Algarve, Lagos, Portugal
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
2
- SIZE
1,109 sq ft
103 sq m
Description
The tourist development stands out for its attention to detail, offering a harmonious environment between Intergaup’s stunning architecture and nature, in a privileged location overlooking the sea, right at Ponta da Piedade, Lagos.
The project consists of two imposing 9-story towers with a sophisticated and modern design.
One tower will be dedicated to a 5-star hotel from The Editory Collection Hotels brand, owned by Sonae Capital Hospitality, S.A.
The second tower will house luxurious tourist apartments, fully equipped, furnished, and decorated — interior design by the renowned GCA Architects, specialists in the art of blending innovation, sustainable technology, and eco-efficiency with handcrafted work made with care.
The 72 tourist apartments, ranging from one to three bedrooms (T1 to T3), including the functional T1+ and T2+ alternatives, enjoy excellent sun exposure, either east- or west-facing.
The complex offers top-tier amenities (swimming pools, spa, gym, kids club, etc.) as well as reception/concierge, housekeeping, and security/surveillance services.
Owners benefit from the convenience of having their apartments managed for tourism by Sonae Capital Hospitality, under a simplified profit-sharing model:
60% for the owners
40% for the managing entity
Additionally, there are no usage limits for owners, who can even live there full-time and enjoy the property permanently!
As for condominium fees, the estimated periodic cost is around €3/m²/month.
Current availability summary:
T1: €500,000 to €800,000 – average area: 63 m²
T1+: €550,000 to €850,000 – average area: 84 m²
T3: €750,000 to €800,000 – average area: 117 m²
Each comes with spacious balconies ranging from 19 to 29 m², offering breathtaking views and extending your living space into the horizon.
Business conditions:
Initial reservation: €10,000
Promissory Purchase Agreement: 20% down payment (minus the €10,000)
Deed: remaining 80%
#ref: 141982
Algarve, Lagos, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)40.2 miles
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Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 141982) 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.