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Apartments in a 5-star hotel complex with guaranteed rent

Portugal, Algarve
ID PRT54321
Object sold
Apartments in a 5-star hotel complex with guaranteed rent
from €600,000

from 173 m² • from €4,694 m²

Portugal, Algarve
from 173 m²
1–2 beds
1–2 bathrooms
ID PRT54321

Cost

Property cost €600,000 – €920,000
Price for m2 €4,694 – €3,468
Purchase taxes IMT 6-8%; IMI 0,3-0,8%
State fees 0,8%
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Distances

Ocean 20km
Airport 22km
Infrastructure 50m

Yield and management

Yield 5%
Property management Yes

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
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Real estate

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

Total area 173 m² – 196 m²
Number of storeys 4
Bedrooms 1–2
Baths 1–2
Parking Yes
Parking type Underground
Repair Standard
Furniture Furnished
View mountain, plot
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Equipment

Central conditioning
Geothermal heating
Smart home system

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

Object sold
from €600,000

from 173 m² • from €4,694 m²

Zlata Erlach investment
programs expert
Portugal Golden Visa

Real estate is eligible for participation in the program and obtaining a residence permit in Portugal.

Immigrant Invest is the official representative of the program.

€250,000+ Investment amount
2-6 months Obtaining period
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Schedule a meeting

Let’s discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

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