Residence fivestar resort

The object features luxury residences in a 5-star hotel complex located in the small town of Loule in the heart of the Algarve. The A22 motorway, leading to Lisbon or Spain is 10 minutes' drive away. Beaches are a 20-minute drive away. 

The residences comprise 65 1 and 2 bedroom apartments spread across 18 buildings in the main village. The highest quality finishes combine stone and wood elements with stunning views. Each room is fully furnished (furniture set price €61,500 for 1-bedroom apartments and €86,100 for 2-bedroom apartments is included in the apartment price) and equipped, including immaculately designed kitchens, living rooms, bedrooms, bathrooms and terraces. Residences feature private pools and Jacuzzis. The owner has the opportunity to stay at the hotel for 10 weeks a year (in different seasons). Minimum guaranteed rent of 5% per annum for 5 years, payable 2 times a year.

Additional characteristics:

• Smart climate control based on geothermal technology with underfloor 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
• Landscaped gardens with automated lighting and watering
• Fire alarm sensor
• Availability of a CCTV camera system for public areas
• Security service 24/7.