a non-rental option with a monthly fee of €100 for holding the property, alongside condominium charges and discounts on hotel amenities. This versatile property presents a unique opportunity to enjoy Algarve living, whether for investment, seasonal rental, or personal holidays. For further details or to arrange a viewing, please contact me! REF: -405

Studio apartment

Data source: https://www.rightmove.co.uk/properties/164735054?currencyCode=GBP#/?channel=OVERSEAS