Condominium buy in Vale Faro

Newly refurbished, one-of-its-kind spa hotel offering a unique €280k & €350k Golden Visa investment opportunity. Nestled in the lush mountains of Monchique, less than an hour from Faro airport and only 20 minutes from some of the Algarve’s best beaches, Villa Termal das Caldas is more than an enviably located spa resort. It is also home to the only thermal spa in Southern Portugal and is opening its doors for a unique Golden Visa investment opportunity. Its charming 19th-century buildings will be undergoing a full renovation, adding modern touches and contemporary finishes to each of the rooms and suites inside while maintaining their characterful exterior. Renovations for this phase of the project are due to be completed in 2023. A limited number of rooms are available for just 280,000 Euros, the lowest investment possible for the Golden Visa. Spacious penthouse suites are available for 310,000-350,000 Euros. The investment offers annual returns of 3-5% for a period of 5 years, making it the perfect opportunity for investors looking to obtain a share in a secure project. You will also receive a 15-day complimentary stay at the hotel each year, which is more than many other Golden Visa investment projects offer. Since the hotel is part of Unlock Boutique Hotels, you may also choose to receive a credit at any of their 16 hotels across Portugal and explore more of your future country of residence. KEY BENEFITS: EU Residency for all family members (spouse, children, siblings, parents) once the application is approved Possible EU Citizenship after 5 years Visa-free travel within the Schengen zone Conduct business activities in Portugal Minimum 7 days in Portugal per year Guaranteed annual returns of 3-5% 15-day complimentary stay at the hotel OR credit at one of 15 other hotels across Portugal Ref: PP172938 Property Features Apartment Swimming pool 1 bedrooms 1 bathrooms Air conditioning Garden Furnished Heating Parking Reception room Terrace/Balcony Covered dining area Gym Character property Features great views