Apartments with 5% Yield in the Algarve - Pine Cliffs Residence

Quarteira, Faro Portugal

$1,575,742

Price

5%

Cap Rate

3

Units

Gallery
Street
Map
Overview
Cap Rate
5%
Units
3
Lease Type
Full Service
Price Per Unit
$1,575,742
Description

Pine Cliffs Residence comprises freehold 2- and 3-bedroom apartments, located in the middle of a pine grove of immense scenic beauty suspended above the sea and overlooking the Pine Cliffs Resort golf course.

A natural paradise of luxury and exclusivity for you and your family to enjoy. In addition to a guaranteed annual rental return of at least 5% during the first five years, owners are also able to enjoy all of the guest facilities at the Pine Cliffs Resort, A Luxury Collection Resort, Algarve, which is managed by Starwood Hotels & Resorts Worldwide, Inc. under The Luxury Collection ® brand.

SERVICES & AMENITIES:

Air Conditioning
24 hours Security
Pool
Concierge Services
Golf course and Academy
Annabel Croft Tennis Academy
Room Service 24 hours
Health Club and Gym
Serenity Spa

INVESTMENT MODEL:

Mandatory 10-year tourism exploration contract, expenses & generated income shared proportionately by all owners in each rental pool.

YIELD:

Guaranteed return on investment of a minimum of 5% per annum for the first 5 years or 3% during 10 years.

PROPERTY MANAGEMENT:

The Luxury Collection by Starwood/Marriott International

ADDITIONAL INFORMATION:

Once the 10 years have reached an end you have several options such as:

The contract is automatically renewed for another period of time;
You may renegotiate the agreement;
You pull out, no longer rent and use it for 52 weeks in the year, however, you are obliged to pay your personal and shared monthly/yearly running costs, i.e. condominium fee, utilities, insurance, etc.
OWNERS USAGE:

Up to 183 days/year, with a maximum restriction of 14 nights in July / August.

Highlights
  • Golf course and Academy
  • Serenity Spa
  • Health Club and Gym
  • Room Service 24 hours
  • Annabel Croft Tennis Academy
  • Concierge Services
  • 5% Return on Investment
Location
Gallery