Residential House for sale in Luz de Tavira e Santo Estêvão, 496 m²

Luz de Tavira e Santo Estêvão, Tavira

Residential House

EUR 990,000

• 12 bedrooms
• 496 sqm

Ideal opportunity for those wishing to invest in rental properties! This spacious property comprises four two-bedroom apartments, one one-bedroom apartment and three studios, all with access to a common swimming pool, garage, barbecue and leisure area. Currently, the property is rented long-term for approximately €4000 per month, but is eligible for short-term tourist rentals on a weekly basis, due to its AL license. It is ideally located in a highly sought-after rural area between Olhão and Tavira. Situated in a charming rural area, with quick access to the main motorway and the EN125 national road, which connects it to Spain, the Western Algarve and Northern Portugal. It is just 30 minutes' drive from Faro airport on one side, and 30 minutes' drive from the Spanish border on the other. A short journey takes you to the bustling merchant cities of Tavira and Olhão, along with coastal fishing villages such as Fuseta and Sta Luzia, where there are numerous first-class restaurants serving fresh fish and seafood. All necessary amenities are nearby. Near the Ria Formosa Natural Park, a preferred resting place for migratory birds. The Ria, a body of seawater that resembles a river, serv…