€595,000
Investment Opportunity for GOLDEN VISA – Residence Permit with guaranteed income
Option 1 (595.000€)
1. Annual Rental Income of 3% of the Property Purchase Price for the first 6 years;
2. The hotel operator will be responsible for providing the furniture and rental pack and will also cover the charges of property (insurance, condominium charges, utilities, outgoings and all maintenance until the end of the lease);
3. The owner will be entitled to use the property for 2 weeks per annum high season (except July and August) and up to 8 weeks low season (except Easter);
4. Owner/buyer responsible for paying IMI, IMT and Stamp Duty as well as income tax.
5. All properties at Martinhal are freehold and the owner is entitled to sell their property during the period of the agreement;
Option 2 (505.000€)
No income for 6 years (as an initial discount is given)
Martinhal responsible for furniture & rental pack, condominium, insurance, water and electricity
Owner can use 2 weeks in high season (except July and August) and 8 weeks in low season.
Owner responsible for paying IMI, IMT and Stamp Duty as well as income tax.
Option 3 (490.000€)
No income for 6 years (as an initial discount is given)
Martinhal responsible for furniture & rental pack, condominium, insurance, water and electricity
Owner can use the property 8 weeks in low season.
Owner responsible for paying IMI, IMT and Stamp Duty as well as income tax.
The long stay winter usage option:
2% return on investment
Martinhal responsible for furniture & rental pack, condominium and insurance.
Martinhal responsible for water and electricity when the owner is not using his villa.
Owner can use his villa between November and April with no limit of weeks during this period.
Owner responsible for water and electricity when using the villa.
The property:
2 bedroom villa, inserted in Resort and Condominium and close to the main facilities of the resort.
This house is on the front line, just behind the hotel.
It consists of two floors, staying on the ground floor the two bedrooms (a suite and a second bedroom) and a bathroom. On the top floor we have a large open plan living room with kitchen and an excellent south-facing balcony with sea views.
The information referred to is not binding. You should consult the property documentation.
The information provided on this webpage has been obtained from sources believed reliable, this may be subject to errors, change of price, prior sale, or withdrawal without notice. Fine Luxury Property Ltd®, it’s partners and collaborators do not guarantee the accuracy of any information contained on our websites.
