This is an exclusive site in Algarve , Portugal. These are high end units. There is no other development like this in all of Portugal .
The apartments are just 300m away from the sea/beach. There is no further planning permission being passed for beach front developments in the Algarve making this site very sought after and unique.
The Government is pumping millions of pounds into the Algarve to make it the most visited place in Europe . With F1 race track being built in Portimao, which is moments away from the site, you are guaranteed high occupancy.
Armacao project is a luxury gated lifestyle investment opportunity, nestled between nature reserve, lake and world-class golf course.
All apartments have balconies with panoramic views and underground garages, included on site gymnasium, spa, indoor and outdoor swimming pools, multi-purpose rooms, children’s play area, tennis courts, landscaped communal gardens, roof terrace with sunbathing area and Jacuzzis.
Total construction area of 27,000 m2 with a maximum of six floors. A Free contemporary furniture pack worth €25,000 has been negotiated for all purchasers.
Prices vary from €300,000 - €510,000. Once completed, banks have valued resale prices between €600,000-850,000.
Development is two years off plan; with a capital growth of 10-15% per annum investors are looking at equities of around 30-40% once completed. We have huge backing from major banks in Portugal on this site, making this site a true investment.
From the price figures attached to the table above, investors purchasing in bulk are looking at returns of 47% over the next 2yrs.
I have taken a figure of 5% capital growth per annum, but in fact it is between 10-15% per annum. So we are looking at greater returns. With apartments being fully furnished to a high spec with granite worktops in place etc, it shall add more value to the units.
If you were to rent out the units, the rental yield returns would be between 5.5-7%, which is fantastic. This is taken from an average, but as we know the units are high end, a stanard which you won’t find anyhwere else in the country, therefore you would achieve more rent.
But we are in the process of requiring a Hotelier in place to manage the entire development, of which the Investor shall share a profit of. As the development is high end, each room shall be achieving high rates per night. As development is moments from the beach you shall achieve high occupancy.
Summary: You are purchasing a FREE HOLD DEVELOPMENT of 25% below market value today, 5-15% capital appreciation for 3 yrs over building period.
The returns on this are amazing.
If you require any further information please contact me via email. My email address is: mmiah2004@yahoo.co.uk
Kind Regards,
Mamun
mmiah2004@yahoo.co.uk