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Ref: MRI4827
Substantial discount offered on luxury townhouse for sale in Portugal
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Investment Property for sale in Albufeira, Algarve, Portugal
€ 642500
Town: Albufeira
Region: Algarve
Country: Portugal
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We have a townhouse for sale in the Algarve at Herdade dos Salgados,5 kms west of Albufeira.This development is reputed to be the most expensive development undertaken in the Algarve and is situated in 200 hectares of beachfront land,of which a significant portion is a natural wildlife sanctuary where no further building can take place.The townhouse is just complete and available for immediate use..
The townhouse itself consists of two suites,upstairs terrace,fully fitted kitchen,spacious living/dining room,car parking,private garden and swimming pool.It is a corner plot situated in the front row overlooking the coast - approx 5 mins walk to the beach.It is a very modern design and has a lot of glass,space and light.
The development itself has a full sports and social club,consisting of seven swimming pools,a tennis club designed to host international tournaments,spa and health centre,medical centre,restaurants and indoor/outdoor bars.The townhouse is 30 secs walk from the first tee of the main golf course - there are two links golf courses with full coastal/wildlife santuary views.
There is also a 5 star hotel currently under construction.
Without a doubt the completion of the hotel will add significant value to the development once it is finished,though many normal buyers do not necessarily have this vision.I therefore believe that it would be more attractive to a pure investor who would want to sit on it for a couple of years and cash in the profit once it reaches its true potential.
The front row townhouses are currently selling for Eur 721,000-00 direct from the developer.In order to achieve a quick sale we are offering a substantial discount .This would give a potential developer a substantial head-start in the investment and I suspect that a further 25 - 30% gain would be achievable on the current developer's price over the next 2 years,on completion of the hotel.
Not to be Missed!!
Air Conditioning : 
Cable / Satellite (Availability) :
ADSL (Availability) :
Telephone :
Alarm :
Balcony :
Fireplace :
Terrace :
Garden :
Pool :
Number of Bedrooms : 2
Living Area : 200 square metres
Price : € 642500
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Fill in the form below to Enquire about Investment Property in Albufeira ref: MRI4827 |
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