Established Long Term Rental with Guaranteed Income

Key Information

Price:: €540,000
Reference:: PP174211
Type:: House
Location:: Azores
Region:: Azores
Country:: Portugal (PT)
Bedrooms:: 8
Bathrooms:: n/a
Living Area:: 390m²
Plot Size:: 790m²

Description

Step into an investment opportunity that's as rewarding as it is hassle-free. Welcome to a property that allows you to immediately reap the benefits of your investment, all without the challenges of managing a nightly Alojamento Local. Currently designated as an AL/hostel, this home holds a 2 year term lease in place, ensuring that you'll begin collecting income right from day one, making it a truly turn-key investment. The property is comprised of seven rooms with en suite bathrooms, each suite is named after islands of the Azores.The property also offers guest parking.

Nestled within the breathtaking landscapes of the Azores, this property offers stunning ocean views and boasts expansive grounds that are ripe with potential. It's not just a property; it's your gateway to tap into the flourishing Azorean market while effortlessly offsetting costs. Although the original structure was completed in 1981, the archetecture plans and engeneering with complete construction works for a small hotel was completed in 2012.

Centrally located in Ponta Garça, just 4 km from Vila Franca do Campo and a convenient 16 km from Furnas, with Ponta Delgada a mere 25-minute drive away, this gem sits in the southern part of São Miguel Island in the Azores. It's a strategic location that provides access to the island's key attractions and amenities, ensuring a rewarding and accessible investment opportunity.

Don't miss this chance to embark on a seamless investment journey in the enchanting Azores. Contact us today, and let's make your investment dreams a reality. Your income-generating paradise awaits.

Ref: PP174211