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Property for sale information

 
Rocha Beach Residence  
Reference nr: HD316141
Description:

This is one of the last beachfront developments to be built in The Algarve - dont miss out! Rocha Beach Residence provides a unique opportunity for both serious investors and lifestyle property buyers alike.

This exclusive off-plan development of 158 luxury apartments is situated in the popular tourist resort of Praia da Rocha. It represents one of the very last opportunities to invest in a new Algarve beachfront property due to recent changes in Portuguese building legislation which restrict construction within 500 metres of the beach.

Overseas Investments are proud to have been selected as the exclusive Worldwide sales partner of Rocha Beach Residence and have designed an excellent hassle free investor and lifestyle concept to ensure maximum return with minimal outlay.

Rocha Beach Residence comprises of 158 studio apartments designed around a central Aparthotel development. Being part of an Aparthotel provides numerous benefits for both owners and potential rental clients.

Occupying an enviable corner location just 50 metres from the beachfront ensures more than half of the apartments offer uninterrupted views of the glorious golden sandy beaches of Praia da Rocha. And of course that means you are just a short stroll from your private terrace to the sea and numerous nearby facilities including the marina, shops, restaurants and nightlife

Unlike many overseas property owners, at Rocha Beach Residence you are able to relax and let one of the Algarve’s most experienced hotel operators manage your apartment without the hard work and complications usually associated with owning abroad.

The hotel management company will provide a guaranteed annual rental income to all owners for 10 years. In addition you will also be entitled to up to 6 weeks personal use of your apartment every year at no cost to you. Therefore you get to enjoy all the facilities of a modern Aparthotel complex when you are there and the benefit of an annual rental income when you are not.

The perfect holiday home - hassle free.

Aparthotel Information:
Professionally Managed Aparthotel
158 Luxury Studio Apartments
Beachfront Corner Location
50 Metres From Beach
8 Floors of Apartments
24 Hour Reception / Lobby area
Underground Car Parking
Private Pool and Gardens Café / Bar
Gymnasium & Spa Facilities.
Modern Contemporary Design

The Apartments:

All 158 studio apartments have been designed with an air of contemporary refinement, providing spacious open plan accommodation featuring a double bedroom, bathroom, lounge, kitchen area and a private balcony. Over half of the apartments offer uninterrupted sea views from their balconies and enjoy the benefit of being fully maintained and serviced 365 days of the year by the hotel management company.

Each apartment will be fully furnished to a luxurious standard and well equipped with modern facilities including:

Full Air-Conditioning / Heating
2 x Plasma TV Screens with Cable TV
Choice of 1 x Double or 2 x Single Beds
Balcony with 2 Chairs and 1 Table
Kitchen Area with Hob Fridge / Mini Bar

Call us today for more information on this fantastic development

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 218,500
Features:
Beach
Furnished
Golf
Spa
Submission Date:
06-18-2008
Last Update:
07-03-2008
Advertiser Details:


Name:
Helen Deloughery

Company:
Overseas Investments UK Ltd

Phone:
0044845 6024375
Fax:
0044208 543 5111
Mobile:

 
Property Photo Gallery

 

Beach

Exterior

Exterior

Reception

Interior Photo

Interior Photo

Interior Photo

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Calculators

 
Property price: €218,500
 

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