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1 Bedroom and 1 Bathroom Portuguese Property - Apartment For Sale

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Apartment/Flat Description

Superb opportunity to become an envied owner of a five-star luxurious apartment at the Radisson Resort & Spa on the Autodromo do Algarve, International Racetrack, Portugal.
The apartments overlook the most modern and significant motor racing and technology park complex in Europe! The Radisson Residence Apartments are one of the most unique real estate opportunities in the International marketplace today. They offer a winning combination of:- Fantastic Capital Appreciation due to huge investment in the Racetrack, the project, and the general area. Rental Guarantee for 3 years, plus opportunity for ad-hoc letting. Superb location overlooking the award winning Race Track in the Algarves premiere multifunctional business complex. 5 star specification and fully furnished to Radisson SAS standard.
Personal usage with services including 24 Hour Reception, breakfast buffet, access to business centre, plus laundry, cleaning and linen, all free of charge.
Racetrack Platinum Card with benefits including tickets to racing events and tests, VIP entrance and box seats, driving and karting courses and a thrilling race experience of a taxied track tour with one of the AIA official drivers! The additional value of this package equates to €327,500.
The track has been nominated "Motorsport Facility of the Year" at the Professional Motorsports World Expo Awards 2009 & 2010.
Furthermore, it has been fully booked for 2 consecutive years (2009 & 2010) and is in pole position to secure F1 which will lead to accelerated capital appreciation and return on investment. Discounted 1 bedroom apartments from €181,280 Discounted 2 bedroom apartments from €286,880 Discounted 3 bedroom apartments from €322,080 Data by:

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Approximate price of this 1-Bed property - apartment
€181,280 EUR | 
£145,078 GBP | 
US$227,434 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 1224159 
Town Portimao 
Province Faro 
Country Portugal  
Type property - apartment
Bathrooms
Bedrooms
Category Re-Sale  
Listed over 6 months ago
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Map of Portimao, Faro, Portugal


Real Estate Agent Listing this Property

Agent Howard Weinstein International Estate Agents
Listing Since 20 July 2011
Property Listings View all properties from this agent
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Towns located close to Portimao, Portugal

  • Mexilhoeira Grande   • Figueira
  • Alcalar   • Monte Canelas
  • Serra E Mar   • Montes De Alvor
  • Amoreira   • Penina
  • Alvor   • Praia Do Vau


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Price: €181,280
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Purchase this Apartment/Flat in Portimao for

€380p/m

(75% LTV, 4% Interest Rate, 30 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Portimao, Portugal

Property Type Min Price Max Price Median Price
(All prices in EUR) Portimao Portugal Portimao Portugal Portimao Portugal
Apartment/Flat 61,000 1 380,000 17,500,000 145,000 132,000
House/Villa 87,000 49 2,700,000 17,500,000 695,000 315,000
Townhouse 235,000 22,500 350,000 1,250,000 350,000 223,000
Business 67,250 600 220,000 39,000,000 240,000 106,000
Land/Ruins 110,000 7,500 580,000 9,000,000 650,000 87,500
Rural 295,000 4,900 295,000 5,000,000 - 250,000
Other 170,000 29,000 1,200,000 17,500,000 145,000 225,000
Commercial 495,000 50,000 795,000 9,000,000 - 152,500
Bed and Breakfast 650,000 199,000 650,000 1,495,000 - -

* Calculations based on 257 properties for sale in Portimao and 15770 properties for sale in Portugal




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