Well-located seaside apartments to sale on Faial island, Azores

BEFORE 920.000€ and NOW 785.000€

Exceptional five apartments for sale in the heart of Horta’s city, on the Faial island, Azores.

This brand new building with five flats, consists of one studio, one two-bedroom, one three-bedroom and two one-bedroom apartments of around 60m2 each and offers a spacious layout, carefully designed for comfort. Located in the city of Horta, these flats have been imagined and designed for an unrivalled urban lifestyle. Very well equipped ready-to-use kitchens and large bathrooms, furnished bedrooms and respective living rooms guarantee maximum convenience for the tenant. The south-facing orientation of the flats guarantees plenty of natural light, creating a warm and inviting atmosphere with breathtaking views over Porto Pim bay and Pico island.

Situated in the charming parish of Angústias, in Horta city, this five flats offers an excellent investment opportunity and can be used as local accommodation (AL).All the apartments have rental contracts and generate income . Just a 10-15 minute walk away, you’ll find schools, supermarkets and a variety of essential shops and services as well as the best bathing area on the island, the spectacular Porto Pim beach. This area is a true paradise for outdoor enthusiasts, with easy access to the island’s stunning south coast. All the flats are rented out under lease agreements, giving investors the opportunity to recoup their investment from the moment they purchase them, without having to worry initially about occupying them.

A sixth studio flat is possible, it will be a one-bedroom apartment made of wood and easy to install and and can be implemented in the remaining building’s available area, providing an increase in the building’s total income.

The island of Faial is home to a centre of the University of the Azores (Department of Oceanography and Fisheries) and has many scientific development projects (Martec – linked to marine sciences, divided into three groups: a “Blue Incubator”, which will house companies linked to the economy of the sea; an Aquaculture Centre, an activity that will be carried out on an experimental basis in the Azores; and a space to house the team that manages the Azores Marine Park. It is an island with a high growth potential (not only for tourism but also for science), which leads to high demand on the rental market.

Don’t miss out on this fantastic opportunity to invest in this seaside paradise. Contact us today!