Vale do Milho, Algarve, Address available on request

Details:- UNIT 56 - T2B - FLOOR 0 WITH PARKING
GOLDEN VISA PROPERTY @ REDUCED RATE OF EUR 400,000

The Nomad Bay property is located just minutes from Carvoeiro, one of the most desired locations in the Algarve. Carvoeiro is a charming and traditional tourist town in the Barlavento Algarve, best known for its whitewashed houses and breathtaking beaches. Surrounded by the cliffs, Carvoeiro offers a vibrant and tranquil atmosphere. As you walk through the narrow cobbled streets of Carvoeiro, you will find a wide selection of excellent restaurants and bars where you can admire the beautiful sea views. As Carvoeiro is close to the Atlantic, you can travel by boat to many destinations, such as the famous Benagil grotto, climb the River Arade to the castle town of Silves or Praia da Rocha in vibrant Portimão.

Nomad Bay property is located just minutes from the centre of Carvoeiro, on a hill offering stunning sea views. From the property, you are within walking distance of several beautiful beaches, such as Carvalho Beach or Vale de Centeanes Beach, as well as many golf courses such as Vale de Milho golf course.

Given the excellent location of this property and its proximity to a wide arrow of tourist attractions, this property is sold as an investment property. The project was structured as a hotel chain and is being managed as such, i.e. Nomad Bay will take care of all the administration of the property and rent the apartments for a complete turnkey solution. Inventors are free to occupy their apartment seasonally or throughout the year, but when the property is not occupied by its owners, the property will generate revenue through rents. This project also qualifies for the reduced Golden visa of EUR 400,000.

The Nomad Bay property will be a luxury holiday resort consisting of 4 two-story buildings and 74 apartments, with 1 to 3 bedrooms. Prices for T1 units start at 450,000 euros. The asking price of T2 units starts at 550,000. All apartments will have floor-to-ceiling windows, creating a bright and comfortable environment. All units include a large outdoor space and many units have sea views. All kitchens will be fully equipped with state-of-the-art appliances such as Smeg or Bosh and will include dishwasher, washing machine, fridge, hood board, oven and coffee maker. All units will have wooden floors throughout the floor. Facilities include a swimming pool, gym, spa, restaurant and bar.

This T2B unit (102.20m2) has a large open space of 28.10m2 which consists of a living room and a kitchen. The master bedroom (14.80 m2) has a private bathroom with shower and two washbasins. The second room has 12.10m2. There is a second bathroom with shower. The unit has a large terrace of 23.0m2 that can be accessed both by the living room and by the bedrooms. This unit also features a 35m2 garden.

Construction of the resort is already underway and the inauguration is scheduled for the second quarter of 2024.

For more information, send me an email to [email protected] or whatsapp +351 912 222 159
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