Modern flats in a new housing estate in the Algarve area

Published: 01.12.2023 SKU: PRY68512
Price from: €567 000
Area: 79-123 м2
To sea: 7000 м
To airport: 17 км
Property type: Apartments
Country: Portugal, Algarve

One of the best offers to buy flats in the Algarve area, Portugal!

Ownership of a residence within our Residential Complex affords the homeowner exclusive access to contemporary recreational amenities and distinct hotel privileges.

Hotel Privileges for Homeowners Include:

  • Dedicated concierge service
  • Personalized checkout experience
  • High-speed Wi-Fi access
  • Daily housekeeping with bed linen replacement
  • Complimentary three-year membership to the world’s premier association, granting entry to over 240 elite resorts and hotels
  • Preferential discounts on hotel amenities

Residential Offerings:

Our complex features 132 privately owned apartments, available in one and two-bedroom configurations.

Available Layouts and Pricing:

  • Two-bedroom units, measuring 123 sqm, priced at €855,000
  • One-bedroom units, measuring 79 sqm, priced at €567,000

Each apartment is sold fully furnished, complete with high-end appliances. Residents will enjoy spacious balconies or terraces, a fully equipped kitchen, and included parking and storage solutions.

Investment Yield Options:

  • Option A: A guaranteed net rental income of 4% annually for the first five years for purchases completed by 31 May 2022. After this date, a yield of 3.5% per annum is offered for the initial five years. This yield is calculated based on the apartment’s price (excluding furniture), after deducting all apartment fees and operational expenses, but before taxes.
  • Option B: A profitability program offering 42.5% of the net rental income. Homeowners are entitled to 12 weeks of personal apartment use annually under both options, subject to booking restrictions.

The complex opened its doors on 28 May 2021.

Location Advantages:

  • 17 sqm distance from Faro Airport
  • 13 sqm from the center of Lole town
  • 7 sqm from Ancao beach

Infrastructure Highlights:

  • Sports facilities
  • Internal and garage parking
  • Landscaped gardens
  • Children’s playground
  • Swimming pool
  • Banqueting hall
  • Playroom
  • Expansive terraces

This comprehensive offering combines the comfort of modern living with the luxury of hotel-like amenities, all situated in a prime location close to key attractions and natural beauty.

Rest rooms

  • 1 bedroom
  • 2 bedrooms

Features

  • Balcony/Terrace
  • Closed area
  • Garage
  • Garden
  • Playground
  • Pool
  • Security

Interested in purchasing this property?

Write to us and we will contact you to clarify the information

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