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2 Bed Villa for sale

Faro City, Algarve, Portugal

£513,285 *  [€595,000]

2 Bed Villa for sale

Faro City, Algarve, Portugal

£513,285 *  [€595,000]

Property Details


  • Bedrooms: 2
  • Bathrooms: 2

Full Description


This property with private garden and with a wide sea view and to the natural environment.
Consisting of two floors, with entrance by the ground floor to the hall of the rooms.
2 double bedrooms and 2 bathrooms (1 en-suite) and with access to the private garden.
On the first floor, open-plan kitchen to the living room and dining area.
Large balcony with incredible views over the sea and the island of martinhal.
All finishes and fittings are high quality including, double glazing, air conditioning, underfloor heating, solar hot water, kitchen and modern bathrooms.
Sold fully equipped and furnished with an excellent rental history.
The property would be suitable for those looking for a well-managed property with good rental potential.
Resort with 5 pools, SPA, Tennis and Tennis Paddle, Water Sports, Bicycles and Gym.
It also offers activities for all children and sightseeing.
Sold with a current 10 year Leaseback Agreement (to be finish in 2021) The property is being sold with a Leaseback Agreement and is a freehold property purchase with a contract to rent the property back to 4WR for a 10 year period from 01/03/2011.
A 6% to 7% return per annum on the initial purchase price, payable on the 25th of each month.
4WR will pay for the condominium charges, utilities and resort membership for the term of the Leaseback.
4WR will also furnish the house with high quality furniture which will continue to belong to and be maintained by the operator.
The owner is entitled to an annual usage of between 4 – 8 weeks (the number of weeks depends on when the owner wishes to use the property).

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