Apartments in a 5-star hotel complex with guaranteed rent

Apartments in a 5-star hotel complex with guaranteed rent
Portugal, Algarve
ID – PRT54321
Price
from 609 200 €
Size
from 168 m²
Beds
1-2
Bathrooms
1-2

Price

Selling price 609 200 € - 1 336 100 €
Cost m² 4 242 € - 3 626 €
Purchase taxes IMT 6-8%; IMI 0,3-0,8%
State fees 0,8%

20km

to the ocean

22km

to the airport

50m

infrastructure

Profitability and management

Real estate yield (year) 5%
Property management Yes

Assistance in the sale of the object upon exiting the investment!

Description

The project is represented by luxurious residences in a 5-star hotel complex located in the small town of Loule in the heart of the Algarve. The A22 motorway with links to Lisbon or Spain is a 10-minute drive away. The beaches can be reached in 20 minutes. The Residences are 65 1- and 2- bedroom apartments spread across 18 buildings in the main village. The highest quality finishes with stone and wood elements are combined with stunning views.

Each room is fully furnished (set price of €55,350 for the 1-bedroom apartment and €79,950 for the 2-bedroom apartment included in the apartment price) and equipped, including designed kitchens, living rooms, bedrooms, bathrooms and terraces. Residences have private pools and jacuzzis.

The owner is given the opportunity to stay at the hotel for 10 weeks a year (in different seasons). Minimum guaranteed rent is 5% per year for 5 years, paid 2 times a year.

Additional characteristics:

  • Smart climate control based on geothermal technology with floor heating in all bathrooms
  • Smart LED lighting throughout the home
  • Fully equipped kitchen
  • TV with access to international channels and high-speed Internet access
  • Underground parking for 40 cars with access to charging for electric vehicles
  • Landscape gardens with automated lighting and irrigation
  • Fire alarm sensor
  • Availability of a CCTV camera system for public areas
  • Security service 24/7

The property

Object type Hotel complex, Apartments
Object category New house
Object stage Construction
Permits On hand
Construction start date 2020
Object completion date spring 2023
Design features Ownership
Possibility of stay 10 weeks a year

Characteristics

Total area 168 m² - 315 m²
Number of storeys 4
Bedrooms 1-2
Baths 1-2
Parking Yes
Parking type Underground
Repair Standard
Furniture Furnished
View mountain, plot

Equipment

Conditioning Central
Heating Geothermal
Smart home system Yes

Properties

Сovered deck Open deck Private pool
Public pool Concierge desk SPA
Gym Kids club Sauna
Garden on the plot Security Underfloor heating
Terrace Solar panels Internet
TV

Location

Portugal, Algarve

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Svetlana
Gorchakova

Sales Director