Beautiful luxurious 2 bedroom apartment with sea views
FULLY FURNISHED AND READY TO LET AS INVESTMENT OPPORTUNITY
Currently totally renovated, furnished and equipped to a high standard, the Formosa Park Resort is already a reference of quality in the Central Algarve and the total refurbishment will take the properties, to a new level of luxury with sea views.
WITH A GUARANTEED RETURN ON INVESTMENT WITH A MINIMUM ANNUAL RETURN OF 5%
The Formosa Park Resort apartments are refurbished luxurious residential units, with large interior and exterior spaces. The breathtaking natural environment blends in with the elegance of contemporary architecture and decoration.
The Formosa Park Apartments are located within the most prestigious location in the Algarve - the Golden Triangle, between Quinta do Lago and Vale do Lobo.Â The apartments were designed and developed to create the perfect environment for those who love the Algarve, its fantastic beaches and golf courses. Quinta do Lago and Vale do Lobo are part of the Ria Formosa Natural Park and are famous for their beautiful beaches. In addition to benefiting from a temperate climate, the resort’s location is exceptional and unique with magnificent golf courses and majestic villas nestled among tranquil lakes and fine sandy beaches of immense natural beauty. One is amazed by the incredible combination of delicious cuisine, radiant sunshine throughout the year combined with internationally recognised golf courses and many other sport activities.
The development comprises 61 luxury apartments, of one or two bedrooms (T1 or T2), with areas ranging from 67 sqm to 165 sqm. Many of the apartments have a superb view of the ocean and others over the soothing view of mature pine trees and gardens. The works began at the end of 2018 in order to have everything functioning in the summer of 2019.
A bank guarantee can be issued for the renovation works if required.
Your return on investment in Formosa Park Apartments is guaranteed with a minimum annual return of 5% of the sale price in the first three years, with the right to use your apartment for up to 15 days a year, if used between 15th of June to 15th of September, ROI might be adjusted.
An apartment in Formosa Park is the ideal investment for obtaining a residence visa in the Schengen area (Golden Visa) as a holiday home prime location real estate investment.
The apartments are being currently totally renovated, furnished and equipped to a high standard. The Formosa Park Resort is already a reference of quality in the region and the total refurbishment will take the properties, to a new level of luxury. The new interiors, created by leading local interior designer, Maria Raposo, will reflect the splendour of the natural surroundings of the Ria Formosa Natural Park and the stunning beaches that are on the resort Ìs doorstep.
As part of the refurbishment, the sea-facing windows of the apartments have been opened out to maximise the views. The new design includes a transformation of the open kitchens with cabinets of a modern beige lacquered design, built-in appliances and a Nespresso coffee machine whilst the kitchen and living areas are perfectly integrated. All bedrooms are clad in a ceramic tile with soft nuances and veins. Taps and sanitary ware are of high quality and contemporary design.
JJW Hotels & Resorts owns and operates an extensive collection of luxury hotels, resorts, golf courses, spas and restaurants all over Europe (Austria, France and Portugal). In Portugal, JJW boasts three luxury hotels, five golf courses, and a world-renowned centre of golfing excellence. Guests and golfers have been taking advantage of these award-winning facilities for over 50 years.
Owners of The Formosa Park Resort Apartments will benefit from special discounted green fees on all JJW Golf Courses in Portugal. The San Lorenzo golf course is an 18-hole championship course, which has been constantly voted one of the best courses in Europe for the last 30 years. Designed by North American architects Joseph Lee and Rocky Roquemore. Whilst the 27 hole Championship Pinheiros Altos Golf is presented in three contrasting nine hole formats. Pinheiros Altos is comprised of 3 nine Hole golf courses, Cork, Pines and Olives. Both golf courses are located within fairways that run beside salt pans, freshwater lagoons and the refreshing Atlantic Ocean.