Area Size 16,447 ft2 (1,528m2)
A fantastic business opportunity for sale in Salema, found in West Algarve, this property is ideal for those looking to expand their property portfolio or to purchase as a rental investment. Comprised of three different units, all of which are located just a short walking distance away from one of the Algarve’s stunning beaches, along with all the local amenities such as supermarkets, bars, restaurants and more. With a great location this property would benefit lucratively from the tourism industry through short term holiday rentals. Each unit offers spacious rooms, fitted kitchens, an open plan lounge with a dining area, both covered and uncovered terraces which are great for sun exposure during the summer period. Additionally, they come equipped with air-conditioning, double glazed windows, solar panels and private parking. Some of the terraces benefit from sea views and a peaceful countryside view. The ground floor is a five bedroom, six bathroom apartment covering the entire lower floor, where as the two units on the first floor are two bedroom, three bathroom apartments with their own studios on the top floor. There is sufficient grounds for a communal swimming pool to be installed if desired and the correct permissions have been obtained which could result in a higher rental yield. If interested in purchasing units individually this option is available, just get in touch with a member of our team and they will be happy to help. Salema is one of the Algarve's best-kept secrets and one of the few coastal villages that has yet to be filled with newer developments. Each year it is becoming an increasingly popular tourist destination and with it being close to Vila do Bispo, which is a pretty town with some older, more traditional Portuguese houses clustered around the 16th century church, it provides a great location for a day out of sightseeing. Air conditioningClose to the beachFireplaceTerraceEnergy Certificate: C
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