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2 Bed Apartment for sale

Almancil, Algarve, Portugal

£631,029 *


Property Details

  • Bedrooms: 2
  • Bathrooms: 2
  • Habitable space: 135 m2


  • Pool
  • Lift
  • Double Glass
  • AC
  • Shared Pool

Full Description

The Formosa Park Hotel apartments will be modern and luxurious residential units. Totally renovated, furnished and equiped, these magnificient apartments are literally on top of the ocean and within walking distance of one of Algarve's best beaches - Ancão Beach.
The development comprises 61 luxury apartments, of one or two bedrooms (T1 or T2), with areas ranging from 67sqm to 165sqm. Many of the apartments have a superb view of the blue ocean and others over the soothing view of mature pine trees and gardens.
Works will start at the end of 2018 and will be ready for the summer of 2019.
There will be a wonderful Rooftop terrace which will embrace a theme Air, Fire, Water, with stunning views from all locations.
Formosa Park Hotel Apartments ensure a return on investment with an annual minimum of 5% in the first three years, with a right to use the apartments up to 15 days a year (except for the period between 15/06 to 15/09) . After the 3 year period, owners will continue to share in the rental revenues of the resort. An apartment in Formosa is the ideal investment for obtaining a residence visa in the Schengen area (Golden Visa) or as simple capital investment in real estate in a prime location.
Typologies and prices:
T1 from €250.000,00 up to €500.000,00
T2 from €620.000,00 up to €1.400.000,00
*Playground for children
*Resturant and Bar
*Communal Pool
*Tropical Garden
*Reception 24h
*Privileged access to San Lorenzo and Pinheiros Altos golf courses
*Easy access to the beaches (walking or by shuttle)
*Golfe Shuttle
#ref: APA_1789

This property listing (ref: APA_1789) is an advertisement supplied by Infinito Real and does not constitute property particulars. While (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. recommends seeking independent legal advice prior to any overseas property purchase.

*Based on an exchange rate of 0.9015 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.

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