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Moinhos da Costa - Silver Coast Property

Moinhos da Costa is an established condominium resort with pools
and tennis on a hill above the Obidos Lagoon and the beautiful
beach at Foz do Arelho.

The beach at Foz do Arelho
The beach at Foz do Arelho

There are five large villa properties, each divided into six
individual apartments, 2 per level, on 3 levels. This means that
only 30 villa-apartments share the excellent condominium
facilities.


Villa-apartment for sale or rental at "Moinhos"

This closed and private condominium has a children's play
area, a shared private swimming pool (7m x 13m), with an
adjacent children's pool.

The Moinhos da Costa villa apartments have phenomenal,
spectacular and unbeatable views over the Obidos Lagoon and the
sea at the opening of the Lagoon. The villas are set in well
tended, and mainly lawned gardens, with a private shared tennis
court at the rear.

Moinhos da Costa Lagoon view
Moinhos da Costa Lagoon View from all apartment terraces.


Most of the owners in this resort are Portuguese who use their
villa-apartments in the summer, so the properties only rarely
come up for sale. There are several foreign owners, at least two
of which are English, who rent their apartments for tourism. The
combination of a lower purchase cost than villas in the area,
and good rental return, makes these villa-apartments an
excellent investment.


Terrace of one apartment for sale.

If you ask local tour operators and agents, the honest ones will
tell you that apartments are notoriously difficult to rent on
the nearby golf resorts, where the holiday maker preference is
usually for larger villas. They will also tell you that this has
not been the case for the villa-apartments on Moinhos da Costa,
perhaps because of the excellent private facilities, the views,
and the closeness to the beach, the village, restaurants and
shops.


Private Tennis at Moinhos da Costa.

Over the last ten to fifteen years the private Moinhos da Costa
resort has become a favourite for holiday rentals and it is well
renowned with tour operators and travel agents for the high rate
of repeat bookings, which is always a good sign and a key to
getting a good return on the investment.


Private Gardens at "Moinhos".

All the luxury apartments were originally constructed as two
bedrooms over the last fifteen years. Some of the owners
fortunate to have purchased the top floor properties have
converted the attic space into a third bedroom which increases
the resale value and rentability.


Stairs to converted attic space..

All apartments have excellent panoramic views of the sea and lagoon,
they are bright and spacious and are furnished, equipped and decorated
to a high standard.


Villa apartment for sale and rental at Moinhos da Costa



Comments

   

We know this place .

Please confirm reasonable long term
renting cost and selling price all included

regards

Jacques Poret

 



 

   

Bonjour / Hello Jacques,

The long term residential rental price is EUR 6500
for one year. Le long terme le prix de la location
résidentielle est de 6500 EUR pour un an.

(durées plus longues et plus courtes contrats sont
négociables / longer and shorter terms contracts
are negotiable)

This annual rate includes the condominium
maintenance charges and use of pool tennis etc. /
Ce taux annuel inclut les frais d'entretien de la
copropriété et de l'utilisation de tennis de
piscine etc.

Consumer services like energy and water are not
included in the yearly contract rate. / Les
services aux consommateurs tels que l'énergie et
l'eau ne sont pas inclus dans le tarif de contrat
annuel.

Nous sommes également heureux de vendre
l'appartement et sommes ouverts à toute offre
raisonnable avec ou sans équipement. / We also are
happy to sell the apartment and are open to any
reasonable offer with or without the equipment.

The asking price is currently 250,000 Euros
including the furniture and fully equipped for
renting. Le prix demandé est actuellement de
250.000 euros y compris le mobilier et entièrement
équipée pour la location.

The property currently has a tourism rental licence
which can be renewed by the new owner if required.
/ La propriété dispose actuellement d'une licence
de location de tourisme qui peut être renouvelé par
le nouveau propriétaire si nécessaire.

Cordialement, regards,
David

http://www.harleystreet.net/moinhos.html

 



 

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