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Property for sale information

 
5*Star Palmeira Resort 1br Apartment/7000  
Reference nr: 7000
Description:

The Palmeira Resort
Apartment 84 m²

Year of construction: 2012

The Palmeiras Resort is a private five-star development with all the services and leisure facilities for luxurious Algarve living. Each apartment comes with top of the range extras which are all included in the purchase price. Residents have the peace of mind. of knowing that they have access to twenty-four hour medical assistance and the entire resort contains state of the art technology in home security.

Apartments are purchased freehold and can be bequeathed to immediate family members free of inheritance tax. Potential purchasers can look at The Palmeiras Resort as a wonderful investment opportunity as high-end Portuguese new developments have traditionally shown substantial capital
appreciation. The Palmeira Resort is a secure, idyllic enclave of spectacular one, two and three bedroom apartments and penthouses set in sumptuous
sub-tropical gardens with many of the properties offering panoramic views of the sea and the surrounding countryside. The resort provides residents with an array of amenities including access to the five star boutique hotel, spa, gym and beach club as well as many on-site sport and leisure facilities.
Situated just outside the beautiful and historic town of Tavira and with an abundance of fabulous beaches and international golf courses on its doorstep, Palmeiras Resort will be the Portuguese flagship development for international property developers, CASA AMIGA Group. With a capital investment of over € 200 million, this is by far the most significant project
ever undertaken in the Tavira area. The Palmeiras Resort is for the privileged few who appreciate the highest standards of leisure, services and security in
magnificent sun-kissed luxury. We really have thought of everything, so you won’t have to!

Facilities & SERVICES
Palmeiras Resort prides itself on offering one of the most
extensive ranges of leisure and sports facilities in the Algarve.
5 STAR BOUTIQUE HOTEL
Restaurant
Bar / Café
Shops
Swimming pool
Solarium
Wellness Spa
Fitness Centre
Health & Beauty Clinic
Golf Simulator cabinets
Cashier
Hairdresser’s
LEISURE AREA
Tennis Courts
Multi-sport area
Petanque
Kids Club
BBQ Bar
Mini-Market
Resort Management Agency
BEACH CLUB
Beach Bar
Water Sports Centre
Resort Management Company
The Palmeiras Resort Management Company takes away the day to day
worries of managing your property, enabling you to select exactly which
services you need. We will take care of everything, guaranteeing your
complete peace of mind.
CONDOMINIUM MANAGEMENT SERVICES (1)
24h reception desk
24h security
Maintenance of gardens, swimming pools and communal areas
Reduced fees at resort facilities
Special fees for golf courses

Bedrooms: Bathrooms: Price (€):
1 1 185,000
Features:
Beach
Golf
Private Swimming Pool
Spa
Submission Date:
01-28-2009
Last Update:
03-20-2009
Advertiser Details:


Name:
Bruno Friedl

Company:
INRES international, investment & real estate

Phone:
0049-8031-941287
Fax:
0049-8031-941588
Mobile:
0049-176-23 35 97 98

 
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Calculators

 
Property price: €185,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations