710 000 €

Apartment T1 in Cascais e Estoril, Cascais

Cascais, Lisboa

67,18 m²

1 Bedrooms

1 WC

2^ndfloor

Elevator

Garage

Energy efficiency

Apartment T1 for sale

1 bedroom flat for sale Sheraton Cascais Resort is located in the stunning Quinta da Marinha, the most exclusive residential area in the Lisbon region. Framed by the charms of the Sintra Mountains, Guincho and the bay of Cascais and just 20 minutes away from the centre of Lisbon, Sheraton Cascais Resort is the heart of a combined landscape of pine trees and golf courses, where you can smell the Atlantic Ocean and enjoy true tranquillity in fullness 138 Hotel Rooms a) 44 Rooms b) 73 ...1 bedroom flat for sale Sheraton Cascais Resort is located in the stunning Quinta da Marinha, the most exclusive residential area in the Lisbon region. Framed by the charms of the Sintra Mountains, Guincho and the bay of Cascais and just 20 minutes away from the centre of Lisbon, Sheraton Cascais Resort is the heart of a combined landscape of pine trees and golf courses, where you can smell the Atlantic Ocean and enjoy true tranquillity in fullness 138 Hotel Rooms a) 44 Rooms b) 73 Suites (T1 Apartments) c) 20 Family Suites (2 bedroom apartments) 1 Panoramic Suite The Residences - 53 Apartments of typologies T3 & T4 - SOLD Management with the Sheraton brand, part of Marriott, one of the most prestigious luxury chains in the 5-Star segment worldwide, in what will be its first hotel unit in Portugal. The complex also includes the multi-award-winning Serenity SPA, Glass Terrace and Yakuza restaurants, conference and meeting areas, swimming pools, gardens and Kids Club. All 1-bedroom apartments are fully decorated and equipped according to the high standards of the Sheraton and Marriott International brand. Q1 - From €600,000 to €825,000 INVESTMENT MODEL Managed Tourism Exploration Agreement with the Sheraton brand, part of Marriott International, for a period of 15 years, renewable for periods of 5 years Guaranteed minimum return - 2 Options a) 7% during the first 5 years - NO Owner Use b) 5% during the first 5 years - COM Owner Use Owner Use - Use of the property by owners up to 12 (4+8) weeks per year, with a maximum limitation of 2 weeks in high season (July and August) Type of acquisition - Full Ownership The profitability distribution is calculated on a daily basis on the accommodation revenue of all units, after deducting operating expenses, and distributed according to the coefficient of each unit in the Rental Pool. The coefficient of each unit is determined by the permillage corresponding to the area of each fraction in the universe of units in tourist operation. Operating expenses include the Reserve Fund, which will be used to cover any expenses that may arise during the course of the tourism operation contract and that are related to the wear and tear caused by use, its regular maintenance, replacement of necessary equipment, and ultimately the renovation of the unit itself following its natural end of cycle. Also the insurance necessary for the exercise of the tourist activity and the values related to the condominium are included in the item of operating expenses, as well as the management fees of the management company. The Periodic Installment (Condominium), Insurance and Reserve Fund (repairs and maintenance, replacement of equipment and eventual renovation of the unit) are included as Operating Expenses, which allows us to distribute to our Owners the Net Profitability, only 'Before Taxes' OWNER BENEFITS All property owners in the UIP universe (Pine Cliffs Resort, Sheraton Cascais Resort, Quinta Marques Gomes and Hyatt Regency Lisboa) benefit from a package of privileges such as; UIP Owner Preferred Rates at hotels and resorts owned and managed by UIP (Pine Cliffs Resort; Sheraton Cascais Resort; Yotel Porto; Hyatt Regency Lisbon UIP owner discount of 25% in F&B valid at all UIP operated restaurants at its properties. UIP Owner Discount for use of the Serenity Spa at all our hotels and resorts. Free access to Active Gym by Serenity Free UIP owners shuttle service between group properties and, to and from the airport. Dedicated Concierge Service

Details

Construction Year- -

Gross Area m²79,8

ElevatorYes

Private Gross Area m²67,18

Living Area m²- -

GarageYes

Total Lot Size m²- -

Price m²10 568 €

Floor2^ndfloor

Location

Attributes

Elevator

Garage

Mortgage Simulator

UrbanProfile Properties

Cascais, Lisboa

AMI 10502

+351 216 054 *** See number

Call to national landline network

+351 930 511 *** See number

Call to national mobile network

Apartment T1 in Cascais e Estoril, Cascais

Apartment T1 in Cascais e Estoril with elevator