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Property for sale information

 
Marina Park  
Reference nr: AC578233
Description:

Located on an elevated parkland site, Marina Park, offering superior 1, 2( en-suite ) and 3( en-suite ) bedroom units overlooks the award winning Marina and popular town of Lagos with its numerous attractions.

Marina Park is now a well established holiday destination and, at the time of writing, the Final Phase, now being offered, is fully complete. The two earlier phases, which we also promoted, are completely sold out, further emphasising the appeal of this development.

The properties being marketed to the holiday sector are now well recognised by tour operators and travel agents selling the Algarve such as Thomson and First Choice. The summer of 2006 saw 100% occupancy in all rented units at Marina Park.

If the Western Algarve is the new property hotspot in southern Portugal, then the stretch of coastline between Lagos and Sarges is it's epicentre, with Lagos the natural regional capital.

Many people find Lagos the most likeable town on the Algarve coast. It has a seafaring tradition dating back to the 15th Century and no surprise, therefore, that today it features the Algarve's most modern marina, distinguished with the 'Euromarina Anchor Award'.

The ancient walls are steeped in history but nowadays this is a youthful town with an abundance of relaxing cafes, bars and gourmet restaurants.

Marina Park is located on the fringe of this bustling centre, on an elevated site in a secluded and spacious 100 acre parkland setting. It offers easy access to the marina and a short stroll beyond to Meia-Praia beach in one direction, or into the old town of Lagos in the other.

The remaining units are located at the centre of Marina Park, all with generous balconies overlooking a sweeping landscaped lawn, leading directly to the poolside recreation area and café bar.

With new developments expanding away from marina and old town in either direction the attractive location of these units, being only 5 minutes walk to the marina, is fast becoming obvious.

There are a small number of units remaining, which are being offered at last years prices, which comprise:-

High quality finish
Furnished
Air conditioned
Allocated underground car park space

Units may be placed into rental, for a number of months of the year, through the onsite rental management company.


Local Features:

Award winning Marina & promenade
Typical Portuguese Old Town
Expansive Beach
Golf
Surfing/sailing/fishing


PRICES RANGING FROM:

Bedrooms: Bathrooms: Price (€):
1 1 150,000
2 2 235,000
3 2 265,000
Features:
Beach
Submission Date:
06-26-2007
Last Update:
06-28-2007
Advertiser Details:


Name:
Adrian Costello

Company:
Trinity Capital Management

Phone:
+353 1 6767600
Fax:
+353 1 676 7626
Mobile:

 
Property Photo Gallery

 

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Pool area

Pool area

Beach

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Calculators

 
Property price: €150,000
 

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