Algarve, Lagoa, Portugal
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
1,130 sq ft
105 sq m
Description
GOLDEN VISA PROPERTY @ REDUCED RATE OF EUR 400,000
The Nomad Bay property is located just a few minutes outside of Carvoeiro, one of the Algarve’s most desirable locations. Carvoeiro is a charming and traditional resort town in Western Algarve which is best known for its whitewashed cottages and breath-taking beaches. Surrounded by the cliffs, Carvoeiro offers a vibrant yet peaceful atmosphere. When walking the cobbled narrow streets of Carvoeiro, you will find a broad selection of outstanding restaurants and bars where you can admire the beautiful sea views. Since Carvoeiro is close to the Atlantic, you can travel by boat to many destinations such as the famous Benagil cave, up the Arade river to the castle town of Silves or to Praia da Rocha in vibrant Portimão.
The Nomad Bay property is located just a few minutes outside of downtown Carvoeiro, on a hill which offers stunning sea views. From the property, you are just a short drive away to several beautiful beaches such as Praia do Carvalho or Praia do Vale de Centeanes, as well as many golf courses such as the Vale de Milho golf.
Given the amazing location of this property and its proximity with a wide arrow of tourist attractions, this property is sold as an investment property. The project has been structured as a hotel chain and is being managed as such i.e. Nomad Bay will handle all the property management and rental of the apartments for a complete turnkey solution. Inventors are free to occupy their apartment seasonally or year-around but when the property is not occupied by its owners, the property will generate revenues through rentals. This project also qualifies for the reduced EUR 400,000 Golden visa.
The Nomad Bay property will be a luxury holiday resort consisting of 4 two story buildings and 74 apartments, with 1 to 3 bedrooms. T1 units asking prices start at EUR 450,000. The T2 units asking price starts at EUR 550,000. All apartments will have floor to ceiling windows creating a bright and comfortable environment. Units all include a large outdoor space and many units have ocean views. All the kitchens will be fully fitted with top of the range appliances such as Smeg or Bosh and will include dishwasher, washing machine, fridge, hob extractor, oven and coffee machine. All units will have wooden flooring throughout the entire floor. Property amenities include a pool, gym, spa, restaurant and bar.
This T2B unit (102,20m2) has a large open space of 28,10m2 which consists of a living room and a kitchen. The master bedroom (14,80 m2) has an ensuite bathroom with a shower and two sinks. The second bedroom is 12,10m2. There is a second bathroom with a shower. The unit has a large terrace of 23,0m2 which can be accessed by both the living room and the bedrooms. This unit also has a 35m2 garden.
The construction of the resort is already on its way and the grand opening is scheduled for the second quarter of 2024.
For more information, email me at emilie. or whatsapp + 9
#ref: 85560
Algarve, Lagoa, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)28.4 miles
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About the agent
IAD, Porto
Av. da Boavista 934, Porto Portugal 4100-112
Founded in 2008, iad was born as the 1st digital real estate network made up exclusively of independent consultants. iad's DNA is based on 4 inseparable pillars: entrepreneurship, property, community and international.
In addition to head office support, the 4 pillars are backed up by digital technology and training, which make a major contribution to the success and appeal of the iad model.
With its headquarters in Paris, iad is the largest network of independent real estate cons
Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 85560) 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.