Algarve - Portugal
Exclusive Luxury Resort
Algarve, Portugal
Situated in a village on Portugal’s Algarve coast, this resort comprises 146 apartments ranging from 1, 2 and 3 bedroom apartments with spacious mezzanines and private roof terraces, along with terraced duplex townhouses overlooking the swimming pool.
Utilising Roman and Mediterranean architectural influences, the extensive landscaping includes sunken natural stone walled gardens of cypress, olive and palm trees together with fragrant
lavender shrubs.
Location
- 6km west of the historic town of Lagos
- Less than 200 metres from the beach
- Just a short walk to all shops, restaurants, and bars
Resort Facilities
- Onsite reception & property management service
- 24 hour security
- 2 large swimming pools
- Children's pool & playground area
- Poolside snack bar
- Tennis court and Multi purpose sports pitch
- Italian Themed Restaurant
Finish Specification
- Fitted kitchen with Siemens appliances
- Underground parking space and private store room
- Video Porter
- Air conditioning and under floor heating
- Satellite TV and all mains services
- Electric Shutters
Owner Discounts
- 30% off Golf Green Fees at 7 golf courses
- 50% off use of Spa
- 20% off Food and Beverage in all developer's outlets
Rental
All rental income is subject to a 15% withholding tax that will be deducted from the amount to be paid and remitted.
- Usage for owners is 4 weeks per year
- Two weeks in Oct/Nov
- Two weeks in Jan/Feb
New Airport To Be Built
A new airport serving the Western Algarve has been given the go ahead and is expected to be built near the new international racing circuit, Algarve Motor Park, near Mexilhoeira Grande outside of Lagos. Regarded as an excellent opportunity for tourism, this airport is expected to attract both low cost and private airlines enabling more people to visit this area directly with shorter transfers.
New Formula 1 Racetrack
A new €200m Formula 1 circuit will no doubt attract the interest of Bernie Ecclestone in the hope of bringing the Grand Prix back to Portugal after Estoril lost it through safety concerns back in 1996. The Autódromo Intenational Algarve is an integrated tourism and leisure development which will include racetrack, go cart track, sports centre and 5 star resort operated by The Radisson Group. The complex will house 100,000 spectators comfortably and inevitably attract the world’s sporting media and racing fans from all around the world. Ferrari and Mclaren-Mercedes Formula 1 teams amongst others have carried out tests here in 2008 and the Superbikes World Championship, the A1GP, the Algarve 1000km (Le Mans Championship Series) and the GP2 are scheduled for 2009 along with a whole host of product launches.