€650,000 | Sagres, Western Algarve | ID#396
Property Summary: Prop ID#396
Investment Property : Townhouse | Beds:2 | Baths: 2
- BEACH FRONT RESORT
- Guaranteed 4% return P.A for 10 years!
- Overlooking the heated pool
- Surrounded by park land
- Large roof terrace with amazing views
- On site Spa
- Beautiful furnishings
Spacious 2 bedroom townhouses situated within a walled garden and gated part of the resort. The rustic land, which was protected during its development, gives it a peaceful countryside feel.
These properties consist of a lounge/diner, fully fitted kitchen, 2 bedroom with one en-suite and a family bathroom. Also, they have their own private verandas and roof large terrace with stunning 360ΒΊ views. All homes include air conditioning, under floor heating, double glazing and solar panel heating.
All homes for sale are freehold and, with being operated in the long term by a known co-developer as a full scale luxury resort, owners can be assured of the best Leaseback terms such as:
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