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Property for sale information

 
Monchique, Algarve, Portugal - Exclusive Investment Opportunity  
Reference nr: LO329258
Description:

Exclusive investment product! Invest in luxury off-plan apart-hotel project /Fantastic Location/Superb amenities/Excellent investment! Up to 5% guaranteed rental income for 3 years! Own usage up to 4 weeks per annum.

Various investment options possible:

- Sell before completion in 2 years
- Complete the sale and use the property as a holiday home/rent it out when you are not there
- Sell the property after 10 years

Very attractive return on investment figures. This superb “Wellness Resort Monchique” is the first Wellness Resort (Condo-Hotel) in Portugal! Located on a small hill, it has incredible views over the Algarve. It offers a unique Wellness and senior friendly concept and integrated, innovative services to people who are at pre-retirement or retirement age, and who are intending to visit, invest or live in Portugal. It has superb landscaping and walking trails and is located near several golf courses.


Distinguishing features of the Product:
- The first Wellness Resort (Condo-Hotel) in Portugal
- Location and incredible views over the Algarve
- Extremely low density of construction (Monchique has 83% of Protected Nature Area)
- Thermal waters
- Unique Wellness and Senior Friendly concept
- Wide range of amenities and services
- Condo-hotel concept (use it when you are there, rent it when you are not)
- Catered for medium and long stays
- Environmentally friendly features
- Superb landscaping and walking trails
- Near several golf courses


About Monchique:
* Located in The Garden of the Algarve with wonderful variety of exotic vegetation (more than 1,000 plant species).
* 83% of the land is Nature Reserve.
* The town of Monchique is situated in an unspoiled location reflecting the spirit of a rustic lifestyle with spectacular mountain views.
* Just 45 minutes from Faro Airport and 10 minutes from the new Algarve Motorway.
* 20 minutes from the beautiful beaches of Portimão and Alvor.
* Moderate climate (a subtropical maritime mountain climate).
* Nearby is the beautiful village of Caldas de Monchique with the famous Thermal Waters.
* 15 minutes from several golf courses



The Wellness Resort Monchique is a unique product in the Algarve:

* Surrounded by the hills of Monchique with a gorgeous costal view.
* Very low construction density making this a unique offering.
* The first Resort in the Algarve aimed at medium and long stays offering a set of infrastructures and activities for longer stays.
* The first Resort in the Algarve prepared to accommodate 45+ growing needs both from a building environment (e.g. walk-in showers) and from an amenities and services point of view.
* This Resort approaches Wellness from an integrated perspective (physical, social, intellectual and spiritual dimensions of Wellness).
* An environmentally friendly architectural and engineering project (maximising the use of solar energy and rain water, utilization of environmentally sensitive utilities).
* 195 one-bedroom apartments with high standard finishing and fully furnished and equipped, each apartment boasting a balcony, kitchenette and two WCs.
MORE INFO AVAILABLE.

For further inf

Bedrooms: Bathrooms: Price (€):
1 1 200,000
Features:
City
Furnished
Private Swimming Pool
Spa
Submission Date:
03-10-2008
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:

 
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Calculators

 
Property price: €200,000
 

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