Sale of Prime Real Estate
‘Village Marina Olhão’ in the Algarve, PORTUGAL Prime Real Estate Investment
Prime Real Estate Investment + Golden Residence / EU Passport
RESORT ALSO KNOWN AS ‘THE REAL MARINA RESIDENCE’
TABLE OF CONTENTS 1
VILLAGE MARINA, Olh達o:
What is the Product?
VILLAGE MARINA - Unit Price List:
How much will it cost?
How will the investment perform?
VILLAGE MARINA - Managed Service: Why Olh達o in the Algarve?
What next? How do I buy one?
Photo gallery of: VILLAGE MARINA:
What does it look like?
Why not somewhere else in Europe?
June 2014 2|P ag e
1. The Village Marina - Olhão: Village Marina (VM): The Village Marina in Olhão ideally situated right next to the sea and only a 20 minute drive from the International airport at Faro. VM combines architectural style with innovative design and high quality construction. The resort has been awarded an A+, the highest classification on energy certification for buildings in Portugal. This will mean reduced energy bills on these investments.
Village Marina Spa: Embark on your experience at the Real Spa Thalasso with an invigorating dip in the saltwater pool or whirlpool bath, while contemplating the extensive selection of treatments that await you. A team of experienced therapists ensure that guests derive the utmost benefit and pleasure from tailor-driven therapies, in modern treatment rooms that face the beautiful estuary. Thalasso Circuits will be devised to target your specific areas of need and are complemented by a wide selection of thalasso body and facial treatments, including cleansing and oxygenating facials, detoxifying body masks and specialised moisturising therapies. In addition to the thalasso circuit, hydrotherapies include Vichy shower, Scottish shower and numerous oil and mineral baths. The spa offers ancient massage techniques including Shiatsu, Ayurveda, Thai Yoga, Aboriginal and Lomi-Lomi which complements a long list of specialised massage treatments. The spa also offers Reiki, physiotherapy and naturopathic therapists to offer the best advice on your health and well-being. Real Spa Thalasso has also developed a unique six-day ‘Thalasso Cures’ programme that draws on the healing properties of sea water, sand and algae-based remedies to treat a range of ailments, including rheumatism, stress and smoking. Personalised one-day, three-day or six-day treatment programmes can be created to detoxify and energise the entire body, leaving you feeling brand new. OWNERS’ PRIVILEGES at the Spa: Guests receive a 50% discount on the ‘Treatment of the Day’ and spa memberships are also available, which will keep you coming back for more! 3|P ag e
2. Availability & Price List at Village Marina:
Village Marinaâ€™s Qualifying Properties: We have secured an exclusive deal on a number of apartments within this resort. Each apartment has been heavily discounted with prices of â‚Ź245,000 for a T2 and â‚Ź305,000 for a T3 (see discount details on page 10):
There is a negotiated Pricing Package which follows, containing details of the discounts and features that are included with each sale.
Plans and specifications for the real estate units that are available for purchase are also enclosed in this section.
4|P ag e
a. Negotiated Pricing Package for Village Marina: The Deal: We have negotiated an exclusive opportunity for potential buyers on the Village Marina which includes both a substantial discount to the normal sales price and lifestyle benefits taking advantage of all that the Village Marina has to offer. Exclusive to this package are:
Purchase price: Priced at realistic levels see price list on page 9.
6% Rental contribution: (2% x 3 years) to be deducted from the already discounted purchase price.
Purchase costs’ to be paid by purchaser: (IMT, notary, stamp duty, registration fee) costs between 6-8% of the purchase price (% cost based on purchase price
Full Furniture package included: worth circa 5% of the purchase price.
b. Plans & Specification at Village Marina: Specifications, Plans & Views: The resort has been built with very high building specifications and to a quality that will impress buyers. Each Block is split into sections of 6 to 8 apartments which share a roof-top pool with spectacular views over the Ria Formosa Lagoon. The following are examples of what the resort has to offer but please contact us for details on the individual units.
