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€ 280,000 £ 243,963 $ 298,587

Reference PP173759

Portimao, Western Algarve

Commercial

Built in: n/a

€280k GOLDEN VISA Investment Opportunity With Guaranteed Buyback

€ 280,000 £ 243,963 $ 298,587

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Key information

Reference: PP173759

Commercial

Portimao, Western Algarve

Ownership Status: Developer

Built in: n/a

Co-ownership 5* hotel project (with guaranteed buyback) - 280k Euros:

Located in the charming town of Portimão, within the heart of the Algarve, is this fantastic new five-star resort. Situated just a few metres from Vau Beach, the hotel features 3 outdoor swimming pools, a spa, a gym, a kids club, an exclusive private beach club close to the hotel, and a variety of relaxation areas and amenities. 

The hotel’s architecture, interiors, and exteriors have been developed with respect for the surrounding environment, integrating naturally with the landscape. All 275 rooms and suites in phase 1 of this project have sea views. With several facilities, the hotel will provide its guests with unique and exclusive experiences based on an extended entertainment programme.

This project is set to be managed by a globally recognised hotel operator and is being developed by a world-class developer with a strong track record. Shares are priced at €280,000 and the developer is also offering investors a guaranteed buy-back after six years.

INVESTMENT HIGHLIGHTS:

  • Purchase a share in the project for €280,000 (plus fees);
  • Call for 245 investors;
  • Enjoy a seven-day free stay per year;
  • Managed by a global 5* hotel brand;
  • Developed by an international development company with a strong track record; 
  • Developer offers a guaranteed buy-back after 6 years;
  • IMT Paid by the developer
  • VAT Paid by the developer
  • IMI exemption during the construction period;
  • Expected start of operation: Q4 2025.

HOTEL FACILITIES INCLUDE:

  • 275 rooms
  • Three swimming pools
  • Gym
  • Four Restaurants & bars
  • Kids Club
  • Conference Rooms
  • Private Beach Club

This project qualifies as a touristic commercial project and therefore qualifies for Portugal’s Golden Visa. Investors can apply for a Portuguese residency visa by purchasing a share in this property at just €280,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.

Features

  • Pool
  • Air conditioning
  • Garden
  • Furnished
  • Heating
  • Parking
  • Underground Parking
  • Terrace/Balcony
  • Covered dining area
  • Kids play area
  • Gym
  • Storage room
  • New development
  • Sea view
  • Morning sun
  • Evening sun
  • Orientation: South Facing
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near a golf course
  • Near the beach

Key information

Reference: PP173759

Commercial

Portimao, Western Algarve

Ownership Status: Developer

Built in: n/a

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Taxes and Expense : € 0.00
Loan amount : € 0.00
Your monthly payments : € 0.00

Recently Sold

Portimao, Western Algarve

Portimão is the second largest city in the Algarve. Located on the bank of the Arade river facing Ferragudo on the opposite bank. Portimão's Atlantic beach of Praia da Rocha has, over the years, become a resort in it's own right with lots of hotels and apartments, restaurants and bars, discos and clubs and shops.

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Yours sincerely,
Sarah Piessens

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