The renowned Formosa Park Hotel Apartments, nestling in the protected Ria Formosa Natural Park overlooking the Atlantic ocean, are being totally renovated and refurbished to provide an incredible investment opportunity for freehold ownership with limited usage rights and rental guarantee.
Just 15 minutes from Faro Airport, the luxury hotel apartments are set in prime coastal real estate in the heart of the prestigious Golden Triangle, near award-winning golf courses, within walking distance of stunning Blue Flag Ancao beach and a short drive to shops and restaurants.
Completion expected towards the end of summer 2020 to modernise 61 luxury one- and two-bedroom apartments and prime penthouse suites, with pool, garden or ocean views. The one bedroom apartments have 67m2 of floor space and the prices start from 250.000€ up to 550.000€.
Already acknowledged as a quality resort in the region, the Formosa Park renovations will take the resort to new levels of luxury and the elegant, contemporary architecture and decor will blend seamlessly with the breathtaking natural environment. Resort facilities include a spa, restaurant and bar, pools, children's playground, tropical garden, 24hr reception, golf shuttle and privileged access to San Lorenzo and Pinheiros Altos courses.
Buyers are ensured an annual minimum return on investment of 5% of the sale price for the first three years, with a right to use the apartment up to 15 days a year (excluding 15th June - 15th Seprtember).
*The feature(s)/equipment(s) mentioned in this description, are subject to verification and agreement between the prominent vendors and buyers.
Energy Rating: In progress
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