Property Removed | Portimao, West Algarve | 1 Bedroom

DETAILS

Portimão studios and apartments:







Just outside the resort town of Praia da Rocha and only a few hundred meters away from the lively town of Portimão lies the exclusive apartment building. There are 89 Apartments in a semi residential area and a mere 850 metres from a choice of beaches such as “VAU” , “ROCHA”, “3 IRMãOS” and less than 2 kilometers from the famous Alvor beaches.    

The amenities on site are a swimming pool, snack bar area, laundry, reception and gym. The Apartments consist of a living room, a luxurious, fully fitted kitchen, 1 bedrooms and 1 bathroom. The living room leads out to a generously sized varanda. Each Apartment has a private parking space in the underground garage. Unusually high quality materials and superior finishing’s makes this a serious contender for luxury rentals or personal holidays!







The development is situated in a quiet, residential area, and offers superb views to the ocean and Portimão. The Apartments will be modern and finished to a very high standard.









Portimão was the first touristic resort town of the Algarve, it lost some of it’s charm over the years but it is now fast becoming again a preferential destination in the western Algarve, as it not only offers a great variety of bars, shops and restaurant, but also is a very strong cultural centre in Algarve. There is a choice of long open sandy beaches, which offer various types of water sport, such as Jet Ski and kite surfing, and a number of small romantic coves tucked under the cliffs.  A romantic evening with traditional food and candle light, a cosy bar with live music, a night at the casino or an art exhibition; The nightlife of Portimão leave no expectations unattended. For nature lovers, the region offers unique routes, through the natural environment, of scenic and ecological interest.
Of note is the RIA de Alvor (Alvor Estuary), the most important humid area of the Algarve's Barlavento. It is part of "Rede Nature 2000".







The apartments are situated in a quiet, residential area, but also a short walk away from the lively city of Portimão and the resort town of Praia da Rocha, with a lot of shopping possibilities, restaurants, bars and the marina. For nature lovers, the region offers unique routes, through the natural environment, of scenic and ecological interest.













The city of Portimão, Praia da Rocha, with beautiful beaches, bars, restaurants, shops and water sport possibilities are a short walk away. The nearest exit to the A22 highway and the “Penina” Golf course are 5 minutes drive away. 3 other golf courses, the Monchique Mountains and the “Slide and Splash” water park are reachable within a 20 to 30 min drive.







A swimming pool, garden, snack bar, laundry, reception and Gym.







Airport: +/- 70 km..... 45 min drive

Beach: +/- 5 minutes walk

City Centre: +/- 5 minute walk

Golf Course: +/- 2 mindrive

Local Bazaar / Market +/- 5 minute walk







Highest standards

High rental potential.







A – Investment -A

B – Holiday - B

C – Lifestyle – C







Area (sqm):          Apart. – From            53.04 m2 to 87.19m2 

Price (per sqm):  Apart. – From € 1.362.00



What about the capital growth seen in the region for the past three years? What is the net capital growth expected for 2008?



10% and rising



Is there any planned government investments under way in the region?



Autodrome Project (Under Construction, first events November 2008)



F1 Racing Circuit

***** Hotel

VIP Tower

World F1 Championships

Aerodrome, Prepared for Charter flights in the near future.

Marina de Ferragudo, prepared to receive large yachts will be a very important Marine for the Algarve  



Is this development rental guaranteed?

No



If there is no rental guarantee, what’s the rental potential of this development?



4.320€ liquid. Total is plus 35% which is the commission that the rental management company will be taking.



How long is the high season?



18 weeks (June to September)



After sales services?



5Years Building Guarantee



What is the payment plan for this development?



€ 6000.00 on reservation

30%          on promissory contract

70%          on final deed







5 % discount offered to all investors in April 2008.





Portimão information



Portimão is today a reference in the Algarve’s region, a unique place in western

Algarve with a valuable and diversified tourism offer, with a life of its own and a

Variety of activities that turn each day into an experience with a rhythm of its own

Throughout the year. Over the last 5 years, Portimão has been through numerous re-qualification interventions and was home to major events such as the construction of a high-quality marina, candidate for the “Jack Nichol Award” one of the most highly regarded international prizes. The new F1 racing circuit, the beaches and Praia da Rocha in particular, the world renowned NIKKI BEACH.

Its pedestrian walkways and esplanades close to the river and on the Praia da Rocha beach, among many other amenities, makes Portimão a modern city and one of the most cosmopolitan in the Algarve.