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Apartments in the hotel of the thermal spa resort

Portugal, Algarve
ID PRT54187
Object sold
Apartments in the hotel of the thermal spa resort
from €280,000

from 25 m² • from €6,020 m²

Portugal, Algarve
from 25 m²
1 bed
1 bathroom
ID PRT54187


Property cost €280,000 – €295,000
Price for m2 €6,020 – €11,200
Purchase taxes IMT - 6,5%; IMI - 0,3-0,8%
State fees 0,8%
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Ocean 19km
Airport 79km
Infrastructure 200m

Yield and management

Yield 3—4%
Property management Yes


The project is represented by a resort spa complex in the Algarve, which is located in the Serra de Monchique natural reserve. This hotel complex is famous for its thermal springs, which were once in great demand among the ancient Romans. The complex consists of 4 hotels, which are located in the buildings of the 19th century.

There are 1-bedroom apartments ranging from 25 to 49 sqm from €280,000 to €295,000 in a 4-storey building of the complex. Reconstruction of the building started in November 2022 and will be finished in summer 2023.

Property management contract will be for a period of 5 years with the possibility of extension with a guaranteed annual return of 3% to 4%. The owner has the opportunity to spend 15 days per year in the apartment between October and the end of June. Also, the owner of the apartment is provided with a credit of €1,500 for use in any hotel of this chain.

Income payment starts 1 year after purchase.

Reconstruction of the entire complex will be carried out for about 5 years, the hotel will not interrupt its work. Each building is planned to be renovated.

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Real estate

Object type Hotel complex, Apartments, Penthouse
Object category Reconstruction
Object stage Construction
Permits On hand
Construction start date November 2022
Object completion date summer 2023
Design features Ownership
Possibility of stay 15 days a year
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Total area 25 m² – 49 m²
Number of storeys 4
Bedrooms 1
Baths 1
Parking type
Number of parking spaces
View forest
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Public pool
Concierge desk
Garden on the plot


Object sold
from €280,000

from 25 m² • from €6,020 m²

This property has been sold but we can help you find another one.

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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