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Algarve Resort with 7-10% guaranteed yield

Algarve

1

 Floor(s)

Algarve Resort with 7-10% guaranteed yield

Algarve

1

 Floor(s)

Reference number   -
GCH1111
Price
€ 
400,000
Area
1000
 m2
Bedroom(s)
279

Located directly on Dona Ana beach, rated as one of the best beaches in the Algarve region of Portugal. The hotel will have 279 freehold studio apartments. The apartments are priced starting at EUR 418,000 for two apartments Refurbishment is planned for 2021/23 with the hotel reopening in October of 2023. The property will be […]

ABOUT THIS PROPERTY:

  • Located directly on Dona Ana beach, rated as one of the best beaches in the Algarve region of Portugal.
  • The hotel will have 279 freehold studio apartments.
  • The apartments are priced starting at  EUR 418,000 for two apartments
  • Refurbishment is planned for 2021/23 with the hotel reopening in October of 2023.
  • The property will be managed by the Marriott group under the Sheraton brand.
  • The IR group is granting an annual minimum return of 7% (up to 10% depending on occupancy rate) which will start from the first year of operations October of 2023.
  • There is no condominium (maintenance) fee for the first 30 years.
  • The IR group offers a buy back option between 5 and 7 years after the opening of the Hotel .
  • The property can be used for 14 nights per year between October and  May.
Expert
Comment
This project combines everything that most of Golden Visa investors are looking for: freehold ownership, 7-10% annual yield, optional guaranteed buyback.
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Location of the property

Portugal’s southernmost region is known for its Atlantic beaches and golf resorts. It is a region blessed with glorious sandy beaches, and picturesque fishing towns and every year attracts millions of tourists from all over the world.

Algarve
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