Portugal
The project is represented by luxury residences in a 5-star hotel complex located in the small town of Lola in the heart of the Algarve. The A22 motorway leading to Lisbon or Spain is a 10-minute drive away. The beaches are a 20-minute drive away.
The residences are 65 apartments with 1 and 2 bedrooms.
Each room is fully furnished (the price of a set of furniture is €55,350 for a 1-bedroom apartment and €79,950 for a 2-bedroom apartment is included in the price of the apartment) and equipped. The residences have private pools and jacuzzis.
The owner is given the opportunity to stay at the hotel for 10 weeks a year (in different seasons).
The minimum guaranteed rent is 5% per year for 5 years, paid 2 times a year. Additional features:
-Smart climate control, created by geothermal technology with underfloor heating in all bathrooms
-Smart LED lighting throughout the house
-Fully equipped kitchen
-TV with access to international channels and high-speed Internet access
-Underground parking for 40 cars
-Landscaped gardens with automated lighting and watering
-24/7 security service and video surveillance