100% Finance opportunity just 30km south of Lisbon, Portugal.

This is not an ‘off-plan’ property project but a completed apart-hotel development that is likely to have opened its doors to the General Public ahead of Christmas 2010.  Prices start from £169,000.

Set in the picturesque fishing village of Sesimbra, on the Costa Azul of Souther Portugal.  This development has been built on3 levels into a hillside that overlooks one of the most stunning bays.  The architect has developed the buildings so the rooftops consist of wide green space that provide unrivalled views and each apartment has stunning unobstructed views of Sesimbra bay.

These luxurious suites are furnished and finished to highest standards, with on site facilities of adult and child swimming pools, 400m2 luxury spa, club house and bar, restaurant and childcare.  As an owner you will be entitled to enjoy the facilities yourself with up to 56 days of personal usage (this does not apply for purchases made via a SIPP).  As well as being just down the road from Lisbon, the resort is within easy reach of 10 golf course.

The developments location and features are enticing but the current financial package available is more attractive as the sun setting over the Atlantic Ocean.

The Finance option currently available to those who get involved now is:

  • 100% mortgages (subject to status, the banks offer 90% LTV)
  • Instant equity – approximately 10% of the current bank valuation
  • Developer will pay all closing costs, which equate to approximately 10% of the property value
  • Properties are fully furnished with no additional furniture package cost
  • 2% cash back which goes towards the 1st years mortgage
  • 3 year Interest only mortgage current rate circa 2.65%
  • Projected rental returns of between 5-7% per annum

What deposit is required?

No deposit is required.  Clients are required to pay a 1% commitment fee (fully refundable should Banif Bank not offer you a mortgage), chose an apartment and apply for a mortgage.  Banif Banks current lending criteria suggests that  applicants who can demonstrate a gross income to liabilities ratio of around 70:30 will be successful.

For more information on this fantastic opportunity please either request a call back or send an email to info@thegpsnetwork.co.uk

Sesimbra Bay Beach Resort

The resort will be fully managed by Kasamia who will advertise and deliver a 5* quality service.   You will receive an personal usage allocation of 6 weeks, that can be returned the Management company in return for increased returns.  The rental returns, paid quarterly in arrears, will be 60% of gross Operating Profits of the resort.