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Apartment for sale

Lagos, Algarve, Portugal

£136,048 *


Property Details

  • Bedrooms: 0
  • Bathrooms: 1


  • Air conditioning
  • Elevator
  • Garden
  • Furnished
  • Swimming pool

Full Description

Luxury touristic apartments in a 4* Hotel at 150 meters of a beautiful beach and at only 1 kilometer of the old town and centre of Lagos.

These apartments consist of a bedroom with air-conditioning, flat screen TV and built-in wardrobe with kitchenette. Through the sliding doors you have access to the balcony. The bathroom comes with a spacious walk-in shower.

The building is currently under renovation and the hotel is planned to re-open in the 3rd quarter of 2021.

These studio apartments are sold as freehold apartments with a guaranteed rental income from 7% up to 10%. When the occupancy rate of the hotel goes up, the ROI for property owners also goes up:

- Less than 70% occupancy, ROI is 7% (this is the guaranteed minimum ROI)
- Occupancy higher than 71% , the ROI is 8%
- Occupancy higher than 81%, the ROI is 9%
- Occupancy higher than 91%, the ROI is 10% which is the maximum.
If you are purely looking for an investment property, this is the ideal concept. You know what your guaranteed ROI will be and it can even grow up to 10%.

There is no condominium charge and maintenance costs for 15 years and the rentals will be done by the Hotel Management Program. As an owner you receive up to 10% return on your investment and the whole rental process is being taken care of for you.

As an owner you can use the apartment yourself for 14 days per year in the first 15 years. And the hotel is offering optional buyback if you wish to sell your apartment.

Owners and guests have access to the following facilities:
- Rooftop Restaurant & Pool
- Restaurant with Executive Lounge
- Health Club
- Spa Experience
- Indoor and Outdoor Pool
- Zen Garden
- Modern and Fresh Event Rooms with catering facilities
- Kid's Club
- Car Parking

There is a total of 279 fully renovated, touristic apartments run by the Hotel Management Program. If you are looking for your own holiday home, this is not the right property, but if you are looking for purely investment, this is ideal for you.

The hotel is ideally located at 150 meters of a beautiful beach, which has been elected by Tripadvisor as "best Portuguese beach". Also the centre and marina of Lagos are very close by.
Lagos is a vibrant town with many restaurants, bars and shops of which most of them being located in the beautiful historic buildings in the centre of the town.
Adjacent to the town centre is the Lagos Marina where you have the possibility to take one of the amazing boat trips to explore the coastline and hidden beaches. or enjoy your coffee on one of the many terraces whilst taking in the views. - REF: SAP895-A

This property listing (ref: SAP895-A) is an advertisement supplied by Divine Home 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 0.9131 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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