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1 400 000 €
Building in Quarteira, LouléLoulé, Faro
Building in Quarteira with parking
764 m²
Energy efficiency
Building for sale
Mixed-use real estate asset located in the Algarve, 10 minutes from Vilamoura and 15 minutes from Quarteira. Property aimed at investors seeking income already in operation and a rapid increase in yield through residential optimization, while maintaining a competitive acquisition price. Property Composition: Tourist accommodation (AL / Booking), Apartments under annual rental agreements, Apartments currently occupied by the owners’ family (primary residence), Commercial units (shops), Implemented on a land plot, East–West solar orientation, Private parking, State of conservation: requires semi-renovation works. Gross Annual Income – Current Situation: Current total gross annual income: ~ €89,236 Current gross yield: ~ 6.3% (at €1,400,000) Immediate Optimization Potential The T2 and T4 apartments, currently used as housing by the owners’ family, may be released for rental at the time of sale. Estimated total gross annual income: ~ €127,636 Potential gross yield: ~ 9.1% (without change in the sale price) This asset represents an opportunity because part of the income is already in operation and it has potential for yield increase in the short term. It is located in a strategically consolidated tourist area. In addition, it has mixed use, which allows for risk diversification. Regarding price, it is adjusted to the condition, risk, and appreciation margin. This is an ideal asset for investors with a medium- and long-term vision, such as: Real estate investors, entrepreneurs, local accommodation operators, and buyers focused on rehabilitation, income optimization, and value creation. 📩 More information, detailed financial dossier, and visits available
Details
Construction Year1994
Gross Area m²764
ElevatorNo
Private Gross Area m²764
Living Area m²763
GarageYes
Total Lot Size m²2 453
Price m²1 832 €
Floor3rd floor
Location
Attributes
Garage
Air Conditioning
Storage Room
Outdoor Parking
Nearby listings
Origin Listing reference:id. C0205-06944
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