Vale de Paraiso, Albufeira, Faro

Details :- Reference: BRIR-T150. 1 bedroom apartment with 4% annual yield in Albufeira at the Aparthotel Paraíso de Albufeira is located in the prime area of the city of Albufeira (new part), just a few meters from Albufeira Town Hall and close to the beach.<br /><br /><br />Specific features:<br />- 95m² gross area, <br />- T1<br />- 1 bathroom<br />- Second hand/good condition<br />- Built-in closets<br />- South Orientation<br />- Building<br />- Floor -2<br />- With elevator<br /><br />Equipment:<br />- Air conditioning<br />- Pool<br />- Green zones<br /><br />With environments decorated and designed for a perfect family holiday. Aparthotel Paraíso de Albufeira is a prestigious 4-star tourist development in the Aparthotel category, comprising:<br /><br />Self-service Restaurant, Children's Garden, Multipurpose Room, Adult Games Room, Teenage Games Room<br /><br />6 Meeting rooms for tour operators, 8 Guide offices, 29 Apartments, Basement -1: Luggage storage, 2 Restaurants<br /><br />Self-service Restaurant, Children's Garden, Multipurpose Room, Adult Games Room, Teenage Games Room<br /><br />When opting for the purchase with income giving the exploration, after the public deed a contract is signed, the 'Operation Legal Title' (with a period of 1 year and beyond) with the company that manages and operates the unit , The<br /><br />ALGARTEMÁTICO, SA, in which a yield of 4% per annum is guaranteed, based on the amount paid for the apartment. Conditions can only be changed in the face of catastrophic situations and changes in the economic situation.<br /><br />Condo Fees: Monthly Fee €45 + Monthly Reserve Fund: €9 = Monthly Total, €54 | ANNUAL TOTAL: 648<br /><br />IMI value: between €130 and €200, depending on the area of the apartments.<br /><br />Extra Periodic Installment Value when out of operation: €130/month<br /><br />In accordance with the applicable legislation regarding Hotel Units under the Horizontal Property regime, and according to the Constitutive Title of the Hotel Enterprise - 'HOTEL APARTAMENTO PARAÍSO DE ALBUFEIRA', the apartments are intended for tourist use. In case of purchase of the property, the owner will be able to take a vacation in the development and, as owner, will be able to enjoy the special associated discounts, such as:<br /><br />Accommodation discount: following the agency price list;<br /><br />Discount at F&B (Food and Drinks points of sale inside the hotel) = 20%<br /><br />Discount on Corporate Services = 10% (excursions, tickets to water parks. <br />Energy Rating: C <br />#ref:GA-6782.1