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Property for sale information

 
Sesimbra Bay Beach and Spa Resort  
Reference nr: MK645433
Description:

Sesimbra Bay Beach and Spa Resort
Sesimbra town is situated only 30 minutes south of Lisbon City on the Blue Coast of Portugal. Aerlingus operate regular flights to Lisbon throughout the year. The development will be built into the hillside sloping down towards the beach with 180 degree views of the coast. These magnificent un spoilt views and dramatic hillside backdrop are the key elements behind the central design concept of the project.

The development will consists of 204 luxury apartments all with uninterrupted sea views situated in 3 condominiums of 3 levels each with private adults and childrens pool. The main feature in the development will be a five star spa centre of 400m2, other facilities include and a bar and restaurant on site. Apartments come fully furnished and fitted to a five star finish from studios to 3 bedroom penthouses with prices starting at 214,000 Euros.


Each apartment comes with a dramatic floor to ceiling glass wall which opens out onto a spacious terrace to maximize the light and take full advantage of the amazing views. The terrace or balcony has a glass and stainless steal balustrade providing an ideal suntrap for residents.

Kitchens come finished with high gloss cabinets, stainless steal counters and ceramic flooring giving a very contemporary and modern appeal. The kitchen is equipped with Zanussi dishwasher, fridge freezer, washing machine and microwave. Each apartment comes complete with wooden flooring throughout.

The development company ‘Lisop’ founded in 1981 have a portfolio of high quality projects for the middle to upper market with a reputation for excellence. Sesimbra Bay is a truly magnificent project set on the hillside overlooking the tranquil Bay. Combining this unrivalled beach view with the design concept and carefully chosen landscaping with 5 star onsite spa and facilities this product will be extremely popular with the overseas investor as it is priced very competitively

All apartments will be managed by the International Hotel Management group ‘Kasamia’. Owners can sign up a contract with the management company for a 9 year period during which they benefit from a rental income and 8 weeks use of the property per year.

Each owner becomes a shareholder of all onsite facilities and all revenue the residence generates such as sales from the bar/restaurant etc. Essentially, owners become part of the hotel management company.

This is a very new concept in Europe, this is happening all over the US very successfully, in fact 15% of all accommodation in the states is now managed this way. The key to the success of this concept is transparency; owners have access to the bank statements of the company and they can check online how their investment is performing. They can see the sales income and the expenses for running the resort. They can get extra income from their property if they chose not to use the property at all. They can also make online reservations for their own holidays. The online system is further supported by a call centre.

Now for the investment part…..The developers have arranged 90% mortgages on an interest only basis for the first 5 years. Therefore purchasers invest 15% when signi

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 217,000
Features:
Beach
Furnished
Golf
Spa
Submission Date:
02-18-2008
Last Update:
06-23-2008
Advertiser Details:


Name:
Michael Keaney

Company:
Property Match

Phone:
+353 (0)91 700 222
Fax:
+353 (0)91 766 294
Mobile:
+353 (086)2529106

 
Property Photo Gallery

 

property photo
 
Calculators

 
Property price: €217,000
 

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