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For sale luxury apartments in Lisbon, Portugal!
This upscale apartment complex, featuring contemporary designs and situated in a coveted location, offers stunning views of the Tagus River. It serves as the perfect vantage point for indulging in Lisbon’s rich historical, cultural, and culinary offerings.
Strategically positioned, the complex boasts direct pedestrian access to the riverfront via a bridge, enhancing its allure and accessibility. It comprises a selection of fully furnished apartments, ranging from one to three bedrooms. Each unit is complemented by spacious balconies that frame the picturesque river vistas.
Residents will have the privilege of enjoying top-tier amenities, including a rooftop restaurant and bar that affords panoramic views, a wellness spa, a fitness center, versatile meeting spaces, and convenient parking facilities.
Operated by a renowned hotel brand, this development introduces 108 luxurious riverfront residences, promising a compelling investment opportunity. It guarantees a return on investment and eligibility for Portugal’s Golden Visa program, offering residency in exchange for investment.
Ownership of these exclusive residences comes with enticing benefits. Situated near Lisbon’s heart, the apartments are bound by a 20-year mandatory tourist lease agreement, ensuring a minimum guaranteed return of 3% for the initial decade. Owners are granted usage rights for four weeks annually, with specified restrictions during peak and off-peak seasons.
The financial arrangement excludes tourism-related expenses from the gross income. Profits, post-expense deduction, are equitably distributed among owners, based on apartment size. This applies unless the apartment serves as a private residence. In such cases, income shares are adjusted to reflect the absence of rental income, after accounting for all associated hotel service and amenity costs.
The agreement also outlines the deduction of ownership expenses, including condominium fees, insurance, and a reserve fund contribution, set at 5% of the total. Should the net income fall below the guaranteed threshold, the managing company compensates the shortfall. Conversely, excess earnings are directly passed on to the owner.
The project is slated for completion in the second quarter of 2021, with annual ownership costs detailed as follows: For a one-bedroom (T1) apartment, insurance is €1,200, and condominium fees are €365; a two-bedroom (T2) unit incurs €1,700 for insurance and €512 for condominium fees; and a three-bedroom (T3) apartment is subject to €3,250 in insurance and €975 in condominium charges.
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