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A uniquely located hotel located in Lagoa, next to and overlooking the River Arade, which is only a few minutes drive away from the popular city of Portimão along with its multiple beaches. Creating a fantastic real estate investment, whether used for permanent purposes, as a holiday home or to generate an additional income, this property suits all. Comprised of 1 and 2 bedroom apartments, all equipped with satellite TV, unlimited WI-FI, air-conditioning, water heated by solar panels, panoramic river views, an open plan living/dining room, bedrooms equipped with built-in wardrobes and a fully fitted kitchenette. Within the kitchenette you can find an oven, ceramic hob, dishwasher, refrigerator and counter space. Additionally, each apartment has its own private parking space which can be found in the underground parking. This particular property is a first floor 1 bedroom, 2 bathroom apartment with the master bedroom having its own en-suite and a built-in wardrobe, whereas an additional bathroom is available for guests. A veranda is accessed by both the bedroom and lounge/dining area providing sensational river views, additionally the apartment has a house area of 70m2 and a total area of 82m2. The Riverside Hotel includes a reception area, restaurant, bar, outdoor swimming pool, children’s park, a private boat harbour, spa with indoor pool, gym, sauna, Turkish bath, Jacuzzi and 6 massage rooms, all of which are accessible to residents and guests. Whether you’re looking for the perfect holiday home or a way to generate an additional income, this is it. Situated in a renowned tourist area, with amenities, beaches, restaurants, bars etc all nearby it creates a prime investment for any purpose. Portimão is the largest city in the Western Algarve, it was traditionally a centre for sardine fishing and processing. However, today most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.
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