Great opportunity to own a QUARTER SHARE of a 1 bedroom ground floor apartment located on the prestigious Gramacho golf resort, (next to Vale de Pinta course and part of the 5 Pestana courses), which has earned its place as one of the best golf courses in Europe.
Gramacho golf course is located between two magnificent fishing villages of the Algarve, Praia do Carvoeiro and Ferragudo, within only 5 -10 minutes drive from them - now sought-after hot spots for all year-round tourism and living - as well as from shops, restaurants and the famous beaches of Praia dos Caneiros, Benagil, Marinha, around 15 min. drive to Portimão city and 20 min. to Praia da Rocha, and about 40-45 minutes drive from Faro Airport.
With 260 hectares of unparalleled beauty, where only 50 hectares of total project area have been allocated for the development of different types of properties: including detached and semi-detached villas townhouses and apartments of various types.
On the resort there is a clubhouse with restaurants and bar (open every day from 7:00 a.m. to 10:00 p.m.), situated with spectacular views of the fairways and offering a warm and cosy atmosphere. There is a pro shop with well-known golf brands, changing facilities, services of hiring of clubs, trolleys and buggies and full golf reception facilities.
In addition to this, the resort offers a resort reception, a spa-area, a childrens playground, beautifully landscaped gardens, tennis court, supermarket, 24-h-security, and various parking areas.
This 1/4 share "Period B" of a ground floor apartment has a constructed area of 73.65m2 + 20.10m2 terraces and comprises of an entrance hallway, fully fitted and equipped kitchen with serving hatch to the dining room, living and adjoining dining room with fitted woodburner and large patio doors leading out onto the covered terrace with beautiful golf views over the 18th fairway, a double bedroom with fitted wardrobes and patio doors onto the terrace and communal gardens, separate bathroom and both internal & external storage.
The property is equipped with double glazing with fly screen, alarm system, electric heaters throughout and is being sold fully furnished.
The sale period is "B", which corresponds to the following months:
2020: February; June, October
2021: January, May, September
2022: April, August, December
2023: March, July, November
2024: February; June, October
Buying a 1/4 share for a relatively small investment you become part owner of a freehold property which is yours to enjoy throughout the year on a rotating basis.
The scheme is very simple. With three other independent parties, you own a freehold property at Gramacho Golf Resort, located in the heart of the Algarve.
Each quarter secured by individual title deeds. Buying through this well proven system considerably reduces the cost of ownership as it is split into four equal parts, each party using the property for 13 weeks of the year.
Gramacho golf complex offers 24hour security, various swimming pools (1 is heated), tennis courts, there is also a health spa, supermarket & clubhouse with restaurant and bar on site. Pestana pride themselves on how well kept all communal areas such as hedges, pathways etc are kept.
This is an ideal opportunity to own a part in a fabulous turnkey property on a very well run resort.
The Pestana Golf & Resort is responsible for all property and common garden management. This group has extensive experience in hotel management and a very solid financial foundation -and Gramacho golf resort is maintained to a very high standard including the exterior paintings of the buildings usually every 5-7 years
Due to the great communal facilities and beautiful surroundings, this Golf development appeals to golfers as well as non-golfers,
For more details about this property, or to book a viewing,