PORTUGAL - Wellness resort apartments in the Algarve

Region: Algarve
Location: Monchique

The Eco-Friendly resort will have a 4 stars plus rating and is envisaged to be a unique product in the Algarve. Its distinctive features are:

* Surrounded by the hills of Monchique, with a gorgeous costal view, nestling in a green forest amid very low construction density making this a unique offering;

* The first Resort in the Algarve aimed at medium and long stays (greater than 1 month) offering a set of infrastructures and activities for longer stays - such as SPA, fitness room, indoor and outdoor pool, library, games room, cinema room, cyber cafe, prayer hall and a series of indoor and outdoor activities aimed at providing a well-balanced and diversified lifestyle for our medium and long stay customers.

* The first Resort in the Algarve prepared to accommodate 45+ growing needs both from a building environment (e.g. walking showers) and from an amenities and services point of view. This Resort approaches Wellness from an integrated perspective and the activities will aim at improving the physical, social, intellectual and spiritual dimensions of Wellness.

* An environmentally friendly architectural and engineering project, maximising the use of solar energy and rain water and leveraging the utilization of environmentally sensitive utilities features across the Resort.

* 195 one bedroom apartments rising no higher than 3 storeys. Every apartment will be finished to a very high standard and be both fully furnished and equipped, each apartment boasting a balcony, kitchenette and two WCs.

* An exclusive condo-hotel product in the Algarve where property owners may use their apartments when they are in and put in a central and professional rental system when they are out, allowing for a nice rental income to cover condominium, maintenance and mortgage costs while the property is growing in value.

* A unique 20.000 m2 area of landscaped gardens and walking trails for hotel guests.

* Just 45 minutes from Faro airport, 20 minutes from the beautiful beaches of Portimao, Alvor and the Vincentina coast, near top-rated golf courses and less than 10 minutes away from the new Algarve Highway.

* Bank financing of up to 80% of the acquisition price is available.

* 5% Rental Guarantee over the first 3 years.

Completion: July 2009

Prices from: 200,000 Euros