Property Removed | Cabanas, East Algarve | 1 Bedroom

DETAILS

Development Information Form for Cabanas de Tavira




1-      Development Description.

Located in an upmarket, quiet area of Cabanas village, Terraços de Cabanas, comprised of 95 one, two and three bedroom apartments with spacious balconies, fully fitted kitchens, cable and satellite TV, security systems, a private swimming pool, a Jacuzzi in the pool area, where you can relax and recover from stress and much more. Each apartment has been allocated a parking space in the spacious basement. At the heart of Terraços de Cabanas, the laid back environment help you to totally relax and unwind.



2-      What makes this development stand out among all the others that are up for sale in the same area?

An outstanding architecture inspired by easy living, Spacious balconies, Private swimming pool, Jacuzzi, Also to be introduced is the concept “CACHé CLUB”, a restricted portfolio of services and advantages, exclusively available only to owners of properties at Terraços de Cabanas.  Includes a very pleasant reception area.



3-      The area/town that the development is located in.

Cabanas is a sleepy beach community which can be best described as one of the unknown secrets of Algarve. Stunning white beaches, reached by quaint water taxi’s, excellent restaurants/bodegas serving traditional fisherman’s fare and international cuisine, supermarkets, modern conveniences and just about the nicest people you have ever met in your life.



4-      What are the location advantages of this development?

Close to the international airport of Faro, 30 minute drive, short drive to Lisbon or Seville, Walking distance to beaches and shops, Access to three of the best golf courses in Algarve, 3/5 minutes drive.



5-      Proximity to the amenities around the development.

All amenities are a short walk away.





6-      Please indicate distance from the development to;

Airport: 35km

Beach: 400metres

City Centre (Tavira): 5 minute drive

Golf Courses: 3/5 minutes drive.

Local Bazaar / Market: 400metres



7-     Quality of construction compare to other projects in the regionA – Average

Above the standards



8-      What purchasing purposes does this development address?

A – Investment

B – Holiday

C – Lifestyle

D – Retirement



9-      Please indicate;

Area (sqm)          :

One bedroom apartments – 72 sqm – 79 sqm                                  

      Two bedroom apartments – 109 sqm – 159 sqm

Three bedroom apartments – 168 sqm – 205 sqm

Price (per sqm): 1.600€/sqm – 1986€ sqm



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

10 - 15% per year in the last three years

15% for 2008



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



12- Is this development rental guaranteed?

No



13- If there is no rental guarantee, what do you think of the rental potential of this development? Per week.

One bedroom apartment:

Mid and High Season: 450,-€ - 700,-€

Two bedroom apartment:

Mid and High Season: 600,-€ - 900,-€

Three bedroom apartment;

Mid and High Season:  750-€ - 1100€



14- How long is the high season?

18 weeks (June to September)



15- Do you offer after sales services? If yes please list the services and the terms and conditions.

After Sales Service.

Suggest Lawyer services

All other aspects for integration and setting up holiday/Investment home, including Furniture pack procurement.



16- What is the payment plan for this development?



6.000,-€ with reservation

30% with promissory contract – 15% financed by the bank.

70% on final deed