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Full details
A quality new development with shared pool close to the beach and marina of Praia da Rocha & Portimao waterfront comprising 54 studio and one bedroom apartments in a contemporary 12 storey building. Very well equipped and finished with installed air conditioning, cable TV and fitted kitchen complete with appliances plus large verandas with nice views.
The top 5 floors of the development operates as a 3 star aparthotel and the rest of the floors are all private freehold owners. There is a shared outdoor swimming pool and small garden area plus private underground parking with lift access to all floors, The ground floor has 24/7 reception and security plus a small cafe. Located just a few minutes from Praia da Rocha beach and Portimao waterfront in a quiet residential area well served by public transport, shopping centres, local shops, restaurants and bars.
Apartments are spacious and well designed - featuring fully fitted kitchens with electric hob, oven and extractor - there is also plumbing installed ready for a dishwasher, washing machine if required and a space for a fridge freezer. Multi-function air conditioning & air heating units are installed as standard, and buyers can purchase a very nice furniture, lighting and kitchen equipment package at the same standard as the aparthotel for approx 5000 euro installed.
The build quality and overall package in this development is excellent and the favourable pricing makes it an excellent investment.
Price guides - October 2007
Studio Apartments - A choice of two at 84,500euro
One Bedroom apartments - A choice of five From 95,000 euro to 111,000 euro
The developer is also offering freehold owners an optional guaranteed 4% rental programme if required - the terms of this guarantee restrict owners to just 4 weeks personal use per year exclusively in the low season months. If it is your intention to use the apartment solely for capital growth and income from rental this might be an interesting option - however if you have ambition for personal use in high season this probably isn't a programme you should consider.
The location of the development offers very easy access to all local amenities and the areas main attractions including the beaches of Praia da Rocha & Praia da Vau, the new marina, casino and the riverside area of Portimao. None of the apartments have direct sea views, and the solar orientation of the apartments varies from South, East & North
Payment terms30% Deposit at Promissory contract
75% at Final Deeds and Escritura
All apartments are sold new, and are key ready for immediate use
Our Ref - GV-RFP
Property reference: fapa_Dev1954
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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