1 Bed Apartment for sale

Quinta do Lago, Algarve, Portugal

£221,494

 [€250,000]

Property Details

  • Bedrooms: 1
  • Bathrooms: 1
  • Habitable space: 67 m2

Features

  • Annual return on investment guaranteed 5% for 3 ye
  • Renovated apartments
  • Fully furnished & equipped
  • 24hr reception
  • Restaurant & bar
  • Communal pools / Spa
  • Gardens / Childrens play area
  • Great investment

Full Description

Annual return on investment guaranteed 5% for 3 years. ONE BED APARTMENTS IN STUNNING LOCATION.

One bed view options:
Garden from € 250.000 - € 450.000
Swimming pool from € 390.000 – € 455.000

** NEW OPPORTUNITY ** FULLY REFURBISHED ** PROPERTY INVESTMENT PRODUCT ** READY SUMMER 2019

The Formosa Park Hotel Apartments consist of 61 luxury apartments, a combination of one and two bedrooms, with living areas from 67sqm to 135sqm. This new concept is set up as a "Boutique" Apartment arrangement - all within EASY Walking Access To Ancao BEACH. They also uniquely have Special GOLF Entitlements as part of the JJW Hotels Group on 2 local courses (Pinheiros Altos and San Lorenzo).

These great Apartments have a choice of views, to the sea, the pool area and the mature pine trees and gardens at different entry level points.

All the apartments will have been REFURBISHED by Summer 2019, fully equipped & furnished, modern & luxurious with large interior & exterior spaces. There will be additional communal terraces each embracing a theme Air, Fire, Water, Garden. Stunning Views from all locations.

The onsite Resort facilities will include a spa, restaurant & bar, swimming pools, a children's playground, garden, 24hr reception, golf shuttle and privileged access Golf rates to San Lorenzo and Pinheiros Altos courses.

Works will start at the end of Summer 2018 to have everything fully functioning in the Summer of 2019.

During the guaranteed period, the purchaser can use 15 days per year*, subject to reservation done 2 months before and to availability.

*Period between the 15th June and 15th September is excluded from personal use.

The opportunity to own a luxury apartment in Formosa Park is an ideal investment for : obtaining a residence visa in the Schengen area (Golden Visa) or for the NHR (Non-Habitual Residency status) tax regime, or as a holiday home, or as a simple capital investment in real estate in a prime location.

This is the only guaranteed Rental Income product currently available in the Golden Triangle. Low Running Costs.

The purchasing process :
1) Reservation €10.000 ?
2) Promissory Contracts 25% less €10.000 ?
3) Interim Payment 25%, 6 months after Promissory Contracts ?
4) Balance of 50% with Keys ?

Let Me Help You With Your Property Search!

My name is Rebecca Nixon and I work as a Sales Consultant for Vendici Properties – one of the largest Real Estate Agents in The Central Algarve. We specialise in all types of properties for the complete range of budgets. We are not a large Call Centre Operation – our feet are on the ground here in the Central Algarve and we have the vital local knowledge which other Property Companies just don’t have.

The type of service that we provide is very much focused on YOUR NEEDS. I appreciate that locating the ideal property at a good price is important but I also try to bridge the gap – helping you navigate through the legal process of “Purchasing A Property In Portugal” as well as explaining what needs to be done once you have made your purchase.

We see ourselves as a “one stop shop” for all your property needs. I also like to believe that we offer the “Best Customer Service”!

Prior to your visit to the Algarve I aim to provide you with all the necessary information you need to help find your ideal home. We use Google Maps for all our properties with street view where possible – as well as the innovative use of You Tube Videos showing a walk through of the properties from our own You Tube Channel.

We cover the resorts, from Vale do Lobo to Quinta do Lago, as well as all of the urbanisations. All are very important to us and I would love to share all my knowledge with you on what is a very special part of The Algarve.

Reasons To Invest:
• Central Algarve is a great place!
• Good proximity to Faro International Airport
• Stunning Beaches / Restaurants
• Strong Rental Investment Market
• … Most Important I Am Here To Help You!
This property listing (ref: VFA605) is an advertisement supplied by Vendici Properties and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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