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Full details
An exciting new resort development at the entrance to Alvor and close to all local amenities and will offer excellent facilities including a reception desk, outdoor swimming pools and gardens, gymnasium & restaurant/cafe. A great investment opportunity with guaranteed rentals if required in this popular all year round holiday area
Comprising spacious and contemporary designed one and two bedroom apartments which are fully furnished and equipped and have high quality fittings and finishes split air conditioning and heating units to all rooms
Most apartments in the resort are one bedroomed and will be equipped for 4 people. Floor areas are spacious with average 68m2 covered area plus terraces and underground garge parking. There are some two bedroom apartments equipped for 6 people each with approx 100m2 covered area
PRICE GUIDES
One bedroom apartments (Ground 1st & 2nd floors)
From 191,500 euro to 221,00 euro
One bedroom penthouses (3rd floor)
233,000 euro
Two bedroom apartments (1st & 2nd Floors)
250,000 to 259,500 euro
The south facing apartments have a wonderful sea view, the north facing apartments will have lovely views over the Alvor River and the Monchique Hills behind.
OPTIONAL RENTAL GUARANTEE
In this development there will be a property management and rentals company who will be offering a flexible and innovative guaranteed annual income of 2% of the original investment, plus 25% of the real income received for the rental of the property throughout the year - all communal charges are paid for by the company under this scheme which operates on a 3 year or 5 year contract. In addition owners will be offered a 25% discount in all the hotels belonging to the same Hotel group who have resorts in Vilamoura, Albufeira, Praia da Rocha, etc.
Payment terms
30% at promissory Contract
70% at Final deeds and Escritura
Property reference: fapa1999
Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceabroad.com cannot be held responsible for any inaccuracies.
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