€ 1,245,000 £ 1,098,894 $ 1,484,603
The Residences at the Sheraton Cascais Resort is a condominium of luxury apartments, beautifully decorated, furnished and equipped to provide maximum comfort. The apartment is a 3-bedroom duplex comprising 196,48m2 with a 13m2 terrace, 2 parking spaces and storage space.
There are three operation models available to purchasers:
1. Residence. The property is used as a private residence within the privacy of a condominium and with the full benefit of the Sheraton Hotel security and services and the comfort of a resort.
2. Tourism operation. The property is used by the hotel whenever it is not being used by the proprietor, whereby the proprietor can use the hotel for 12 weeks of the year, including 2 weeks in peak season. The property yield is then split 55% (proprietor) / 45% hotel (Sheraton management fees, operating costs, marketing, etc).
3. Leaseback. The owner makes the property available to the hotel for long term rental, ensuring a guaranteed rent of up to €5.000/month for the first 5 years of the contract, during which time the apartment cannot be used.
Proprietors can make full use of the Hotel & Concierge Services including a Lisbon-Cascais transfer shuttle, airport pick-up/drop-off, reservations for restaurants, events, etc., activities including wine-tasting, surf lessons/tours, sailing, horse-riding, diving, helicopter tours, the Kids Summer Club, to name a few. There are also Membership Packs available for the spa & gym, golf, racquet club, and a full range of discounts offered by the Hotel.
Cascais, Lisbon & Lisbon Coast
Built in: n/a
196m2 build size
€ 6,352 £ 5,606 $ 7,574 / m2 build
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