Apartment T2 for sale in Portimão

2 bedroom apartment with allocation of services.

It is located in the Algarve Race Apartments development, close to the Portimão International Circuit, but is located in a very quiet area, just a 20-minute drive from the beaches of Lagos and Alvor.

It is bathed in natural light and has well-distributed areas, comprising:

• entrance hall,
• kitchen,
• room with balcony,
• 1 bedroom with balcony and one without balcony,
• 1 full bathroom.

The apartment currently does not have a tourist operating contract in force and operates under the following conditions:

• The property is intended for tourist use.
• Currently the yield is 60% of the operation.
• Right to use the apartment for 7 consecutive days at Easter and 14 consecutive days in August.

Annual condominium fee: €1100

This is an excellent business opportunity!

Contact for more information!