1 Bed Apartment for sale
Lagos, Lagos, Algarve, Portugal
Full Description
Lagos Beach Resort & SPA occupies a prime position at the picturesque Dona Ana Beach in Lagos, elected as one of the best beaches in Portugal.
The four-Star hotel will start re-construction in early 2020, and will be managed by a leader in the hotel industry, the Sheraton. The resort will offer luxurious common areas including a Rooftop Restaurant & Pool, Restaurant with Executive Lounge, Spa Experience, Health Club, Event Rooms with catering facilities, Kid’s Club, Zen Garden and Car Parking.
The hotel rooms will be totally furnished, and equipped with air-conditioning, flat-screen televisions, and a fridge. The rooms will have a private balcony and fantastic sea views.
And all 279 rooms are available for independent freehold ownership with superb conditions for investment as follows:
• Guaranteed annual yield of 7%, and up to 10% depending on the occupancy rate
• Optional buyback
• No condominium and maintenance costs for 30 years
• 14 days of annual usage
• Eligible for Golden Visa providing a minimum investment of €358,000
The Hotel’s construction is planned for 2020, with the work to be concluded by close of 2021.
All in all, this project is ideal for investors. It will offer one of the highest return with minimum risks!
Read more
