1 Bedroom Apartments Monchique
Portugal · Faro · Monchique · Monchique
Price
€200,000
Bedrooms
0
Type
1 Bedroom Apartments
Ref
P245430
Property Details
- Country
- Portugal, Faro
- Location
- Monchique, Monchique
- Type
- Resale
- Style
- 1 Bedroom Apartments
- Bedrooms
- 0
- Size
- Not Specified
- Garden
- Not Specified
- Terrace
- Not Specified
1 Bedroom Apartments Monchique
Opportunity: To buy an off-plan property (or bulk purchase) on the first Wellness Resort (Condo-hotel) in Portugal: 195 one-bedroom apartments (condo units) 7 villas
Location: Monchique, Algarve (Portugal) Apartment Prices: From 200.000 € Furniture & equipment pack: 11.500 € + VAT Private Garden Terrace: 9.000 € to 13.000 € (Optional) Construction: Started in January 2008 and planned to end in July 2009 Financing: Up to 80% bank financing (LTV) for Non-Residents Up to 15 years “interest only” schemes Yield: 5% Rental Guarantee over the first 3 years. Projected 6,5% to 7,5% per year, from the third year of tourist operation onwards, based on 65% occupancy rate.
Distinguishing Features:
Location and incredible views over the Algarve Near Thermal waters Low construction density Unique Wellness and Senior Friendly concept Breadth and depth amenities and services Condo-hotel concept (use it when you are there, rent it when you are not) Catered for medium and long stays Environmentally friendly features Superb landscaping and walking trails Near several golf courses and beaches
Francais: Ref. Longevity Wellness Resort
Opportunity: To buy an off-plan property (or bulk purchase) on the first Wellness Resort (Condo-hotel) in Portugal: 195 one-bedroom apartments (condo units) 7 villas
Location: Monchique, Algarve (Portugal) Apartment Prices: From 200.000 € Furniture & equipment pack: 11.500 € + VAT Private Garden Terrace: 9.000 € to 13.000 € (Optional) Construction: Started in January 2008 and planned to end in July 2009 Financing: Up to 80% bank financing (LTV) for Non-Residents Up to 15 years “interest only” schemes Yield: 5% Rental Guarantee over the first 3 years. Projected 6,5% to 7,5% per year, from the third year of tourist operation onwards, based on 65% occupancy rate.
Distinguishing Features:
Location and incredible views over the Algarve Near Thermal waters Low construction density Unique Wellness and Senior Friendly concept Breadth and depth amenities and services Condo-hotel concept (use it when you are there, rent it when you are not) Catered for medium and long stays Environmentally friendly features Superb landscaping and walking trails Near several golf courses and beaches
