€620,000 | Sagres, Western Algarve | ID#393
Property Summary: Prop ID#393
New Build Property : Townhouse | Beds:2 | Baths: 2
- BEACH FRONT RESORT
- Can be purchased with Touristic or Leaseback Agreement
- Beautiful views
- On site Spa
- 4 Heated swimming pools
- Close to all facilities
- Contemporary style
- Great investment
- Energy Performance Certificate B
Fantastic 2 bedroom townhouses situated on the eastern margin of the resort with an east- west orientation with fantastic views of the national park land, beach and the ocean. They are built upside down, with living spaces created upstairs to take full advantage of the amazing views.
These properties consist of a lounge/diner, fully fitted kitchen, 2 bedrooms with one en-suite plus a family bathroom. Also, they have their own private large verandas where you can enjoy the wonderful sunrises and sunsets. All homes include air conditioning, under floor heating, double glazing and solar panel heating. These are the most spacious and secluded properties but still remain close to all the resorts facilities.
All homes for sale are freehold but can be purchased with either the Leaseback or Touristic Rental Agreement. The leaseback terms are as follows:
1) Annual Rental Income of 4% of the Property Purchase Price for the first 6 years2) The hotel operator will be responsible for providing the furniture and rental pack. They will also cover the charges of property insurance, condominium charges, utilities and outgoings, all maintenance until the end of the lease3) The owner will be entitled to use the property between 4-8 weeks per annum4) All properties at Martinhal are freehold and the owner is entitled to sell their property during the period of the agreement