Apartment in Lagos

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Apartment in Lagos

1

€ 500,000 For Sale

141666
Lagos, Faro
Lagos (São Sebastião e Santa Maria)

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Description

Apartment 106 - 82sqm- first floor - Sun exposition East

The tourist development stands out for its attention to detail, offering a harmonious environment between Intergaup’s 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 owners
40% for the managing entity

Additionally, 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/m²/month.

Current availability summary:

T1: €500,000 to €800,000 - average area: 63 m²
T1+: €550,000 to €850,000 - average area: 84 m²
T3: €750,000 to €800,000 - average area: 117 m²

Each comes with spacious balconies ranging from 19 to 29 m², offering breathtaking views and extending your living space into the horizon.

Business conditions:

Initial reservation: €10,000
Promissory Purchase Agreement: 20% down payment (minus the €10,000)
Deed: remaining 80%
#ref: 141666

Property Info

  • Property Type Apartment
  • Sale or Rent For Sale
  • Price € 500,000
  • Year Built -
  • District Faro
  • Municipality Lagos
  • Bedrooms 1
  • Bathrooms 1
  • Loft No
  • Garage No
  • Plot Area -
  • Habitable Area 82 m2
  • Energy Rating A

Amenities

  • elevator

Points of Interest

    This property has no Points of Interest defined.
iad Portugal
Real Estate Agent AMI: 11220
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Expats Portugal
Expats Portugal
Expats Portugal