Condominium buy in Olhos de Agua Faro

T0 with income 4% year in Albufeira in The Paradise Of Albufeira Aparthotel is located in the prime area of the city of Albufeira (new part), being a few meters from the Municipality of Albufeira and lying near the beach. With rooms decorated and designed for a perfect family holiday. Aparthotel Paraíso de Albufeira is a prestigious 4-star tourist resort in the Category of Aparthotel, consisting of: Self-service Restaurant, Garden in fantil,  Multipurpose room,  Adult Games Room,  Teen Games Hall  6 Meeting rooms for tour operators,  8 Guide offices,  29 Apartments, Basement -1:  Luggage storage,  2 Restaurants Self-service Restaurant, Garden in fantil,  Multipurpose room,  Adult Games Room,  Teen Games Hall  6 Meeting rooms for tour operators,  8 Guide offices,  29 Apartments, Basement -1:  Luggage storage,  2 Restaurants When the purchase with income is chosen by giving the holding, after the public deed is concluded a contract is concluded, the'Legal Title of Operation'(with a term of 1 year and following) with the company that makes the management and operation of the unit, the ALGARTHEMATIC, SA, in which the income of 4% per year is guaranteed, under the amount that was paid for the apartment. Conditions can only be altered in the face of disasters and changes in the economic situation. Condominium Amounts: Monthly Quota EUR45 + Monthly Reserve Fund: EUR9 = Total Monthly, EUR54 / TOTAL ANNUAL: 648 IMI value: between EUR130 and EUR200, depending on the apartment area. Extra Amount of Periodic Installment when out of operation: EUR130/month According to the applicable legislation in relation to Hotel Units under horizontal ownership, and according to the Constitutive Title of the Hotel Development - 'HOTEL APARTAMENTO PARAÍSO DE ALBUFEIRA', the apartments are intended tourist use. In the case of purchase of the property, the owner may take a vacation in the development and, in the as owner, you can enjoy the special discounts associated with: Discount on Accommodation: following the agency price list; Discount on F&B (food & beverage points of sale within the hotel) = 20% Corporate Services Discount = 10% (excursions, water park tickets, jeep tours, boat trips, etc...). Notes: - The value of condominium is intended for the care of common areas; - The apartment being in operation, the expenses of water and light are due to the exploitative entity. However, if the apartment is not given to the holding or is taken out of operation, given that the building is an Apartment Hotel and that only has single centralized counters, there will be a need to be placed (paid by the owner) the respective water and light counters in the apartment, and in that in this case, you will pay only what you spend on water and light, to the entity that operates the Hotel. If it is the owner's wish, this work may be prepared by the hotel's maintenance department, at a cost of EUR500 (VAT included). Special situations of buying apartment(s) from another owner or at auctions: