Invest €350,000 in a 4* Resort & Spa, and Qualify for Portuguese Residence & Citizenship. Optional Buy Back plus 7-10% Guaranteed Annual Yield.
Fantastic opportunity to invest in a very well known 4* hotel luxury chain located on the picturesque Portugal coast line, in the Algarve. This absolutely stunning resort has a selection of hotel apartments to purchase, prices starting from just €129,000, and also offering a generous guaranteed rental scheme.
It is a hugely popular area with a touristic market and there is a great demand for a new quality hotel as the resort is almost always at full capacity during the summer months. Currently under renovation, the project will be ready for operation in 2020.
The Resort & Spa is situated next to the Dona Ana Beach, elected the “best Portuguese beach”, by TripAdviser, 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 need. The Lagos’s county has adopted the Cittaslow trend, which promotes a moderate lifestyle in order to achieve a better quality of life.
The 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.
- During renovation in 2018 and 2019, the investor receives a guaranteed yield of 4%
- Once under operation in 2020, the investor receives a minimum guaranteed rental yield of 7% to 10% per year
- Included are 14 days of personal usage per year for free
- An optional buy back offered by the resort after 5 years for 100% of the purchase price
- Freehold apartments
- Bank Guarantee issued by Portuguese Bank
- No condominium and maintenance costs for 15 years
All apartments will be totally furnished with all amenities
279 Tourist Apartments
Suites designed with glamour
Air-conditioned rooms with a 49’ flat-screen TV
Mini fridge, tea & coffee facilities
Wonderful landscape views
Renowned Hotel Group – Excellent Reputation
Luxurious common areas
Rooftop Restaurant & Pool
Restaurant with Executive Lounge
Spa Experience and Health Club
Full Sea Views
Investors buying property in this resort may qualify for the reduced investment threshold of €350,000, as the resort is over 30 years of age and currently being renovated to high standards. Investors could purchase a number of units in this project to make up the required amount of €350,000, and thus meet the qualifying requirement.