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567 000 €

Flat in Algarve, Portugal, 79 sq.m

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  • Flat in Algarve, Portugal, 79 sq.m - picture 1
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  • Flat in Algarve, Portugal, 79 sq.m - picture 1
  • Flat in Algarve, Portugal, 79 sq.m - picture 2
  • Flat in Algarve, Portugal, 79 sq.m - picture 3
  • Flat in Algarve, Portugal, 79 sq.m - picture 4
  • Flat in Algarve, Portugal, 79 sq.m - picture 5
  • Flat in Algarve, Portugal, 79 sq.m - picture 6
  • Property ID on Prian.info: 3665410
    Property ID on company's website: 002426
    Last update: 11.11.2023
    Number of views: 1524

567 000 €

Flat in Algarve, Portugal, 79 sq.m

79 sq.m 2 1
Residence

  • Property ID on Prian.info: 3665410
    Property ID on company's website: 002426
    Last update: 11.11.2023
    Number of views: 1524

Specifications

Sale price 567 000 €
Price per square meter 7 177.22 €
Floor area 79 sq.m
Total number of rooms 2
Number of bedrooms 1

Additional services

  • Residence permit upon purchase

Description

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

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


Additional features

House's or compound's infrastructure and equipment

  • swimming pool
  • secured area

Apartment details

  • balcony/terrace

Representative

Yana Dziuba
Manager customer service
Languages: english
Show phone number



Cost of accomodation in Algarve

Cost of accomodation in Algarve
Restaurants
Cappuccino (regular) 2.01 €
Coke/Pepsi (0.33 liter bottle) 1.64 €
Domestic Beer (0.5 liter draught) 2.00 €
McMeal at McDonalds (or Equivalent Combo Meal) 5.95 €
Meal for 2 People, Mid-range Restaurant, Three-course 38.00 €
Meal, Inexpensive Restaurant 12.00 €
Water (0.33 liter bottle) 0.95 €
Imported Beer (0.33 liter bottle) 3.25 €
Markets
Apples (1kg) 0.95 €
Banana (1kg) 1.00 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 9.50 €
Bottle of Wine (Mid-Range) 4.00 €
Chicken Fillets (1kg) 5.00 €
Domestic Beer (0.5 liter bottle) 0.92 €
Eggs (regular) (12) 1.82 €
Lettuce (1 head) 1.00 €
Loaf of Fresh White Bread (500g) 1.46 €
Local Cheese (1kg) 10.00 €
Milk (regular), (1 liter) 0.81 €
Onion (1kg) 1.80 €
Oranges (1kg) 1.25 €
Cigarettes 20 Pack (Marlboro) 5.00 €
Potato (1kg) 1.28 €
Rice (white), (1kg) 1.00 €
Tomato (1kg) 2.11 €
Water (1.5 liter bottle) 1.02 €
Imported Beer (0.33 liter bottle) 1.00 €
Transportation
Gasoline (1 liter) 1.79 €
One-way Ticket (Local Transport) 1.68 €
Taxi 1hour Waiting (Normal Tariff) 15.00 €
Taxi Start (Normal Tariff) 2.50 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26 000.00 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 29 000.00 €
Rent Per Month
Apartment (1 bedroom) in City Centre 1 100.00 €
Apartment (1 bedroom) Outside of Centre 763.92 €
Apartment (3 bedrooms) in City Centre 2 205.27 €
Apartment (3 bedrooms) Outside of Centre 1 281.90 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 18.50 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 100.00 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 32.00 €
Sports And Leisure
Cinema, International Release, 1 Seat 7.00 €
Fitness Club, Monthly Fee for 1 Adult 34.50 €
Tennis Court Rent (1 Hour on Weekend) 10.00 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 71.39 €
1 Pair of Men Leather Business Shoes 70.51 €
1 Pair of Nike Running Shoes (Mid-Range) 72.35 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 37.45 €
Childcare
International Primary School, Yearly for 1 Child 12 300.00 €
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 350.00 €
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 3 100.00 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 1 040.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.38 %

Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.

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