THE PROPERTY 

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Beautifully decorated 2 bedroom, 2 bathroom apartment, set in the gardens of the resort Parques da Corcovada, just minutes’ walk from  the beautiful Praia da Oura Beach , “The Strip”- with lots of restaurants, bars, cafés, fashions and curio shops : a bit of everything for the whole family. Easy access to beaches, Old Town, The Strip, supermarkets, local tourist train, for golf & taxi pick-ups.

Great holiday rental property, with legal rental licences, and repeat client base.

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Large spacious 2 bedroom apartment, with high ceilings, double glazed.

Fully air conditioned. It has 2 balconies, main one facing south (sun all day) and 2nd getting evening sun.

Great for winter rentals with sunny lounge & kitchen - low cost due to solar heating.

The bedrooms are quiet & peaceful with double glazing and electric shutters, located on the internal side of Complex – well-lit at night giving a lovely aspect to the well maintained pool and gardens areas.

This is a private condominium, with Video entrance surveillance;

allowing guests entrance via video phone and private underground parking for 1 vehicle

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Entrance Hall:  airy, spacious with a large built in wardrobe & extra storage.

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Lounge/ Dining Room: Sunny and bright with a South facing balcony, a perfect suntrap.

A beautiful Palm tree frames the main window, gardens enhance the views over villas.

2 large comfy sofas, TV unit with cable TV channels, unlimited Wi-Fi, stereo, DVD player.

Dining area with seating for 6 persons and sideboard for storage.

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Main Balcony: outdoor dining for 4 people, sunshine from sunrise to late evening.

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Kitchen:  Sunny & bright as faces south. This has seating and dining for 4.

It is spacious and has a separate divide for laundry area.

New floors were laid in 2018, in keeping with the furnishings.

Fully fitted Danish designed kitchen with all mod cons: gas hob, electric oven, extractor, grill, microwave, fridge freezer,

toaster, kettle, coffee maker, washer-dryer and dish washer.

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Bedrooms:Spacious bedrooms, air conditioned/heated, high ceilings & electric security shutters.

Shutters are great for – summer- keeps out all the heat, while allowing for free flow of air into the property;

winter - together with the double glazing, they keep the heat in at night.

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Master bedroom : King-sized bed, twin bedside lockers with lamps, large built in wardrobe, single comfy chair.

Also has a fully fitted and tiled en-suite bath/shower, bidet, WC, built in vanity unit with large lit mirror.

 Balcony has two chairs for late evening sun – overlooking the main pool and gardens.

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Twin bedroom: has 2 adult sizes twin Beds, bedside lockers with lamp, large built in wardrobe, single comfy chair

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 Family bathroom: fully tiled, shower, WC, built in vanity unit with large lit mirror. New floors tiled in 2018 to maintain the modern aspect of the property. Natural stone sink surrounds in all bathrooms.

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Size in M2 = 102 M2: 1,100 Sq Ft.

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Extras that this apartment also has:

 

This apartment has full bright sunshine, so in winter – low cost to heat - perfect for Winter Lets.

Potential for Improvement: It is big enough to fit the Dining room table and chairs in kitchen area. This would allow the fitting of 2 single fold down beds in the large living room area - thus accommodating 6 in luxury. 

(There are also 2 extra camping beds and pumps available at present)

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An expensive LG Air Conditioning/ Heater Units:

Efficient & modern air con system was installed which is aesthetically unobtrusive and pleasing to the eye.

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Owner’s lock up room and Utility closet:

Both have been shelved out to increase storage space.

All linens, towels, and kitchen extras for rentals are easily stored. A new high security lock was put in owners lock up.

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Lighting:

All lights in apartment are fitted with energy efficient long life bulbs, except for kitchen which can be upgraded to LED

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Our Property Manager is happy to continue with any new purchaser.

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Garage Parking Space:

located right beside the lift for easy access and it is very large.

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Additionals:

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Condo fees: for 2019 of €354.00 per quarter are very reasonable for the wonderful way the condo is maintained, cleaned, and the grounds and pools are kept to pristine level

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Marketing:

The apartment has been marketed as a 5 Star apartment for 12 years. The great location along with the tastefully furnished expensive package enabled us to get great reviews, and multiple repeat bookings.  

It is fully ready for rentals, with all legal licences & safety equipment if purchaser so wishes. 

We can negotiate a turn- key sale of contents at a fair price.

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Price: €259 000.

Furnishings: €10, 000 for furnishings, except for a few personal Items

(some Paintings, Ornaments).

Also happy to sell without furnishings if this is preferred by purchaser.

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Rental Income:

2018 €14,035;

2019 No Winter Lets/ Own use £ 11,971;