ApartmentSintra (Portugal)

Price :

$409,500

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface38 m²bathroom1

Studio apartment with 38 sqm located in Praia das Maçãs.This studio has a kitchenette and a small dining area at the entrance, a complete bathroom and a bedroom area.Pleasant outdoor area of 8 sqm overlooking the sea and the Aparthotel swimming pool.The apartment is sold fully furnished and equipped.This is a unique product, with high standards of construction and quality services, a great location, and developed by a reputable team with a very solid track record.It has a unique location in the prestigious area of Sintra, right in front of one of Portugal's most famous and iconic beaches: Praia das Maçãs.This 4-star luxury Aparthotel aims to be a unique product in the area, aimed at a young, creative and sophisticated public, looking to experience life at its best.Here we find 110 apartments - including studios and one-bedroom apartments. Two buildings function as an aparthotel and the middle building offers social and leisure areas, including a restaurant with a healthy and local food concept, an events room for 50 people, gym, spa, outdoor and indoor swimming pools and private parking spaces for each unit.All the apartments have balconies and unobstructed views of the sea and the beach.During the summer, the Hotel will be promoted as a great beach accommodation with outdoor activities related to hiking, mountain biking, climbing, surfing, paddle, among others.During the winter, the Hotel offers great conditions for the MICE sector (Meetings, Incentives, Conferences and Events), as well as for mindfulness and wellness retreats.Buying an apartment in this Aparthotel is an excellent investment option. 'Buy to Let' is a well-established and secure investment concept in which the owners retain full ownership of the units, leaving the management to an experienced hotel team who will generate income by renting them out; investors can use the units 14 days a year free of charge. The Group expects to generate returns for investors of between 5 and 7% per year (according to a market study carried out by the Hospitality team).Profits are distributed in a pool system: the owners receive 70% and the management company receives 30% of the net profit from hotel management.There are no legal restrictions on foreign ownership of real estate in Portugal. Investors can buy individually or through corporate structures.Sintra is one of the most urbanized and densely populated municipalities in Portugal. It is an important tourist destination famous for its picturesque surroundings, historic palaces, castles, scenic beaches, parks and gardens. Sintra is a UNESCO World Heritage Site. The project is located opposite Praia das Maçãs, one of the most popular beaches within walking distance of Lisbon.The area has a fantastic, distinctly Portuguese atmosphere, full of local and traditional cafés, bakeries and seafood restaurants.Accessibility is excellent due to the proximity of freeways, giving you the chance to live in the peace and quiet of the Sintra mountains and sea, but at the same time be able to reach Lisbon in just 25 minutes. Energy Rating: B- #ref:APA_9847