NO MONEY DOWN PURCHASE IN ONE OF THE ALGARVE’S TOP CHAMPIONSHIP GOLF RESORTS

Direct from the developer, we have negotiated a NO MONEY DOWN* deal which sees you, the investor, able to buy a 2-bed property metres from the golf course at 15% discount against the developer’s original list price, and including all closing costs including a professional turn-key furniture pack. All properties have golf views and all have spectacular roof terraces with panoramic vistas of the golf, the development, distant villages and the surrounding countryside. This is a unique opportunity to purchase truly discounted stock on a development where a luxury hotel has recently been approved!

Within minutes of one of the region’s most popular fishing villages, the development has the following features:

• An established resort of which contains properties of exceptional quality
• Membership of the championship 18-hole golf course worth €30,000 (included in price as deeded title)
• 50% discounts off green fees, and preferential tee times
• Spa, bowls, football, archery, a range of multi-surface tennis courts,  a choice of themed restaurants and cafés, including owner discounts at all of the above
• Located within a short drive of the village of Salema
• Walking distance to supermarket and local town with cafés and restaurants
• Less than 2 kilometres from the beach
• Just 15 km west and 10 kilometres east of the of the historic towns of Lagos and Sagres, respectively
• The resort comprises detached executive villas, semi-detached villas and terraced 2 & 3 bed townhouses
• Onsite receptions & property management service
• Luxury spa with a range of treatments
• Resort has several pool complexes, including children’s pool
• Resort has programmes activities such as football academies, charity golf events, scuba diving, organised tours, etc
• Fully fitted kitchen with De Dietrich appliances
• Fully integrated internet and satellite television system
• Air conditioning throughout
• Turn-key furniture pack

A summary of the deal:

• NO MONEY DOWN*
• 15% discount off list price, discounts of €59,625
• Discounted units priced from €337,875
• Closing costs reimbursed by developer
• Guaranteed bank mortgage from a leading bank (subject to status)
• Interest rates at Euribor + 0.8%
• Completion bond agreement in place for remaining amount, with costs rolled up into developer cashback at completion
• 2 years’ rental guarantee which will be applied to outstanding developer capital
• High quality furniture pack

* Under Portuguese law, clients will be required to pay the stamp duty, notary fees and some associated costs prior to completion, at which time the costs will be refunded in full by developer.