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A collection of 30 luxury, two and three bedroom apartments in a secure walled and gated private condominium, boasting the very best views in Lagos. From spacious terraces one can look out over whitewashed houses and rooftops, on to panoramic views of the longest stretch of beach in the Algarve.
Unique and exceptional features include a communal roof top swimming pool with sun terraces plus a well equipped private gymnasium for residents.
Vista Baía is set in Torraltinha, a quiet, convenient location just a short distance to the heart of Lagos town centre with its bustling shops, cafés, bars, restaurants and spectacular beaches.
Features & Finishings
Roof top swimming pool with sun terraces
Private gymnasium for residents
Landscaped gardens & children’s play area
Underground communal garage with automatic entrance
Elevator
All apartments include:
Quality security door & video entry system
Fully installed air-conditioning units providing both heating & cooling
Wall to wall custom double glazed windows
Pre-installation for central heating, central vacuum system, sound system
Fully fitted kitchens with top of the range integrated appliances
Luxury bathrooms with Jacuzzi baths and power showers
Investment Potential
Vista Baia properties offer strong investment potential due to the following factors:
• Completion December 2009, therefore 2 ½ years capital appreciation, 30% deposit, 70% upon completion.
• Excellent location walking distance to the historic town centre
• Hillside position providing fabulous views over town centre and to the sea
• Roof top swimming pool and gymnasium
• High specification, excellent choice of fixtures and fittings, meaning that a few years down the line, the apartments will not look dated, an essential element for investment properties in terms of re-saleability.
• Great letting potential due to location and quality
• Off plan purchase always reap strong capital appreciation during the life of the build; this is on top of a current strong rate of capital appreciation for luxury new builds in the area.
Opportunity& Price
The opportunity is to purchase off plan a 2 or 3 bedroom apartment with fabulous sea views in a superb development just a stones throw from the historic town centre.
Prices for a 2 bedroom apartment start at just €225.000, with prices for a 3 bedroom apartment starting at €335.000.
Building Schedule
Start of Works January 2008
Completion of works & final deed conveyance December 2009
Payment Schedule
Promissory Contract to secure apartment 30% deposit – payment
Final deed conveyance 70% balance – payment
Competitive Mortgage Scheme
We have negociated to offer one of the most competitive finance schemes available for overseas purchasers.
Terms
80% Loan to Value
Term of 25 years
6 years interest only payments with spread of .7% over Euribor
Bank to pay 1/3 of the deposit payment, bringing initial investment to 20% of sales price.
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