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Grand Algarve Hotel Residences

Quinta do Lago

1

 Floor(s)

Grand Algarve Hotel Residences

Quinta do Lago

1

 Floor(s)

Reference number   -
GCH8532
Price
€ 
534,000
Area
75
 m2
Bedroom(s)
1

Grand Algarve, part of the largest hotel franchise in the world, is offering an exclusive property investment opportunity with a guaranteed annual net return. A limited collection of private residences are now available for effortless ownership.

ABOUT THIS PROPERTY:

Grand Algarve, part of the largest hotel franchise in the world, is offering an exclusive property investment opportunity with a guaranteed annual net return. A limited collection of private residences are now available for effortless ownership.

One of the few properties eligible for Golden Visa, inserted in one of the most prestigious areas/ resorts in Europe – Quinta do Lago; a fully operational five-star hotel residence in the center of Quinta do Lago, the most awarded resort in Portugal.

Quinta do Lago boasts 5 golf courses within the resort, another 7 close by. There are 15 restaurants in Quinta do Lago, from Michelin star fine dining to beach bar lunches, all of which are situated in and around the resort.

Quinta do Lago is situated in the Algarve’s largest nature reserve, Ria Formosa. Because of this, the beaches and access to nature are superb. Here you can enjoy easy walks, cycle rides, kayaking, boat trips, swimming, and surfing. Plus, numerous other activities take place throughout the year. This also means that there will be no further commercial or touristic construction in or around the resort, as it has reached the density quota.

  • 132 one-two – and- three-bedroom freehold apartments and penthouses.
  • All the apartments will be managed, fully furnished, and equipped according to Grand five-star standards.
  • Owners can use their apartment for up to 12 weeks (ad aeternum), with a maximum of 2 weeks in the high season and a maximum of three weeks in the medium season and seven in the low season (winter).
  • When using their apartment, owners have access to all of the Hotel’s services and facilities and have several owners’ privileges and discounts.
  • When owners are not using the apartment i.e., the apartment is automatically available to be rented to guests in a rental pool system managed by Grand Algarve which ensures that the owner will receive a potential high rental income for as long as they own the apartment i.e., until they decide to sell it.
  • Immediate occupancy: Hotel opened on the 28th of May 2021.
  • Price range: 1BDR starts at 534.000€; 2 BDR starts at 705.000€; Penthouses start at 1965.000€. All these prices include furniture, fixtures, and equipment.
  • A 4% return for 5*** years is given to all Owners with deeds done until May 31st, 2022. This 4% is calculated on the price of the apartment (excluding furniture) and is net of all condominium fees & running costs but before taxes.
Expert
Comment
Strong brand, well-known hotel chain, property management with high rental income, prime location in the south of Portugal and freehold ownership.
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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.

Quinta do Lago
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