NEW RELEASE. Oustanding 5 STAR Apartments. Beautiful mountainside resort….Algarve region – Monchique, Portugal.
***** 5 STAR ***** resort in Monchique/Algarve is a unique $ 50 million condo hotel development
The 195 unit development ,nine acre condo resort hotel is located in a lush area with 83% of the property marked as protected natural reserve.
The confirmed deal structure is –
20% instant equity
80% mortgage is just £170,000 sterling (based on Prices of €255k )
Fully furnished 1 x bed, 2 x bath apartments (€15,000 furniture pack INCLUDED)
Upfront commitment fee of £2550 (this includes a £550 non refundable admin fee)
2 Years Mortgage Guarantee on completion
20% Instant Equity of €51,000 – €59,000 – Up to 80% loans available on availability attached above.
Year 3 – 50/50 split of income (see attached rental projection income detail)
Developer projecting a 6.5-7.5% income year 3 onwards based at 65% occupancy (see attached projections)
4 weeks a year personal usage (personal usage is not totally free, the client will be required pay just 10% of the room rate charge for the period they choose to visit, but there are no additional fees to pay when they stay – i.e. maid/turndown/weekly check out clean etc)
Part of Interval International worldwide network group – trade personal usage for weeks away elsewhere globally
Please contact us for more information, PDF brochure is available.
