QUARTEIRA, PORTUGAL / ACCESSWIRE / February 2, 2024 / Ride the crest of the development wave with a savvy Algarve investment. Secure pole position with a property in one of southern Europe’s hottest markets, in a location at the heart of automotive advancement.
The Algarve International Circuit (AIA) racetrack complex stands out for its diverse range of world-class facilities. The €195 million state-of-the-art racetrack, which has hosted F1 events, also comprises a karting track and a five-star hotel and will soon be complemented by a forthcoming Technology Centre-a €3.4 million project developed through a partnership between the University of Algarve (UAlg) and AIA.
Initiated with the laying of the first stone in July 2023 and partially funded by European Union resources, this project is scheduled for completion in the second half of 2024. Named Celerator, the technology park aspires to drive advancements in mobility, energy, and sustainability. Situated near the Algarve International Circuit in Portimão, it will become the first building in the region dedicated to companies in automotive technology and renewable energy.
Also near to the Algarve International Circuit, an appealing investment opportunity awaits-the Algarve Racetrack Apartments. Positioned next to the Algarve Race Hotel, a stone’s throw from the racetrack, these apartments offer countryside tranquillity while being on the threshold of exciting motorsports events.
They consist of low-rise structures featuring spacious one to three-bedroom apartments. Notable features include large south-facing balconies and expansive windows capturing countryside views.
Residents enjoy exclusive access to a dedicated pool, designated parking, and storage units in an underground garage as well as mod cons like air-conditioning, double-glazing and wifi.
Furthermore, owners and guests can utilise the adjacent five-star hotel’s amenities, including a spa, gym, and indoor pool, for a nominal monthly fee. Additional privileges include access to the hotel’s panoramic café and discounted rates at its restaurant and on spa treatments.
With potential growth in the area, this mid to long-term investment proposition accommodates flexible rental arrangements, yield and capital appreciation.
Priced competitively, starting at €175,000 for a ground floor one-bedroom apartment, the development offers a compelling and affordable proposal. Conveniently located a scenic 20-minute drive from Portimão to the west and Lagos to the east, with beaches to the south and proximity to Monchique town and mountain to the north, the complex is minutes away from the nearest motorway exit and a 45-minute drive from Faro international airport.
Designed for lock-up-and-leave convenience or long-term living, the Algarve Racetrack Apartments present a unique blend of location, style, and potential.
For more detailed information, please enquire now.
Media Details:
Company Name: Ideal Homes
Contact Person: Chris White
Email: chris@idealhomesportugal.com
Website: https://www.idealhomesportugal.com/
SOURCE: Ideal Home
View the original press release on accesswire.com