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€ 280,000 £ 241,369 $ 295,615

Reference PP173087

Faro, Eastern Algarve

Commercial

Built in: n/a

GOLDEN VISA €280k Investment With Guaranteed Buy Back.

€ 280,000 £ 241,369 $ 295,615

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Key information

Reference: PP173087

Commercial

Faro, Eastern Algarve

Ownership Status: Developer

Built in: n/a

The Portugal Golden Visa programme has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Launched in 2012 the investor visa programme has been actively promoted internationally attracting over one thousand main applicants each year. An investment of €500,000 (€280,000 or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children.

The Riverside Hotel Faro was designed under a distinct concept: A vibrant modern colour palette in the interiors, complemented by natural light and locally influenced design and decor.

Faro is the largest city in the Algarve region, known for its beautiful historical heritage and its outstanding beaches.

The city has all the essential day-to-day services nearby, along with excellent restaurants serving the region's traditional dishes and tremendous tourist spots to visit.

Co-ownership hotel project (with guaranteed buyback) - 280k Euros:

  1. Project name: Faro Riverside Hotel (4-star hotel, Indino by IHG)
  2. Total project investment: 40.6M euros
  3. Amount of investment per investor: EUR 280,000
  4. Sale quota: 145 (investors)
  5. Room number: 133
  6. Expected start time: September 2022
  7. Expected completion time: Q3 2024
  8. Minimum investment period: 6 years
  9. Hotel operator: AHM Hotel Management
  10. Tax benefits: developers donate property transfer tax (IMT) and property value added tax (IMI) is exempted during construction.

 

Features

  • New development

Key information

Reference: PP173087

Commercial

Faro, Eastern Algarve

Ownership Status: Developer

Built in: n/a

Recently Sold

The location: Faro, Eastern Algarve

Faro has retained its peaceful ambience and traditional charm that is centred around the pretty walled Old Town.

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Yours sincerely,
Hannah Wood

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