This exciting new residential development is situated just one hour away from Lisbon, in the historical town of Grândola and only 20 minutes from the exclusive beach of Comporta.
The refurbished building consists of 92 stylish apartments which includes 56 Studios, 28 one-bedroom apartments and 8 two-bedroom apartments. The development also offers a large lagoon-style swimming pool, a gym and a rooftop terrace. The studio apartments all have access to either the garden, terrace or pool deck. A selection of the one and two-bedroom apartments are available with roof top-terraces and private plunge pools. Prices range from €280,000 – €385,000.
All units are freehold and can be used for either full-time living or a vacation home. It is also possible to rent the properties out. The developer is offering an optional one-year fixed rental-return of 3% p.a to investors.
The charming town of Grândola is surrounded by magnificent natural beaches and sandy coves and with easy car access to several internationally renowned Golf Courses. You will also find several boutique restaurants, beach bars and chic hotels in the area.
- Residential Refurbishment project;
- Gated condominium in Grândola, 20 mins from Comporta beach;
- 92 apartments (56 Studios / 28 one-beds / 8 two-beds);
- On-site facilities: Lagoon Pool, Gym and Rooftop Terrace;
- All units have full Freehold Ownership;
- €280,000 Golden Visa Eligible;
- Construction completion: Q4 2025;
- Optional 1-year rental option (commencing Q1 2026) comprising a 3% fixed yield;
***Launch Promotion – Parking and storage room included for the studio apartments (€15,000 for parking and €5,000 for storage, a total saving €20,000).
This fantastic new project qualifies for Portugal’s reduced Golden Visa programme under the new Golden Visa legislation for 2022. Investors can apply for a Portuguese residency visa by purchasing a freehold unit from just €280,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.