Full Description
Sal Rei - We are selling suites located on the first and third floors of the prestigious White Hotel, only 5 minutes from Estoril beach. This property is perfect for those seeking a unique property that combines sophistication, comfort and functionality with a secure and lasting investment.
The suite covers 36 sqm (of which 3.8 sqm 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 re-let them for 10 years to the hotel manager 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 tour of the property, without obligation, please contact us. We are also available for visits on Saturdays by appointment.
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