Apartment in Lagoa

Algarve, Portugal

€164,000

1 1 1
Property description

The Vines complex presents a perfect turnkey combination between a holiday home and an investment project.

"THE VINES" complex is located in a well-known wine estate "QUINTA DOS VALES" founded in 2007 and widely recognized as the main producer of wines in the Algarve, with its wines winning the distinction "Best wine in the Algarve" 7 of the last 11 years .

Without forgetting "Art" - Quinta dos Vales is an immense art gallery in the "open sky", with more than 100 sculptures displayed on the ground, ranging from 30cm to 7 meters in height. The vast majority of the sculptures are made by Karl Heinz Stock (owner and founder of Quinta dos Vales), and attract thousands of visitors to the property every year, during its events, wine tasting, and spend a holiday at this magnificent property

The Quinta is located in Estombar, a typical village that keeps its Algarvian charm, and is located between Lagoa and Portimão and only 6km (max. 10 minutes by car) from Carvoeiro and Ferragudo the 2 most picturesque villages and its beaches of Algarve, and also only 40 minutes from Faro airport.

THE VINES complex is surrounded by picturesque hills, covered with vineyards, for nature lovers and of course wine, THE VINES offers unparalleled peace and tranquility and offers individuals the possibility of buying a property in the heart of this picturesque estate, combining holiday homes and an investment opportunity.

The Vines consists of 16 independent suites / apartments, perfectly balancing the indoor and outdoor areas offering these holiday homes an optimal comfort to enjoy on your summer holidays as well as on the cooler months.

Each apartment consists of a bedroom, a bathroom with shower, an open plan kitchen and living room, as well as a private terrace, harmoniously integrated in a cozy private garden with a pergola.

The apartments are equipped with;
Electric underfloor heating
Air conditioning (Daikin)
Premium kitchens (Santos & Silestone)
Double glazed windows and doors
Hot water production using solar energy
Natural marble flooring in all internal divisions
Natural marble floor on the outdoor terrace.

They also have the following facilities on site:

2 pools, one of which is heated throughout the year
Additional storage facilities, upon request
Restaurant and bar
Gymnasium
Tennis court
Paddle court
Mini golf
Park with animals

The apartments are available in two types,
Second and third row apartments with 42m2 of living area and 76m2 including terraces and garden
First line apartments with 52m2 of living area and 92m2 including terraces and garden

Prices range from 164,000 to 225,000

The completion of the complex is scheduled for 2020,

When buying one or more apartments, the new owner, if he wishes, during the weeks that he does not use his property, can use it on the rental scheme provided by the The Vines complex (and his experienced team from Quinta dos Vales ). The yield credit is calculated up to 4% return on the purchase price (excluding furniture, equipment and transaction costs), also the condominium costs are not included and will not be deducted from this amount, these will be paid separately.

The complex presents other advantages to its new owners, one of them the unique opportunity to rent or buy "a piece of vineyard" between 650m2 and 8000m2, and to produce your own wine with high quality grapes that have been cared for with the help of highly qualified specialists.

Contact us for more information and schedule a visit to this unique complex . Viewings also available through video call.

Property Details

Reference AC295
Town Lagoa
Province Algarve
Country Portugal

Location
Property Type apartment
Built Area 42.00m²
Plot Area 76m²
Property Features
Air conditioning
Tennis court
Central heating
Heated floor
Closed condominium
Close to the beach
Garden
Swimming pool
Energy Certificate: B

This property is listed by:

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