Apartment in Lagoa

167

€ 650,000 For Sale

93914

Lagoa, Faro

Lagoa e Carvoeiro

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Description

UNIT 73 - T2A+

The Nomad Bay property is located just a few minutes outside of Carvoeiro, one of the Algarve’s most desirable locations. Carvoeiro is a charming and traditional resort town in Western Algarve which is best known for its whitewashed cottages and breath-taking beaches. Surrounded by the cliffs, Carvoeiro offers a vibrant yet peaceful atmosphere. When walking the cobbled narrow streets of Carvoeiro, you will find a broad selection of outstanding restaurants and bars where you can admire the beautiful sea views. Since Carvoeiro is close to the Atlantic, you can travel by boat to many destinations such as the famous Benagil cave, up the Arade river to the castle town of Silves or to Praia da Rocha in vibrant Portimão.

The Nomad Bay property is located just a few minutes outside of downtown Carvoeiro, on a hill which offers stunning sea views. From the property, you are just a short drive away to several beautiful beaches such as Praia do Carvalho or Praia do Vale de Centeanes, as well as many golf courses such as the Vale de Milho golf.

Given the amazing location of this property and its proximity with a wide arrow of tourist attractions, this property is sold as an investment property. The project has been structured as a hotel chain and is being managed as such i.e. Nomad Bay will handle all the property management and rental of the apartments for a complete turnkey solution. Inventors are free to occupy their apartment seasonally or year-around but when the property is not occupied by its owners, the property will generate revenues through rentals. This project also qualifies for the reduced EUR 400,000 Golden visa.

The Nomad Bay property will be a luxury holiday resort consisting of 4 two story buildings and 74 apartments, with 1 to 3 bedrooms. T1 units asking prices start at EUR 450,000. The T2 units asking price starts at EUR 550,000. All apartments will have floor to ceiling windows creating a bright and comfortable environment. Units all include a large outdoor space and many units have ocean views. All the kitchens will be fully fitted with top of the range appliances such as Smeg or Bosh and will include dishwasher, washing machine, fridge, hob extractor, oven and coffee machine. All units will have wooden flooring throughout the entire floor. Property amenities include a pool, gym, spa, restaurant and bar.

This T2A+ unit (122,50m2) has a large open space of 28,10m2 which consists of a living room and a kitchen. The master bedroom (14,80 m2) has an ensuite bathroom with a shower and two sinks. The second bedroom (12,10m2) is also ensuite with a bathroom equipped with a shower. The unit has a huge terrace of 40,20m2 which can be accessed by both the living room and the bedrooms.

The construction of the resort is already on its way and the grand opening is scheduled for the second quarter of 2024. CE: B
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