Algarve, Vila do Bispo, Portugal
- PROPERTY TYPE
Villa
- BEDROOMS
3
- BATHROOMS
2
- SIZE
1,485 sq ft
138 sq m
Key features
- Walk to Beach
- Walk to Amenities
Description
Great investment opportunity for a Golden Visa, located in Vila do Bispo and with a residence permit with a guaranteed income.
Option 1 (600,000 euros)
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, out-goings 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 are freehold and the owner is entitled to sell their property during the period of the agreement.
Option 2 (510,000 euros):
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 euros) 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 the residence utilities during owner stay are paid by the owner of 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 ground floor, there is a suite with a double bed with area of 22m2 and bathroom with shower, 2 bedrooms with 2 single beds with 20m2 and bathroom with bath/shower.
On the 1st floor, living and dining room with 40m2 with fully equipped kitchen and balcony with full or partial sea view and with outdoor furniture.
There is the use of the swimming pools, gardens and leisure areas of the condominium and hotel.
REFERENCE: 244293
Algarve, Vila do Bispo, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)52.8 miles
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About the agent
Prestige Property Group, International
International
For over 20 years Prestige Property Group has been successfully connecting discerning buyers and sellers of premium real estate in the most desirable locations in the world.
By carefully listening to our clients, we are able to offer a bespoke personal service ensuring that we deliver and meet all of their property aspirations.
Through our extensive network of partner agents we are able to provide invaluable local expertise and look after our clients needs on the ground.
Our
Notes
This is a property advertisement provided and maintained by Prestige Property Group, International (reference 244293) 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.