Property details
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District
Faro (Algarve) -
Province
Loulé -
Town
Almancil
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Area
133 m²
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Price
890.000 € -
Energy Rating
A
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Property code
0103/23 -
Property code
0103/23
Description
A 2-bedroom apartment in a relatively new premium complex in Quinta do Lago.
Owning a home in this complex gives the owner the privilege of having full access to modern leisure services and exclusive hotel benefits.
The apartment has a total area of 85 m², which is divided into:
- living and dining room;
- open space kitchen;
- 2 suites with built in closets;
- a shared bathroom;
- balcony / terrace.
The kitchen is fully equipped.
All apartments have a parking space.
This is an exclusive resort with top-notch sports and recreational activities, 5 world-class golf courses, restaurants, and proximity to beaches, surfing, horseback riding, hiking trails and many other activities all in one place.
Certain amenities and services can be accessed at the resort, such as:
Concierge;
Individual check-in;
High-speed Wi-Fi;
Daily maid service with bed making service;
Free 3-year membership to the world's largest luxury exchange program, including over 240 of the world's finest vacation properties;
Discount on hotel services.
The properties will be managed by an international brand.
There are two profitability options:
Option A:
Guaranteed net rental income of 4% per year for the first 5 years, less all condo and operating expenses, but before taxes (excluding furniture).
Option B:
A yield program of 42.5% of net rental income.
In both options, each owner has 12 weeks of private use of the apartment in both options, with reservation restrictions.
The apartment is located 20 minutes from Faro airport!