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Description
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