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2 bedroom apartment for sale

Portugal - Quinta Do Lago, Algarve

Guide Price €620,000

like this property?

Call: 03339 397646
  • Description
  • Floorplans (0)
  • Map
  • Video tours (2)

Key features:

  • Annual return on investment guaranteed 5% for 3 years.
  • Renovated apartments
  • Fully furnished & equipped
  • 24hr reception
  • Restaurant & bar
  • Communal pools
  • Spa
  • Gardens
  • Childrens play area
  • Great investment

Full description:

Annual return on investment guaranteed 5% for 3 years.

Two bed view options:
Garden ? 700.000 - ? 875.000
Swimming pool from ? 620.000 - ? 850.000
Sea views from ? 760.000 - ? 1.400.000

** NEW OPPORTUNITY ** FULLY REFURBISHED ** PROPERTY INVESTMENT PRODUCT ** READY SUMMER 2019

The Formosa Park Hotel Apartments consist of 61 luxury apartments, a combination of one and two bedrooms, with living areas from 67sqm to 135sqm. This new concept is set up as a "Boutique" Apartment arrangement - all within EASY Walking Access To Ancao BEACH. They also uniquely have Special GOLF Entitlements as part of the JJW Hotels Group on 2 local courses (Pinheiros Altos and San Lorenzo).

These great Apartments have a choice of views, to the sea, the pool area and the mature pine trees and gardens at different entry level points.

All the apartments will have been REFURBISHED by Summer 2019, fully equipped & furnished, modern & luxurious with large interior & exterior spaces. There will be additional communal terraces each embracing a theme Air, Fire, Water, Garden. Stunning Views from all locations.

The onsite Resort facilities will include a spa, restaurant & bar, swimming pools, a children's playground, garden, 24hr reception, golf shuttle and privileged access Golf rates to San Lorenzo and Pinheiros Altos courses.

Works will start at the end of Summer 2018 to have everything fully functioning in the Summer of 2019.


During the guaranteed period, the purchaser can use 15 days per year*, subject to reservation done 2 months before and to availability.

*Period between the 15th June and 15th September is excluded from personal use.

The opportunity to own a luxury apartment in Formosa Park is an ideal investment for : obtaining a residence visa in the Schengen area (Golden Visa) or for the NHR (Non-Habitual Residency status) tax regime, or as a holiday home, or as a simple capital investment in real estate in a prime location.

This is the only guaranteed Rental Income product currently available in the Golden Triangle. Low Running Costs.

The purchasing process :

1) Reservation ?10.000

2) Promissory Contracts 25% less ?10.000

3) Interim Payment 25%, 6 months after Promissory Contracts

4) Balance of 50% with Keys

Let Me Help You With Your Property Search!

My name is Rebecca Nixon and I work as a Sales Consultant for Vendici Properties - one of the largest Real Estate Agents in The Central Algarve. We specialise in all types of properties for the complete range of budgets. We are not a large Call Centre Operation - our feet are on the ground here in the Central Algarve and we have the vital local knowledge which other Property Companies just don't have.

The type of service that we provide is very much focused on YOUR NEEDS. I appreciate that locating the ideal property at a good price is important but I also try to bridge the gap - helping you navigate through the legal process of "Purchasing A Property In Portugal" as well as explaining what needs to be done once you have made your purchase.

We see ourselves as a "one stop shop" for all your property needs. I also like to believe that we offer the "Best Customer Service"!

Prior to your visit to the Algarve I aim to provide you with all the necessary information you need to help find your ideal home. We use Google Maps for all our properties with street view where possible - as well as the innovative use of You Tube Videos showing a walk through of the properties from our own You Tube Channel.

We cover the resorts, from Vale do Lobo to Quinta do Lago, as well as all of the urbanisations. All are very important to us and I would love to share all my knowledge with you on what is a very special part of The Algarve.

Reasons To Invest:

Central Algarve is a great place!
Good proximity to Faro International Airport
Stunning Beaches / Restaurants
Plenty of Championship Golf Courses
Property Values Have Held Better Here Than Anywhere Else in The Algarve
All Year Round Great Weather - "The Florida of Europe"
Strong Rental Investment Market
? Most Important I Am Here To Help You!

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Faro (INTERNATIONAL), 3.9 miles

*Distances are straight line measurements. This feature is currently in beta.

Video tours

To view this property or request more details, contact
Vendici Properties, Almancil

Rua Manuel Teixeira Gomes, Corgo da Zorra Edificio KG Villas Service Apartado 3620 8135 - 999 Almancil
03339 397646  Local call rate
About Vendici Properties, Almancil

About Us

Vendici Properties is a newly created Algarve Real Estate Agency specialising in the areas of Vale do Lobo, Quinta do Lago and their surrounding areas.

Our Founders have over twenty years experience of operating in this area We know our business and our markets like no one else and have an in-depth knowledge and understanding of transacting in the local market.

Often gaining genuine market intelligence and valuation are key components of a property transactions, and we excel at providing this input to our clients adding value to their investment objectives

We offer a thoroughly professional approach across all our specialist services, and have acted as advisors for numerous clients as well as making many good friends.

Our objective is to retain our clients for the life of their property in Portugal, through our high standards of service and a pro-active approach to meeting their goals. This is evident in the increasing number of clients returning to us with additional instructions.

But Vendici Properties is probably best known for the helping hand it gives to clients with a level of support and service that extends well beyond bricks and mortar.


Disclaimer

This is a property advertisement provided and maintained by Vendici Properties, Almancil (reference VFA606) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Vendici Properties, Almancil

Rua Manuel Teixeira Gomes, Corgo da Zorra Edificio KG Villas Service Apartado 3620 8135 - 999 Almancil
or call 03339 397646
Calling from outside the UK? 00353872491766

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