£64,906

1 bed apartment for sale

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New home

£64,906

€77,000 (€179/sq. ft)

1 bed apartment for sale

Cdg003V, White Hotel, Cape Verde

1 bed
1 bath
1 reception
431 sq. ft

Local area information

Property location

Nearby amenities

Features and description

  • Situated in Sal Rei, just 5 minutes from Estoril Beach.
  • Located on the 5th floor of the prestigious White Hotel.
  • 127.6 sqm total, including a stunning terrace.
  • Massage Pool - 66 sqm of outdoor relaxation space.
  • Large meeting room, elegant master suite, and luxurious bathroom.
  • On-site restaurant, bar, rooftop pool with solarium, gym, and massage center.
  • Condo Hotel model with a guaranteed 5% annual return.
  • Full hotel administration with no maintenance costs for the owner.
  • Owners can enjoy their suite for 30 days per year.
Suite with terrace in Condo Hotel formula
Sal Rei - We sell suites located on the first, second, third and fourth floors of the prestigious White Hotel, only 5 minutes from Estoril beach.This property is perfect for those looking for a unique property that combines sophistication, comfort and functionality with a secure and lasting investment.
The suite extends over 40 square metres (of which 8.1 square metres is a furnished and enclosable terrace). The living area consists of a large double bedroom equipped with every comfort and an elegant bathroom with shower.
On the ground floor there is a restaurant and bar, and on the third floor there is a swimming pool with solarium, a bar and a gym with massage centre.
The Condo Hotel formula (very popular in Anglo-Saxon countries) envisages that the suites are sold by notarised deed to the individual owners who undertake at the same time to rent them back to the hotel manager for 10 years in exchange for a net return of 5% per annum on what has been invested for the entire period.
The return is guaranteed by a bank guarantee from a leading institution. The owner can use his suite for 2 periods of 15 days each per year. In addition, all routine maintenance and administration costs are borne by the manager.
For further details or to arrange a viewing of the property, without obligation, please contact us. We are also available for visits on Saturdays by appointment.

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