Lagos, Faro 8600

Apartment t1+ - 405 - 103sqm- fourth floor - West sun exposureThe tourist development stands out for its attention to detail, offering a harmonious environment between Intergaups stunning architecture and nature, in a privileged location overlooking the sea, right at Ponta da Piedade, Lagos.The project consists of two imposing 9-story towers with a sophisticated and modern design.One tower will be dedicated to a 5-star hotel from The Editory Collection Hotels brand, owned by Sonae Capital Hospitality, S.A.The second tower will house luxurious tourist apartments, fully equipped, furnished, and decorated interior design by the renowned Gca Architects, specialists in the art of blending innovation, sustainable technology, and eco-efficiency with handcrafted work made with care.The 72 tourist apartments, ranging from one to three bedrooms (T1 to T3), including the functional T1+ and T2+ alternatives, enjoy excellent sun exposure, either east- or west-facing.The complex offers top-tier amenities (swimming pools, spa, gym, kids club, etc.) as well as reception/concierge, housekeeping, and security/surveillance services.Owners benefit from the convenience of having their apartments managed for tourism by Sonae Capital Hospitality, under a simplified profit-sharing model:60% for the owners40% for the managing entityAdditionally, there are no usage limits for owners, who can even live there full-time and enjoy the property permanently!As for condominium fees, the estimated periodic cost is around 3/m/month.Current availability summary:T1: 500, 000 to 800, 000 average area: 63 mT1+: 550, 000 to 850, 000 average area: 84 mT3: 750, 000 to 800, 000 average area: 117 mEach comes with spacious balconies ranging from 19 to 29 m, offering breathtaking views and extending your living space into the horizon.Business conditions:Initial reservation: 10, 000Promissory Purchase Agreement: 20% down payment (minus the 10, 000)Deed: remaining 80% ref: 141872