Hotel apartments with guaranteed yield
Portugal, Algarve
ID PRT58316
Object sold
Hotel apartments with guaranteed yield
from €300,000
from 83 m² • from €4,348 m²
Portugal, Algarve
from 83 m²
1–2 beds
1 bathroom
ID PRT58316
Cost
| Property cost | €300,000 – €600,000 |
| Price for m2 | €4,348 – €3,614 |
| Purchase taxes | IMT - 6-8%; IMI - 0,3-0,8% |
| State fees | 0,8% |
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Distances
Ocean 1km
Airport 73km
Infrastructure 200m
Yield and management
| Yield | 4—5% |
| Property management | Yes |
Description
For sale are spacious apartments in a hotel located within walking distance from the popular beach of Praia da Rocha. The hotel offers beautiful views of the village of Ferragudo, the city of Portimão and the Serra de Monchique. The nearest international school is located 16 km from the hotel.
For sale are 9 1-bedroom apartments for €300,000 (€275,000 for an apartment and €25,000 for a set of furniture and finishes) and 2 apartments with 2 bedrooms for €600,000 (€560,000 for an apartment and €40,000 for a package furniture and decoration). The project is eligible for the €400,000 option.
– Less than 5 minutes to restaurants, pharmacies, supermarkets and services;
– 5 minutes walk to the Parc Infantil e Desportivo;
– 11 minutes walk to the Marine Club of Portimão;
– 14 minutes walk to the Casino Hotel Algarve;
– 15 minutes walk to Praia da Rocha;
– 15 minutes walk to Marina de Portimão.
The hotel also has several swimming pools, a gym, restaurants and a children’s area.
This apartment is an excellent choice for holidays and investment (10-year management contract). With the guaranteed rental option, the owner can live free of charge in the apartment 7 days a year for the duration of the contract, while the client does not receive rental income during the period of stay in the apartment.
Years 1 to 5: 4% return on total investment
Years 6 to 10: 5% return on total investment
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Real estate
| Object type | Apartments, Hotel |
| Object category | Resale property |
| Object stage | Ready |
| Permits | On hand |
| Year of construction | 2004 |
| Design features | Ownership |
| Possibility of stay | 7 days per year |
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Characteristics
| Total area | 110 m² |
| Number of storeys | 5 |
| Bedrooms | 1–2 |
| Baths | 1 |
| Parking | Yes |
| Repair | Standard |
| Furniture | Furnished |
| View | city, pool, garden |
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Equipment
Split system conditioning
Properties
Elevator
Balcony
Public pool
Pantry
Gym
Kids club
Garden on the plot
Internet
TV
Restaurant
Location
Object sold
from €300,000
from 83 m² • from €4,348 m²
Zlata Erlach investmentprograms 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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Zlata Erlach
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