FAPO_ALG_050 in Monchique, Faro, Algarve
This luxury spa-resort will be the first Condominium concept hotel in Portugal. With incredible views, surrounded by stunning countryside, this is a unique opportunity to purchase.
A few minutes walk from the small village of Caldas de Monchique, this resort will have landscaped gardens and trails and communal swimming pools.Only 3 storeys high, this development will be built and finished to the highest of standards.
10 Reasons to buy a property on this development
01 A hassle-free second home ownership (condo-hotel model) in an outstanding Location:
* incredible views over the Algarve
* preserved region with low construction density
* near Thermal waters
* superb landscaping and walking trails
02 Freehold property with Low Cash Investment(bank financing of up to 80%)
03 Guaranteed Return On Investment (5% during first three years), 6,5% to 7,5% estimated annual return on investment per annum from the third year of operation onwards based on a 65% occupancy rate.
04 Higher potential for Capital Appreciation: condo hotel units worldwide have been appreciating at a faster rate than single-family homes and condos in the same areas.
05 Integrated Wellness concept with a Longevity Anti-ageing SPA: wide range of services covering state-of-the-art comprehensive diagnosis, repair and anti-ageing consultation and treatments, anti-stress and slimming programmes in an exclusive partnership with La Clinique de Paris/Dr. Claude Chauchard
06 BEST DEVELOPMENT award in 2008 for Portugal from the highly prestigious CNBC EUROPE & AFRICA PROPERTY AWARD
07 Very flexible usage scheme and you may offer your weeks to anyone you want
08 Enjoy full access, free of charge, to an incredible set of amenities, including the 600 m2 Spa
09 Environmentally friendly architectural and engineering project
10 Prepared for medium and long stays and built with Senior Friendly features, to capture the fast growing market of Baby Boomers touristic stays
Each 1 bedroom apartment will also have 2 bathrooms, balcony and a fully equipped kitchen.
1 bedroom Apartments with sizes varying from 60 to 90m2 from €200,000.Completion due Mid 2009.
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