Investment, Hotel apartments near the beach in Lagos with high yield

Apartment in Lagos, Western Algarve
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Quick Summary

Reference:
LBR
Region:
Western Algarve
Location:
Lagos
Price:
€169 000
Property Type:
Apartment
Built Area:
48 m2
Plot Size:
m2
Bedrooms:
1
Bathrooms:
1
Pool:
Communal
Airport:
90 km
Golf:
5 km
Beach:
0,1 km

Property Description

This unique Hotel Resort is currently under renovation and is offering now freehold touristic apartments for sale, managed by Sheraton Portugal, Algarve. Prices start at 169.000 Euros. This property investment product was designed to reduce the investments risk and to grant high profit with a guaranteed yield of 7% rising up to 10% depending on the resort occupancy rate. The Hotel Management confirmed an annual forecast occupancy rate of 60-65%. The purchaser can also benefit from free condominium costs in the first 30 years and 14 nights of annual leave. The refurbishment of the hotel is planned for 2019 and 2020, with the hotel reopening in the 3rd quarter of 2021. An investment of 350.000 Euros enables to apply to the Golden Visa program for the whole family. The pleasant and safe Lagos city is located just a few minutes from the Hotel. The luxurious Hotel Resort is located near the beach with idyllic and magical landscapes scenarios and pedestrian sidewalks. Freehold apartments / Guaranteed profitability of 7% up to 10% / No condominium and maintenance costs for 5 years / 14 nights of annual leave Energy certificate class In Progress.

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