Apartments in a 5-star hotel complex with guaranteed rent
Portugal, Algarve
from €600,000
173 m² • from €3,468.21 m²
Elena Kozyrevaexpert of the Portugal residence permit program for investment
Portugal D7 Visa
4+ months€820+Portugal does not grant residence permits for investments in real estate under the Golden Visa program.
However, property purchase or rental is obligatory when obtaining a residence permit under a D7 visa.
Learn moreCost
Property cost
€600,000 — €920,000
Price for m²
€3,468.21 — €4,693.88
Purchase taxes
IMT 6-8%; IMI 0,3-0,8%
State fees
0,8%
Distances
Ocean 20 km
Infrastructure 50 m
Airport 22 km
Yield and management
Yield
5%
Property management
Yes
We will help you sell the object if you decide to exit 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 €61 500 for the 1-bedroom apartment and €86 100 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
Real estate
Object type
Object category
New
Object stage
Construction
Permits
Yes
Object completion date
December 2023
Design features
Ownership
Characteristics
Total area
173 m² — 196 m²
Number of storeys
4
Land area
Underground
Bedrooms
1—2
Baths
1—2
Parking
Yes
Renovation
Standard
Furniture
Furnished
View
Mountain, Plot
Equipment
Geothermal heating
Central conditioning
Properties
Covered 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
