Wohnung in Algarve, Portugal, 79 m²

Owning a residence in our residential complex provides the owner with the privileges of access to modern leisure facilities and exclusive benefits of the hotel.

Advantages of the hotel for the owner:

• Concierge
• Individual checking
• High-speed Wi-Fi
• Daily room cleaning and bed linen change
• Free 3-year membership in the world's largest association, thanks to which you can visit more than 240 of the world's best resorts and hotels;
• owners receive a discount on hotel services

Residences:

The hotel consists of 132 private apartments with 1, 2 bedrooms.

Layouts:

● 2 bedrooms 123 sq.m. € 855,000

● 1 bedroom 79 sq.m. € 567,000

The apartments are owned with all furniture and appliances. All apartments have a spacious balcony or terrace, a fully equipped kitchen, parking and storage rooms.

Profitability:Option A:

Guaranteed net rental income of 4% per annum for the first 5 years for closed sales until May 31, 2022;

• Transactions, after the above term, have a yield of 3.5% per annum for the first 5 years;
• These 4% are calculated from the price of the apartment (excluding furniture) minus all fees for the apartment and current expenses, but before taxes.

Option B:Profitability program in the amount of 42.5% of net rental income

• Each Owner has 12 weeks of personal use of the apartments in both versions (with booking restrictions).

The hotel is open from May 28, 2021

Located:

• 17 sq.m from Faro Airport
• 13 sq.m from the center of Lole
• 7 sq.m from Ancao beach

Infrastructure:

• Sports Grounds
• Internal parking
• Garage
• Garden
• Children's Playground
• Swimming pool
• Banquet hall
• Game room
• Terrace

Information updated: 02.12.2022