Paradise Retirement Village: Sao Bras, Algarve
If your looking to purchase or rent a property from this project, then now is a good time as properties will be offered on a first come-first served basis. Once you have chosen your property and paid a deposit, it will be assigned to you. Construction on the central unit and refurbishment of the properties is estimated to take approximately 16 months from commencement so contact us now to avoid missing out.
Located in the extreme South of Portugal, the Algarve is a region known for its beautiful sunshine and golden beach shores. 'Paradise' Retirement Village lies within the historic town centre slightly inland but within 20Klm of the coast and Faro international airport. Included within the local area are shops, library, cinema, supermarket, bowling green, and a former bishop's palace and gardens.The Development
'Paradise' Retirement Village will be made up two fundamental and complementary elements:
- 6,100 sq metre plot at the main square of the village with permission to build an accommodation unit with up to 110 beds (55 rooms) and a maximum of 4,100 sq metre of constructed area. This central building will be the basis of the associated activities and amenities.
- More than 60 independent urban buildings and lots to be refurbished and converted to adapted housing around the central building.
In some of these units, several clusters of autonomous apartments will be built according to the area of each lot and the best integration within the local architecture.
More than just a great business opportunity and flagship development, this project could really transform this forgotten gem of a village.
Here is a chance to pick your property and have it reformed to the way you would like it. Bringing this vision to fruition has the full support of the local authorities as well as the full back up support of a local team.
- 24hr emergency care (plus off and onsite care support)
- 24hr emergency cover
- 24hr security and reception
- Alarm system
- Bowling green with club house on site/nearby
- Close proximity of airport
- Country lanes perfect for walking or cycling
- Covered parking
- Fitness Centre
- Free wifi in public areas
- Fresh nutritional home cooked menu from the onsite restaurant which can be delivered to your apartment upon request
- Front desk and concierge service 8am to 10pm 7/365; after those hours, an emergency mobile number.
- Fully equipped rooms with en-suite wet rooms with garden and sea vista
- Games Room
- Golfing nearby
- Hairdressers/Barber/beauty shop
- HD TV and fast internet/WiFi
- Health clinic
- Hobbies room
- Holiday breaks for mobility disadvantaged persons over 55
- Indoor swimming pool
- Large gardens, lawns and Large swimming pool
- Large lounge area in the Social Club
- Laundry, Clothe Mending and daily/weekly maid service
- Medical supervision if required
- Meeting/banqueting facilities
- Mini bus service available for trips into town, major shopping centers, the beach or excursions
- Mini supermarket
- Nursing/ Care home attached
- Onsite Physiotherapist and Social Worker
- Palliative care
- Private hourly, daily or live-in care assistance available
- Private parking
- Reminiscence care
- Residential elderly care
- Respite care and short breaks
- Restaurant and bar
- Restaurant as well as vending machines for snacks and drinks
- Shared lounge and terrace
- Short drive to the beach
- Short walk to the town
- Sports area with tennis, mini golf and petanque (in the immediate area)
- Supervised day-time activities
- Tennis courts on site/near by
- Therapy and activity rooms
- Wheelchair friendly
Rental or purchase
- Properties will be offered for sale either Freehold or part own/part rent. Freehold prices will start from 175,000€
- Assisted Living Rooms will be offered to rent starting at 2000€ Per Month inclusive.
- Some properties will have the advantage of a Life Right of Use purchase option: No IVA (VAT) to pay with this option.
- Reverse Mortgage Option considered (releasing equity in an existing property)
- Opportunities for short and long term rentals
Life Right of Use:
This includes a reducing percentage return upon death/departure within 10 years. Property prices from 117,000€ for a two bedroomed apartment*
*Prices are set based on the buyer being aged 65
A premium of 3,500€ will be applied per year for a single person or the youngest person in a couple under this age, down to 55 years.
A reduction of 2,500€ will be applied per year for a single person above the age of 65 making this a very economic proposition.
The private contract issued will enable the purchaser to have exclusive rights to a property of their choosing for as long as they so require, i.e. their lifetime. With this purchase option, residents will also have the right to a refund on their departure on a sliding scale of up to 10 years from the original purchase. Upon their death, the refund will be passed over to their heirs. (Based upon approval by the company).
3,000€ Registration fee
Deposit after three months
Monthly payments until development completed (estimated 16 months)
Additional monthly charges.
Estimated @ 2.5€ per sq metre
Please contact us for more information and viewing.
Tel: UK: +44 1494 814444 / SP: +34 680137429