Apartments: All the properties come with very high specifications and quality of white goods. In all the real estate units you can expect:
Air-conditioning that both heat and cool. Wooden flooring in eco-friendly wood throughout the apartment. Fully fitted kitchen with Siemens equipment and granite worktops. Every apartment has a balcony. Fitted wardrobe bedrooms. Full double glazing with varnished aluminum shutters with heat isolation and electric controls. Security system. Selection of international TV channels. All furniture included.
5|P ag e
6|P ag e
7|P ag e
8|P ag e
c. Prices & Availability: Type
No. Of Bedrooms
Size Gross Area M²²
Balconies or Terraces M²
List Price €
Discounted Price €
Negotiated 2% (x3 years) Rent Contribution €
Discounted Price €
Total discount from Original List Price €
Reservation Procedure: Once a plot has been selected it will be held for 7 days pending the completion of the reservation agreement and payment of the 5% deposit. Once this has been executed, we will send back the signed agreement as a receipt.
9|P ag e
3. Rental Income – The Investment in Village Marina: The Village Marina Apartments combines its privileged access to the beaches, estuary and Olhão’s new leisure marina with all the luxury and comfort one expects from a premium resort. Its accommodation could not be more convenient or luxurious, offering apartments ranging from one to three bedrooms, allowing all your loved ones to stay together. The apartments also have fully equipped kitchens, giving you complete independence. Located just 20 minutes from Faro Airport, The Village Marina complex includes all the first-rate facilities of a top 5 star hotel at the neighbouring ‘The Real Marina Hotel and Spa’, including swimming pools, panoramic restaurants, bars, Internet access, a fully equipped gym and luxurious Thalasso spa. Guests can enjoy the use of all these facilities at an additional charge. Combine all the sumptuousness and facilities of a superbly situated superior hotel with the convenience and freedom of a fully equipped apartment at the new Village Marina (Real Marina Residence) and it become clear that the rental potential for these apartments are outstanding. We have provided some guidance to the potential rental income for both a two bedroom and three bedroom apartments. The information below is based on a minimum of just 16 weeks occupancy, clearly this is very much a worst case scenario but even on this basis owners of these apartments will secure yields of around 4%
Projected rental income: 2 Bedroom Apartment Marina Village Olhao Low
Launch Purchase Price € 245,000.00
Yield % 3.73%
3 Bedroom Apartment Marina Village Olhao Low
Notes: These figures are provided for guidance only.
10 | P a g e
Launch Purchase price € 305,000.00
Yield % 4.04%
4. What does Olh達o and the Algarve have to offer? Why Olh達o & the Algarve: Investment purchasers are aware that Olh達o, which can be easily reached in around two hours via direct flights from the UK, Ireland and mainland Europe, is an ideal alternative to long haul destinations for sun seekers, offering near year round rental opportunity as well as a superb second home location.
11 | P a g e
LOCATION OF OLHÃO VILLAGE MARINA
Facts on Olhão: Situated on the southern coast of Portugal the Algarve and Olhão enjoy a warm climate all year round with sea water temperatures between 17⁰C to 23⁰C. The Village Marina is directly on the Ria Formosa lagoon with spectacular views out to sea so there’s no chance that someone can build in front of the resort and spoil the view! Olhão is the largest fishing port in the Algarve and is rightly famed for its sea food restaurants, cooking fish that has been caught fresh that morning. The town itself is two hundred metres from the Village Marina along the water front and there is a long, very pleasant, paved promenade with cool gardens (Jardim Pescador do Olhanense) to escape the heat of the sun. The town itself doesn’t have a beach, but regular ferries take day trippers to the other side of the lagoon to the islands where the beautifully clear water, with many species of fish, is perfect for diving and snorkelling. Olhão is definitely a city on the up as far as tourism is concerned, with the Ria Shopping centre with its 3 floors of shops and restaurants and cinema and if that is not enough there are numerous golf courses all a short drive away. Being so close to Faro means short transfer times so you are on holiday before you know it!
Airlift / Airways Frequency: There are frequent flights to and from all over mainland Europe which include the following airlines: TAP, EasyJet, British Airways, Ryan Air, Air Berlin, Thompson, TUIFly, Condor, Jet2, Monarch, Lufthansa.
