Apartments in a hotel complex in the central part of the Algarve
Portugal, Algarve
from €517,000
80 m² • from €6,462.5 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
€517,000 — €1,830,000
Price for m²
€6,462.5 — €7,233.2
Purchase taxes
IMT - 6-8%; IMI - 0,3-0,8%
State fees
0,8%
Distances
Ocean 3 km
Infrastructure 50 m
Airport 18 km
Yield and management
Yield
4%
Property management
Yes
We will help you sell the object if you decide to exit the investment
Description
The project is represented by a hotel complex that takes center stage in the luxury resort of Quinta do Lago, an award-winning golf, leisure and lifestyle estate located in the heart of the Algarve. The estate is part of the protected coastal lagoon of the Rio Formosa Natural Park, surrounded by 60 km of natural beauty that supports an active and healthy lifestyle.The hotel consists of 132 private apartments with 1, 2 and 3 bedrooms. All apartments have a spacious balcony or terrace, a fully equipped kitchen, 1-2 dedicated parking spaces and a storage space. All apartments are refurbished in 2021, designed to the highest standards, with textured wall coverings, high-quality cotton linens, contemporary furnishings, and the latest Wi-Fi and entertainment system. Each living room has a convertible sofa bed and a fully equipped kitchen with a dishwasher, microwave and espresso machine. Each bedroom has an ensuite bathroom and an additional toilet with shower, ideal for families.Enjoy hotel life, with a spacious gym, exclusive spa with heated indoor pool, jacuzzi, steam room and sauna, kids club, dedicated residence concierge and many other 5-star services. Enjoy a lunch that focuses on the quality and freshness of the ingredients.The owner can use his property up to 12 weeks a year during the high, mid and low seasons. The rest of the time the apartments will be given to the rental pool.Guaranteed net rental income is 4% for 5 years.Ownership Benefits:
- 10-20% discount in all restaurants, bar and spa of the hotel.
- Free use of indoor and outdoor pools, sun loungers, gardens, towels.
- Free use of selected spa services: saunas, jacuzzi and Turkish bath.
- Free use of the gym.
- Free use of the kids club.
- Parking
- Special rate for residents at the Quinta do Lago golf course (North, South and Laranjal).
Real estate
Object type
Object category
New
Object stage
Ready
Permits
Yes
Design features
Ownership
Characteristics
Total area
80 m² — 253 m²
Number of storeys
2
Land area
Open
Bedrooms
1—3
Baths
2—3
Parking
Yes
Renovation
Standard
Furniture
Furnished
View
Forest, Pool, Garden
Properties
Balcony
Covered deck
Public pool
Pantry
Concierge desk
SPA
Gym
Kids club
Sauna
Garden on the plot
Security
Terrace
Internet
TV
