Stunning touristic beach apartments in Algarve with guaranteed 7% return and access to Golden Visa

 Portugal Residency / Posted 11 months ago by Pedro Silva / 1099 views

TOURISTIC STUDIO APARTMENTS PRESENTATION – ALGARVE (LAGOS – DONA ANA BEACH) – LAST 71 UNITS FROM 279 FOR SALE PROJECT DESCRIPTION:

  • Project to refurbish the former Hotel Golfinho located in Lagos – Algarve;
  • The Hotel Golfinho was an icon of Lagos Beach during several decades.
  • This new project will upgrade it with a vibrant, modern and irresistible feeling.
  • While refurbishment it allows access to Golden Visa program from 350k.

THE DEVELOPER:

  • It´s a recognized Portuguese company with a large experience and expertise in the refurbishment of hotel projects and projects development.
  • The hotel management will be delivered to “Marriot Hotel Group”, a top-10 worldwide hotel management company.
  • The company goal is to give a new life to lost spaces and create attractive real estate products for investment.
  • The developer have other similar projects in operation.

PROJECT FEATURES:

  • These property investment products were designed to reduce the investment’s risk while granting an attractive return.
  • The developer offer to investors the opportunity for constant, sustained and fair rental returns through the Hotel Management Program.
  • These are freehold apartments with a guaranteed yield of 7% and the possibility to achieve 10% in accordance with the resort’s occupancy rate. In addition, the developer will grant you an optional buyback.

IN SHORT WE HAVE:

  • Freehold apartments.
  • Guaranteed yield of 7%.
  • Optional buyback.
  • No condominium and maintenance costs for 15 years
  • Offer of 14 days of annual leave.

PROJECT HIGHLIGHTS:

  • 279 Touristic apartments with prices between 169.000€ and 229.000€ (only 71 available);
  • Rooftop Restaurant & Pool;
  • Restaurant with Executive Lounge;
  • Spa Experience & Health Club;
  • Modern Event Rooms with catering facilities;
  • Kid’s Club;
  • Zen Garden;
  • Car Parking.

This is a great opportunity to invest in a high quality property with guaranteed return in a magic beach location . An investment above 350.000€ will give you access the Portuguese Golden Visa program. Welcome to Portugal

  • Enables residence and/or citizenship in:: Portugal
  • Enables owner's visa-free travel to:: EU/Schengen, United States (ESTA), United Kingdom, Canada, Hong Kong, Singapore
  • Price range: US$100,000 - US$250,000, US$250,000 - US$500,000, US$500,000 - US$1 million, US$1 million +
  • Ownership type: Freehold
  • Minimum holding period to maintain residence/citizenship status: 5 years
  • Construction status: Under construction
  • Property type: Apartment
  • Income-generating property: Yes
  • Annual maintenance costs borne by the buyer: No
  • No. of rooms: 1
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