 Special discounted properties for sale at Condominio Panorama, Lagos
These apartments have been finished to an ultra-high standard and are enviably located on a hilltop with extensive views over Lagos.
The apartments are completed and ready for occupancy and rental.
Condominio Panorama is located in a quiet, established residential suburb, on one of the highest points of the ancient maritime town of Lagos in the Algarve.
With panoramic views extending over the entire city, the marina plus the beautiful coastline and the picturesque area of Monchique, this development of 37 apartments sits in a perfect location.
Near to the city centre, just 1km from the Marina and 5 minutes from both Palmares and Boavista Golf courses, Condominio Panorama also lies close to a variety of beaches including Meia Praia, which boasts 4km of white sandy beach. |
A special purchase price for two and three bedroomed luxury Apartments in Lagos, Algarve Portugal.
2 bedroom apartment on the ground floor with a bank valuation of 334.000€
Discounted to 267.200 €
With 100% bank finance (subject to status)
3 bedroom apartment on the ground floor with a bank valuation 420.000€
Discounted to 336.000€
With 100% bank finance (subject to status)
Loan Repayments (over a typical 25 year capital and interest repayment mortgage)
• 2 bedroom apartments: 1,241.12€ pm = 14,893.44€ pa (As at 01/04/2010)
• 3 bedroom apartments: 1,560.69€ pm = 18,728.32€ pa (As at 01/04/2010)
Rental Income
Having spoken with property management specialists, based locally and in the UK, the anticipated rental income figures for these apartments are:
• High Season: 900€ per week for 2 bedroom & 1200€ per week for 3 bedroom
• Mid Season: 700€ per week for 2 bedroom & 950€ per week for 3 bedroom
• Low Season: 500€ per week for 2 bedroom & 700€ per week for 3 bedroom
We maintain that by using 2 proactive agents occupancy can be as high as 60%. Assuming this 60% occupancy, and using average weekly rentals of 700€ for the 2 bedroom apartments and 900€ s for the 3 bedroom, this will generate:
• 2 bedroom apartments : 21,840€ per annum
• 3 bedroom apartments: 28,080€ per annum
2 bedroom apartment on the 1st floor with a bank valuation of 335.600 €
Discounted to 284.480 €
With 100% bank finance (subject to status)
3 bedroom apartment on the ground floor with a bank valuation 434.800 €
Discounted to 347.840 €
With 100% bank finance (subject to status)
Loan Repayments (over a typical 25 year capital and interest repayment mortgage)
• 2 bedroom apartments: 1,321.38€ pm = 15,856.56€ pa (As at 01/04/2010)
• 3 bedroom apartments: 1,615.69€ pm = 19,388.28€ pa (As at 01/04/2010)
Rental Income
Having spoken with property management specialists, based locally and in the UK, the anticipated rental income figures for these apartments are:
• High Season: 900€ per week for 2 bedroom & 1200€ per week for 3 bedroom
• Mid Season: 700€ per week for 2 bedroom & 950€ per week for 3 bedroom
• Low Season: 500€ per week for 2 bedroom & 700€ per week for 3 bedroom
We maintain that by using 2 proactive agents occupancy can be as high as 60%. Assuming this 60% occupancy, and using average weekly rentals of 700€ for the 2 bedroom apartments and 900€ s for the 3 bedroom, this will generate:
• 2 bedroom apartments : 21,840€ per annum
• 3 bedroom apartments: 28,080€ per annum
Condominio Panorama presents a wonderful opportunity to invest in a completed and ready to let property of the highest caliber, located on the top of a hillside overlooking Lagos.
This luxury Mediterranean style development is built to an incredibly high finish, using only the very finest materials and fittings.
• Luxury kitchens and bathrooms crafted in marble, granite, hand cut and mosaic glass tiles, and designer fixtures enhances both the 2 and 3 bedrooms apartments as well as the duplex and penthouse options
• AEG appliances
• Large terraces
• Private parking and storage
• Built in barbeques with most properties
• Roof terraces with private hot tubs on all top floor apartments
 The 5* quality finish extends beyond the apartments to the extensive communal areas and facilities on the development which boasts;
• Outdoor heated pool with panoramic views
• Seperate children's pool
• Indoor pool
• Sauna and Steam room
• Relaxation areas
• Fully equipped gym
• Indoor children's play area
• Landscaped gardens
• State of the art gymnasium
Interested? Contact us
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