Luxury Apartments Offering €280k Golden Visa Investment Opportunities With Guaranteed Rental
€ 280,000£ 241,405$ 290,043
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Sagres, Western Algarve
Ownership Status: Developer
Built in: n/a
63m2 Build size
€ 4,444£ 3,831$ 4,603
/ m2 build
Brand new development offering €280k Golden visa residency.
South Beach is a private condo of 100 freehold apartments offering investors a rare opportunity to qualify for the Portuguese Golden Visa in the Algarve with an investment of only €280k for a studio apartment and €359k for a 2-bed apartment offering guaranteed returns of 3% for a period of 5 years along with a 14-day complimentary stay at the condo each year.
The renovation project due for completion by the 4th quarter of 2023 is located in an area of low density on the Western tip of the Algarve. This is the only project within the Portugal golden visa 280,000 investment category on the market where investors can purchase apartments close to the beach.
The project features 100 freehold apartments with a large number already reserved. The developer is offering guaranteed returns of 3% for a period of 5 years along with a 14-day complimentary stay at the condo each year.
Very high-quality build with luxurious fixtures & finish throughout. All apartments have outside terraces or lagoon decks, a beautiful lagoon pool, gymnasium, surf room, roof terrace & private parking.
The Condo is close to all amenities and just a short stroll from some of the finest golden sand beaches the area has to offer.
Sagres located on the western tip of the Algarve in Southern Portugal is a popular seaside town within the Costa Vicentina natural park known for its dramatic landscapes, pristine beaches, and uniquely laid-back ambience.
Sagres is the most south-westerly resort in the Algarve and in Roman times was part of an area called the Promontorium Sacrum (from whence the name, Sagres, derives).
At this time it was believed to be the most westerly part of the world and it was thought that the setting sun off the point made the waters of the ocean boil. Sagres is particularly popular with visitors coming to see the place where Prince Henry the Navigator, son of King João I, built his famous school of navigation. The school has earned Sagres a significant place in history because it was where Henry bought together great mariners, astronomers, ship-builders and cartographers to build and navigate great ships in the period of the Age of Discoveries.
Sagres has no shortage of accommodation to stay in, with apartments, hotels, guesthouses and boasts one of only three Pousadas, Pousada de Sagres - Infante, in the Algarve. Pousadas were originally government-supported hotels designed to preserve Portuguese culture and history and they offer a truly luxurious and calming stay.
Sagres - perfect for walking, cycling, surfing, diving or generally getting a taste of the Algarve that is still relatively untouched by tourism. It is certainly very popular with the campervan / mobile home owners as there are always lots of them parked overlooking Mareta beach, with their occupants relaxing in deck chairs outside in the sunshine, at whatever time of the year we visit and what a view it is!
Trying to sum up Sagres is difficult! There are lots of places to wine and dine or simply have a snack - bistro style, pizzeria, typical Portuguese. There are restaurants with fabulous views, there are restaurants with sunshades and tables on enclosed patios along the main street where you can watch the world go by.
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