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
€
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 […]
- 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
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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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.
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YP Algarve 280k Freehold Hotel Apartments with ROI & Buyback
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Yes
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