- 800 000 €
White Shell development for sale in the town of Porches on the Algarve coast. Great investment potential in this tourist resort with guaranteed rental return.
White Shell is a wonderful and friendly tourist resort comprising of 55 units in total.
We are a car-free bike friendly environment but that’s not to say you won’t have your own private parking place! White Shell has been lovingly designed by Saraiva and Associates Architects using local influence wrapped in a contemporary design.
In the grounds you will find spacious and open natural areas along with facilities such as Paddle Tennis, Multisport Field, Swimming Pool. The resort also boasts an Indoor Pool, Spa ad Gym area. It’s a haven of health and good living on the Algarve coast!
The internal finishes are to the highest specification and finessed as follows:
FLOORINGS
Wooden floorings, French oak “VETAPARKET”
BATHROOMS
Ceramic tiles in “latte” colour, 600x600mm.
Suspended amenities by “SANINDUSA”.
"Bruma" faucets, “Lusitano Night Sky” series.
Wall-mounted towel racks.
“Silestone” countertops.
KITCHEN
AEG appliances: fridge-freezer, induction hob, multipurpose
oven, exhaust fan, microwave, dishwasher, washing and dryer
machine.
“Silestone” countertop.
Ceramic tiles in “latte” colour, 600x600mm
TERRACES
Terracotta TILES
Roof pergola in slatted wood
The difference with the White Shell Development is that it is a purpose-built tourist resort and as such offers you a guaranteed income whilst still allowing personal use of up to 49days a year.
So how does it work?
The properties will be used for holiday rental purposes and for the first 5 years of the rental contract White Shell will guarantee you a 4% (before taxes) return on your investment.
As an owner you will be allowed to use your property for up to 49 days a year based on the following:
1 week in June, July or September.
2 weeks in March, April, May or October (excludes Easter week)
4 weeks in January, February, November or December.
White Shell has exclusive rights to manage the rentals
Condominium Fee
This varies depending on the property size and covers the following:
Maintenance of shared areas, buildings, parking, garden, and pools
24-hour security
Reception service
Management fee
Owner’s service
Property and resort insurances
Garbage removal
Condominiums fees are approx:
One bedroom –400€ per month
Two bedrooms –650€ per month
Three bedrooms –850€ per month
**The owner is responsible to pay the income and property taxes
