Vilamoura Algarve

by Peter Lilliott / 299 views

Golden Visa Eligible Project  in Vilamoura 

 

These units are for sale in the beautiful Algarve region for €295,000. The units are part of a completely refurbished apart-hotel that is eligible for Algarve Golden Visas. 

 

Detailed Information for Vilamoura Property

 

The apart-hotel consists of 19 studios and one-bedroom units and one commercial store. Further, each unit is fully equipped and refurbished with state-of-the-art appliances, Bohemian decorations, and modern touches. 

 

The apart-hotel grounds include a restaurant, lounge area, swimming pool, garden, and reception, as well as other great facilities. Therefore, the grounds are perfectly equipped for both permanent living and luxurious getaways. 

 

Also, the apart-hotel is in an ideal location. It is close to the city center, to supermarkets, the town marina, and other convenient shops. Additionally, the hotel is on a quiet but central street that allows for easy access to all of the good things the city has to offer while retaining a deep sense of tranquility. 

 

Investment Details

 

These Portugal Golden Visa project  for sale is listed for €295,000. The apart-hotel is offering a guaranteed 3% yield or a flexible return. 

 

All units currently available are either T1 or T2 typologies and roughly 35-40m2. Moreover, units are available on the ground, first, and second floors. 

 

Vilamoura Property Location

 

The apartments are in Vilamoura, a resort area that is right in the heart of Portugal’s beautiful Algarve region. The area has a stunning picturesque coastline full of sandy beaches. Tourists from all over Portugal and Europe visit the area for its sophistication and charm. Additionally, Vilamoura is filled with beautiful attractions, such as beaches, marinas, and luscious greenery.  

 

Vilamoura is especially popular among golf tourists. The region has several golf courses, and Portugal has a very developed golf tourism infrastructure. Thus, golfers flock to the region from all over to experience the country’s championship courses firsthand. 

 

Moreover, the Algarve region has a very developed tourism infrastructure. The region attracts families, couples, and single young people from all over Portugal and the world. The region’s buzzing nightlife, fantastic seafood, amazing waterparks, and world-class golf courses make it an ideal destination for tourists from many different backgrounds.

 

The Algarve region is just 45 minutes from Lisbon by plane and just 2.5 hours by train or car. The region’s airport, Faro Airport, has direct flights to 80 European cities, Toronto, and many domestic flights to Lisbon and Porto.

 

  • Listing ID: 75211
  • Enables owner's visa-free travel to:: EU/Schengen
  • Price range: US$250,000 - US$500,000
  • Ownership type: Freehold, Shares
  • Minimum holding period to maintain residence/citizenship status: 5 years
  • Construction status: Under construction
  • Property type: Other
  • Income-generating property: Yes
  • Annual maintenance costs borne by the buyer: Yes
  • No. of rooms: 1
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