Elite Resort in Portimao

Name: Sales in Elite Resort started!
Start: 2022-01-30T21:58:40.065960+00:00
End: 2023-12-31T23:59:59+0000
Location: Elite Resort

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Project info

Object ID: 17646

Finished at	January 2022
Price, m²	From 6240$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.00 m²
Floors	5
Apartments	60
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

312,000$

Net profit

6,783$

Payback period

34.6 years

Avg property value increase per year

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About the project

New luxury development in the heart of Praia da Rocha just 150m from the beach. Elite Resort spans 5 floors with 60 spacious apartments ranging between T0 - T2. All apartments have fully equipped & fitted state-of-the-art kitchens with top range appliances including dishwasher, fridge freezer & washing machine, bathrooms include bath/shower, wall mounted sanitary ware & sink unit with stainless steel fittings & solar panels for sanitary water heating & bedrooms include fitted wardrobes. With quality flooring in bedrooms, lounge & kitchens & ceramic tiled floors & walls in bathrooms. Windows are double glazed with electric shutters & there is thermal & acoustic insulation plus central vacuum system. Each apartment also has a box garage, equipped with electrical installation for electric car charging & carbon monoxide detection system. Apartments have pre-installation for air-conditioning & underfloor heating & have cables for TV & fibre optic broadband. The entrance has automatic access with individual remote control & video intercom. The resort has green leisure areas, gardens, swimming pool, spa with Turkish bath & sauna, gym, playground & multi function sports area for mini-tennis, volleyball & basketball.