Yield : 6.3% BEDROOMS
10,602 SQFT (985 SQM)
This office for sale in the Algarve is located in Quinta do Lago which is one of the most prestigious resorts in the region and is conveniently located just 15 minutes’ drive from Faro Airport.
This office for sale spans 985 sqm across two floors and has been let to the largest operator of short-term office rentals on a 10-year contract which started in November 2019, subject to a break (with a penalty) in November 2027. The annual rent for this office investment is €159,570 and the rent is set to renew every five years. This commercial property for sale has a gross rental yield of 6.3%, exceeding the average yield for offices in Portugal (4-6%). With more and more international companies wishing to establish a presence in Portugal, offices are a sought-after commodity and are especially popular with international investors. Offering an attractive lifestyle away from the capital, these offices are set to be a promising investment opportunity.
This office for sale is located next to the most high-end residential real estate project in the Algarve, an affluent community which forms one of the three corners of the Algarve’s Golden Triangle. Providing an exceptional quality of life away from the capital, this area is home to five championship golf courses, an equestrian centre, hotels and a plethora of excellent restaurants.
Faro airport is also a 15 minutes’ drive away too making this office an excellent choice for multinational companies.