Traditional Peak/Low Seasons: The traditional peak season for the Algarve is July and August during which you can expect near to 100% occupancy of your investment. The shoulder months of June and September also prove popular with foreign tourists looking for the sun and during the low season there are always visitors looking to play golf or just escape the harsher north European winter.
Things to see and Do: Activities available in the Algarve include the following: Activities Swimming
Activities Boat Trips
Snorkeling Diving Wind Surfing Tennis, Football
Sport Fishing Sailing Golf Horse Riding
Surfing Paragliding Football matches Go-Karting
12 | P a g e
Events & things to do Shopping (either in Olhão or nearby Faro) Fish Markets Visit Spain (only 50km from the border) Olhão Seafood Festival (August) Beaches Restaurants and Clubs, Nightclubs Nature Parks and Marine Reserves
Temperatures/Climate: January February
5. What to do next? Please contact our office staff:
Attn: Mark Read – Sales Director Tel: +44 203 044 2878 Mobile: +44 7572 260776 Website: www.insightinvestments.eu Email: firstname.lastname@example.org
6. PICTURES 13 | P a g e
Village Marina from the Sea
Resort entrance 14 | P a g e
Roof Top Pools
15 | P a g e
16 | P a g e
17 | P a g e
18 | P a g e
High Quality Design and Construction
19 | P a g e
Appendix 1: Information on purchase costs when buying in Portugal IMT - Imposto Municipal Transmissões Onerosas de Imóveis: IMT is the tax payable by the buyer on acquisition of property. The tax payable is calculated on the purchase price of the property declared by the parties on completion. For residential property for non residents/second home see table below showing latest costs: Property value Up to € 92,407 Over € 92,407 up to € 126,403 Over € 126,403 up to € 172,348 Over € 172,348 up to € 287,213 Over € 287,213 up to € 550,836
Above € 550,836
Amount to be deducted
€ 11,035.25 Single rate of 6%
Please note: Some other cost like registration fees etc. will also have to be paid but these are small costs and PLMJ will go through all these costs with you once you have selected an apartment/villa and we have introduced you to them. STAMP DUTY - Imposto de Selo: Stamp Duty is also payable on acquisition of property and is calculated on the purchase price declared by the parties on completion.
20 | P a g e
Appendix 2: An introduction to Insight Investments: Insight Investments - A property development and sales specialist with unrivalled experience in the Portugal market (see www.insightinvestments.eu). Insight Investments is a UK company and has been active in Portugal for many years as well as Spain and the USA, alongside its business interests within the UK. The company has significant international property investment experience and has worked in partnership with many international property developers, banks and institutions over this time. We have created a truly one-stop-shop for investment buyers in Portugal to make their investment as worry-free as possible. We have organised partnerships or established companies in Portugal to make sure the needs of the investor(s) are looked after post property purchase. If the services are required we are able to provide the following: (1) Letting & Management. (2) Garden Maintenance & Pool cleaning. (3) Furniture set-up. PLMJ: PLMJ is one of the leading Portuguese law firms in both size and market reputation. It operates from offices all over Portugal, as well as the Portuguese speaking countries of the world including Brazil, Angola, Mozambique, East Timor and Macau. They also have representational offices throughout China via Dacheng Law Offices. PLMJ is known internationally for its professional reputation, which includes: High ethical standards which is cohesive, socially responsible, specialised and competitive Providing a first-class legal service Strong international partnerships Good focus on client’s requirements and then delivering a quality service at a reasonable price Ability to constantly adapt to the competitive and regulatory environment.ncy
21 | P a g e
Insight Investments Ltd take all reasonable care to ensure that the information contained in all of its documentation is accurate and all details provided are for guidance only and any investment models, cost projections, photographs, floor plans, sizes and specification are subject to changes and only give a general indication of the property. Insight Investments and its group of partners cannot warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omission therein. It is the responsibility of the purchaser/ investor to take such legal and financial advice as they think fit bearing in mind the nature of the investment.
22 | P a g e