Homes Abroad the UK's leading guide to Holiday Homes Abroad

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  • Algarve
Price £218,875
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Property Description

Longevity Wellness resort Monchique/Algarve is a unique $ 50 million development

The Longevity Wellness Resort is 5 Star Development in the mountains of the Monchique region of The Algarve, just 15 minutes from the coastline and nearest town of Portimao. It officially opened July 2010 and has continued to receive excellent reviews and press. It really is unique to Portugal, it has been designed as a luxury Spa resort offering everything from just somewhere to go and relax by its pools, to having a full ‘health-check’ and daily treatments ranging from massages to cosmetic surgery.

We have secured 20 units exclusively and directly from the developer direct and are able to offer these on a fantastic financial package to our investors.–

Beautiful views over sea and mountains

***** 5 STAR *****

The 195 unit development ,nine acre condo resort hotel is located in a lush area with 83% of the property marked as protected natural reserve.

The confirmed deal structure is –

30% instant equity based on valuation from £75,000/ €90,000

75% mortgage from just £195,625 sterling (based on Prices from €313k )

Fully furnished 1 x bed, 2 x bath apartments (€15,000 furniture pack INCLUDED)

Upfront commitment fee of £2550 (this includes a £550 non refundable admin fee)

3 Year mortgage paid

A 4% income for years 1-3 of approx £9,000 (based at the lending rate being 2.5%, therefore client will be making the 1.5% difference as profit, which is around £3k per year as well as the mortgage being paid!)

Year 4– 50/50 split of income with management company to achieve rental income to cover mortgage/costs, and receive a good profit

Developer projecting a 6.5-7.5% income year 4 onwards based at 65% occupancy (see attached projections)

3 years condo fees paid

4 weeks a year personal usage (personal usage is not totally free, the client will be required pay just 10% of the room rate charge for the period they choose to visit, but there are no additional fees to pay when they stay – i.e. maid/turndown/weekly check out clean etc)

Part of ‘Interval International’ worldwide network group – trade personal usage for weeks away elsewhere globally

The First Resort Dedicated to Well-Being in the Algarve

Let yourself enjoy the idyllic sceneries that invite contemplation or exercise through the countless outdoor activities.Nestled in the Green Hills of Monchique amid very low density
development, Longevity Wellness Resort is a luxurious
Eco-Friendly Resort with a unique Wellness approach, combining
state of the art engineering and architecture perfectly fitted into
the exceptional landscape. Within the most beautiful sea
and mountain range enclosures, you are sure to find the ideal
setting to enjoy moments of unique and revitalizing pleasure

The healing garden of Algarve, surrounded by a majestic mountain range
and marvelous varieties of exotic flora and fauna, the tranquil region of Monchique is located in an unspoiled natural reserve. Here one can
experience a charming and relaxing lifestyle with spectacular mountain views over the Algarve coast.

Located on the southern coast of Portugal, the Algarve region is a world renowned tourist destination and undoubtedly a place
of choice for sun-lovers and for all those seeking well-being in its most diverse possibilities.

Ideal for a wide range of sports and leisure activities, the Algarve is an elite destination for Golf players and was elected as the “Best Worldwide Golf Destination” in 2006 by the Global Trade Association of the Golf Tourism

A magical place...

Longevity Wellness Resort is the first undertaking in the Algarve with an integrated approach in Wellness, to inspire you to experience optimal physical, intellectual, social and spiritual balance.
Prepared for medium and long-term stays, the Resort offers a collection of unique infrastructures and services designed to provide a superior
guest experience.

An exclusive Anti-Ageing Medical Spa, indoor (heated) and outdoor swimming pools, restaurant
& bars, fitness centre, library, cinema room, internet café, meditation room and several
recreational and cultural activities are just some examples of how you will feel right at home.
. A four star plus resort made up by different apartment blocks, hotel facilities, several
leisure areas and underground parking.
. A unique area covering 20,000 square meters of panoramic gardens and walking trails.
. Just 45 minutes away from Faro airport, 20 minutes from the beautiful beaches of Portimão, Alvor and the Vicentina Coast, near top-rated Golf courses and less than 10 minutes away from the new Algarve Highway.

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