Lagos Beach Resort & Spa is situated in front of the Dona Ana Beach, elected the 'best Portuguese beach', by TripAdvisor, with steep and colourful cliffs, crystal clear water and a magnificent sun.
The pleasant and safe Lagos city is located just a few minutes from the Hotel. You can visit its charming historical centre, which has all the commodities that you might eventually need.
Lagos Beach Resort & SPA is located extremely close to the Natural Park Sudoeste Alentejano e Costa Vicentina, with idyllic and magical landscapes scenarios, pedestrian sidewalks and virgin beaches.
The Hotel's construction is planned for 2018 and 2019, with the work to conclude before the summer of 2020.
Lagos Beach Resort & SPA has 279 touristic apartments.
The prices are from €149.000,00 up to €229.000,00.
All apartments will be totally furnished with all the amenities:
*Suites designed with glamour
*Air-conditioned rooms with a 49' flat-screen TV
*Mini fridge, tea & coffee facilities
*Wonderful landscape views
AMENITIES & FEATURES
Lagos Beach Resort & SPA – The four Star hotel will offer luxurious common areas:
*Rooftop Restaurant & Pool
*Restaurant with Executive Lounge
*Spa Experience
*Health Club
*Modern and Fresh Event Rooms with catering facilities
*Kid's Club
*Zen Garden
*Car Parking
INVESTMENT CONDITIONS
1. It is always mandatory to fill out the reservation agreement and pay the € 5,000 within 3 days.
2. The € 5,000 will always be returned/discounted at the time of final payment of the total amount.
3. After a reservation agreement, the customer has 15 days to pay the CPCV (30%).
4. After 15 days to 30 days (maximum) of the CPCV signature, the client will have to pay the remaining 70%.
5. The appointment of the date and time of the public deed is the responsibility of the IRgroup and according to the availability of the Notarial Office.
6. On the day of the public deed, the client will sign the development contract, Regulations of Administration and the tourist lease agreement.
7. The customer is entitled to 14 free nights for his usage (family and friends also can use the apartment on that period as long the owner sent the information in advance).
8. 15 years of condo costs and maintenance exemption.
9. 3% yield from the date of the public deed until the opening of the hotel the client will receive 3% of income and 7% guaranteed after opening the hotel.
10. The 7% is guaranteed and can reach up to 10% if:
* Bed occupancy between: 0% and 69% - 7%
* Bed occupancy between: 70% and 79% - 8%
* Bed occupancy between 79% and 89% - 9%
* Occupation greater than 90% - 10%
11. If the client decides to not proceed with the business between the reserve and the CPCV - he lose the € 5,000.
12. If the client to not proceed with the business between CPCV and public deed - he loses 30% of CPCV
13. The client can sell his fraction at any time after the opening of the hotel.
14. Between 12/20/2025 until 12/20/2026, Irgroup guarantees the repurchase of the fractions, in case the customers wish to sell, for the same amount that they have acquired.
15. Costs of acquisition of property by the customer.
This 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.
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