€620,000
Investment Opportunity for GOLDEN VISA – Residence Permit with guaranteed income
Option 1 (600.000€)
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 and up to 8 weeks low season;
4. All properties at Martinhal are freehold and the owner is entitled to sell their property during the period of the agreement;
Option 2 (510.000€)
Selling price for a rent free period of 6 years with 2 weeks in summer outside July/August, 8 weeks low season owner usage
Option 3 (495.000€)
Selling price for a rent free for 6 years no high weeks owner usage and with 8 weeks low season owner usage
The long stay winter usage option:
Free owner usage from November until end of April There is no owner usage May to October
2% return,
Condo fee paid by Martinhal
Utilities during owner stay are paid by the owner
The Property:
3 bedroom villa located on the east bank of the resort. These are the most spacious of the resort and isolated from the others, remaining close to all leisure facilities.
The houses were built ‘backwards’, with living room and kitchen on the 1st floor to make the most of the spectacular location. The orientation gives excellent views from both sides, allowing you to enjoy the sunrise and sunset.
On the r/c floor, 1 suite with double bed with area of 22 m2 and bathroom with shower, 2 bedrooms with 2 single beds with 20 m2 and bathroom with bathtub / shower. On the 1st floor, living and dining room with 40 m2 with fully equipped kitchen and balcony with full or partial sea view and with outdoor furniture. Swimming pools, gardens and leisure areas of the Condominium and Hotel.
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.
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Vila do BispoFaro
