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Unique Opportunity Albufeira: Urban Building Leased with Profitability Above 8,000/month!
Albufeira, Faro, Portugal
REF: 986395
€1,500,000
Description
Unique Opportunity for Investors: Leased Urban Building with Profitability Above 8,000/month! We present an excellent investment opportunity in the heart of Albufeira, a 5-storey urban building, located on the prestigious Rua Solar dos Vilarinhos, with a monthly profitability of over 8,000. This property is currently leased, offering a stable and proven source of income. With a covered area of 240 m and an uncovered area of 200 m , the building is composed of 8 independent units, ensuring an ideal and diversified distribution of spaces. The property is under a horizontal ownership regime, which offers flexibility for future sales of individual units, should the investor wish to optimize his/her portfolio. This property stands out for its strategic location, just a few minutes from the main shopping areas and the famous Albufeira Beach, which further increases its attractiveness for long-term and short-term rentals. The building is located in an area with high demand from tenants, ensuring consistent occupancy and high market value. Main features: Monthly income of over 8,000. Property leased with long-term contracts in force. 5 floors, divided into 8 independent units. Covered area of 240 m and uncovered area of 200 m . Excellent location, close to shops, transport and beaches. Advantages for the Investor: High and constant profitability. Potential for future appreciation due to the privileged location. Well-maintained property in excellent condition. Opportunity to purchase in a high-demand market. Commission Sharing: We offer 5% shares, with 50% of the commission for each agency. We work in collaboration with all agencies in the market, which ensures broad publicity for the property and the possibility of negotiating with various partners, increasing the chances of closing the deal. Don't miss this chance to acquire a profitable property with enormous potential for appreciation and constant income. For more information or to schedule a visit, get in touch!
Unique Opportunity for Investors: Leased Urban Building with Profitability Above 8,000/month! We present an excellent investment opportunity in the heart of Albufeira, a 5-storey urban building, located on the prestigious Rua Solar dos Vilarinhos, with a monthly profitability of over 8,000. This property is currently leased, offering a stable and proven source of income. With a covered area of 240 m and an uncovered area of 200 m , the building is composed of 8 independent units, ensuring an ideal and diversified distribution of spaces. The property is under a horizontal ownership regime, which offers flexibility for future sales of individual units, should the investor wish to optimize his/her portfolio. This property stands out for its strategic location, just a few minutes from the main shopping areas and the famous Albufeira Beach, which further increases its attractiveness for long-term and short-term rentals. The building is located in an area with high demand from tenants, ensuring consistent occupancy and high market value. Main features: Monthly income of over 8,000. Property leased with long-term contracts in force. 5 floors, divided into 8 independent units. Covered area of 240 m and uncovered area of 200 m . Excellent location, close to shops, transport and beaches. Advantages for the Investor: High and constant profitability. Potential for future appreciation due to the privileged location. Well-maintained property in excellent condition. Opportunity to purchase in a high-demand market. Commission Sharing: We offer 5% shares, with 50% of the commission for each agency. We work in collaboration with all agencies in the market, which ensures broad publicity for the property and the possibility of negotiating with various partners, increasing the chances of closing the deal. Don't miss this chance to acquire a profitable property with enormous potential for appreciation and constant income. For more information or to schedule a visit, get in touch!
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Currency Exchange
Albufeira, Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,500,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,500,000 | £1,238,175 | £1,302,135 | £63,960 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,238,175 |
| Maximum cost in the last six months | £1,302,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,960 |
Albufeira, Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,500,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,500,000 | £1,238,175 | £1,302,135 | £63,960 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,238,175 |
| Maximum cost in the last six months | £1,302,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,960 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £63,960 more.
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