Perfectly positioned between Praia da Oura and Praia dos Bicos, this apartment enjoys a privileged location just a short, easy walk from the beach. Set within the prestigious Quinta Pedra dos Bicos development, it combines proximity to the sea with restaurants, shops and everyday amenities, allowing you to enjoy the very best of Albufeira without relying on a car.

The property also includes a private parking space and benefits from access to the development’s landscaped gardens and swimming pools, adding further appeal for both personal enjoyment and guest experience.

The apartment is sold fully furnished and equipped and has been part of a professionally managed tourist rental programme since 2017. An experienced operator oversees the entire process, from reservations and guest reception to housekeeping and day-to-day management. The existing agreement remains in place after completion, allowing the new owner to benefit from an investment that is already generating income, with virtually no day-to-day involvement required.

Currently configured as a one-bedroom apartment, the property was designed to allow the straightforward creation of a second bedroom, enhancing both its long-term value and future flexibility.

Under the existing agreement, the owner receives a fixed monthly income together with 50% of the revenue generated by the tourist operation, distributed every six months. Based on the property’s historical performance, the estimated gross annual yield ranges between 5% and 7%, calculated on the asking price. Operating expenses, including water, electricity, telephone and cleaning, are covered by the management company, making this a genuinely low-maintenance investment.

The agreement also allows the owner to enjoy the apartment for personal holidays, including a period during the peak season, subject to prior booking and a nominal fee. Whenever you decide to return to the Algarve, your home by the sea will be waiting for you.