Faro, Faro 8500-809

DESCRIPTION 1+1 bedroom class apartment, located in Praia da Rocha, Portimo, Algarve. Building with Swimming Pool, built in 1989. Consisting of 13 floors above ground and 2 below ground, served by 3 elevators. Apartment positioned on the 1st floor with south orientation. Gross private area equal to 50m consisting after refurbishment of 2 bedrooms (both with natural light), living room, kitchen and 1 bathroom. Gross dependent area equal to 8.30m relative to the balcony. The fraction also has exclusive use of a terrace with 22m. NEARBY 100 meters from the beach; 66 km from Faro airport; 266 Km from Lisbon. STRENGTHS Proximity to the beach; South Terrace OPPORTUNITIES Area of excellent profitability on a seasonal rental basis (close to the beach). ADDITIONAL INFORMATION License of Use No. 215, issued on 19/09/1989; Condominium Fee: 38EUR/month TAXES / RETURN I.M.I. (Year): 296, 76 EUR; Entry yield: 4.63% LuxRE - Trust and Excellence