Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Ocean Apartments
AT A GLANCE
- Ocean 2 bed duplex apartments
- No deposit required
- Just 6 available
- Located in Porches, Portugal
- From €208,600
- Legal fees and taxes paid
- Up to 29% discount from valuation
- Luxury specifications, 5 star fully furnished properties
- Exclusive location with high rental and capital growth
- Up to €10,210 cashback available on completion
Fresh Invest
Fresh Invest
A true no money down deal with the possibility of cashback, outstanding value. Dan Chamberlain Director
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In detail
The Opportunity:
Ocean Apartments is an intimate development of fully furnished apartments that you require no deposit to purchase. All the closing costs are included meaning you can own one of these beautiful homes without capital outlay. Please note this offer is subject to terms and conditions.
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We believe this latest find offers truly unique potential. It will appeal to those motivated by high rental returns as well as those whose primary concern is capital growth.
The Ocean Apartments comprise 60 comfortable holiday suiteswith direct access to the beach in the central Algarve. They form an integral part of a large beach resort that occupies a prime position above the beach at Senhora da Rocha close to Porches.
The Resort:
These 2 bedroom duplex apartments form part of a renowned beach resort, with its fabulous gardens and spectacular panoramic views over the ocean, the resort boasts direct access to the beach.
Internally apartments have been newly refurbished to a modern standard and boast air conditioning, fully equipped kitchens, satellite TV and safes.
All apartment owners will have use of the many on site resort facilities including four fresh water pools, poolside bistro, floodlit tennis court, gardens and children’s play park, multifunctional field for tennis, basketball and football, health club, wellness centre with treatments and therapies, Jacuzzi, sauna, games room, squash court, meeting rooms, 2 restaurants and bars. There is also an entertainment programme for adults and children giving this resort prime rental potential.
Financials:
Here's an overview of how the funding works for this deal.
- 80% Loan to Value (LTV) interest only mortgage is arranged for you with a Portuguese Bank.
- The loan covers the purchase price of the property which is around 70% of the value, and 9% closing costs (lawyer’s fees and taxes).
- You may receive a discount up to 29% and a potential equity up to 15% after the purchase completes.
- You will need to pay for your Portuguese fiscal number around €200 immediately.
- Potential Cash back available of up to €10,210. Please reference official price list for individual figures.
Location:
Located in the central Algarve region of Southern Portugal, just a 5 minute drive from the town centre of Aramação de Pera and 15 minutes from Albufeira, the Ocean Apartments combine the exceptional onsite facilities of the 4 Star beach resort hotel with great transport links. Proximity to the A22 motorway provides access to Faro International Airport in 40 minutes.
The 18-hole championship golf course at Pestana´s Vale da Pinta in addition to the Pestana Gramcho, Silves Golf, and Alto Golf is a just a 10 minute drive away.