Lagoa e Carvoeiro, Algarve 8400

Unit 5 - T3AThe Nomad Bay property is located just a few minutes outside of Carvoeiro, one of the Algarves most desirable locations. Carvoeiro is a charming and traditional resort town in Western Algarve which is best known for its whitewashed cottages and breath-taking beaches. Surrounded by the cliffs, Carvoeiro offers a vibrant yet peaceful atmosphere. When walking the cobbled narrow streets of Carvoeiro, you will find a broad selection of outstanding restaurants and bars where you can admire the beautiful sea views. Since Carvoeiro is close to the Atlantic, you can travel by boat to many destinations such as the famous Benagil cave, up the Arade river to the castle town of Silves or to Praia da Rocha in vibrant Portimo. The Nomad Bay property is located just a few minutes outside of downtown Carvoeiro, on a hill which offers stunning sea views. From the property, you are just a short drive away to several beautiful beaches such as Praia do Carvalho or Praia do Vale de Centeanes, as well as many golf courses such as the Vale de Milho golf.Given the amazing location of this property and its proximity with a wide arrow of tourist attractions, this property is sold as an investment property. The project has been structured as a hotel chain and is being managed as such i.e. Nomad Bay will handle all the property management and rental of the apartments for a complete turnkey solution. Inventors are free to occupy their apartment seasonally or year-around but when the property is not occupied by its owners, the property will generate revenues through rentals. The Nomad Bay property will be a luxury holiday resort consisting of 4 two story buildings and 74 apartments, with 1 to 3 bedrooms. T1 units asking prices start at Eur 450, 000. The T2 units asking price starts at Eur 550, 000. All apartments will have floor to ceiling windows creating a bright and comfortable environment. Units all include a large outdoor space and many units have ocean views. All the kitchens will be fully fitted with top of the range appliances such as Smeg or Bosh and will include dishwasher, washing machine, fridge, hob extractor, oven and coffee machine. All units will have wooden flooring throughout the entire floor. Property amenities include a pool, gym, spa, restaurant and bar. This T3a unit (193m2) has a large open space of 57.20m2 which consists of a living room and a kitchen. The master bedroom (18.60 m2) has an ensuite bathroom with a shower and two sinks. The second and third bedroom are 12, 10m2. All bedrooms are ensuite. The unit has a large terrace of 56m2 which can be accessed by both the living room and the bedrooms. This unit has two parking places and one storage.The construction is in final phase of completion with an expected delivery in the first quarter of 2025. ref: 135369