Mar da Luz - the Western Algarve
Fantastic quality apartments with a Rental Guarnatee and time to use the apartment yourself.
- 2 Bed Apartments either garden or penthouse Sizes from 80 sq metres
- Prices from £200K - £290K. Villas £550K
- Payment Plan - £200k - 30% deposit, 70% mortgage on completion
- Guaranteed Rental Income - 3.5% guaranteed for 7 months and 5 months for own use. Great compromise for investor wanting holiday home. Backed by Bank Guarantees.
- Capital Growth projections - 20%
- The Western Algarve is a growing market since the opening of the motorway reducing transfer time from Faro to 45 mins. However as much of the countryside is National Park there is limited building opportunity
The un-spoilt Western Algarve is an unexpected, surprising and delightful discovery for people used to a more hectic lifestyle. Set in a niche of barely discovered coves, azure waters, platinum sands and picturesque fishing villages, here you will find space and time to relax and rejuvenate oneself in an eclectic mix of modernity and ancestry.
With Faro airport under an hour away it takes just five minutes from the A22 motorway exit at Lagos to go from the hustle and bustle of modern living to the un-commercialised, calm and serenity of Mar da Luz exclusive condominium of 43 apartments at Porto Dona Maria. Set amongst Mediterranean gardens with water features the condominium is totally private.
Entering the established and spacious resort of Dona Maria the road winds between the golf course and the driving range the roads entering Mar da Luz on the top of the cliff. There are uninterrupted views out to sea.
Mar da Luz is situated between the resorts of Luz and Burgau within the resort of Porto Dona Maria,
The development itself has been designed to offer a spacious and luxurious retreat from day to day cares, although with every conveinience should you wish to work from here.
Porto Dona Maria itself, is a private Resort set in a total area of 285.000 m2 of ecological/natural land. More that 40.000m2 of Porta Dona Maria is private sea front overlooking the Atlantic Ocean with fanstastic views to Luz Bay and the entire coastline towards Lagos. Beautiful villas, town houses and apartments are all built in a traditional style to give you a great sense of being in the Algarve. A small café, restaurant as well as a pool restaurant complement the Resort whilst the wavy shaped swimming pool above the rocks is filled with salt water and offers extensive terraces.
Adjacent to the main reception area, the future pitch and put golf course with driving range and two tennis courts are currently under construction.
Mar da Luz Apartments start at around €279,000 and will also feature an array of 5 star facilities including -
- Landscaped gardens
- Indoor and outdoor swimming pools
- Gym, spa and steam room
- Jacuzzi and sauna
- Underground parking/Storage Room
Classically designed, the top floor apartments enjoy spacious roof terraces with stunning views of the Atlantic Ocean while ground floor apartments have their own gardens with the option of adding your own private swimming pool.
Owners at Mar da Luz will also have the use of all amenities of Porto Dona Maria including a sea water pool with snack bar, grocery shop and laundry service, by the end of 2007 the resort will also include a 9 hole pitch & putt course, driving range, 2 tennis courts and a four star hotel.
A 2 yr guaranteed 3.5% rental package is offered with the Mar da Luz Apartments, providing the owners with 2 weeks own peak time usage, and 5 month own usage from November to April as well as a 60% reduction in condominium fees.
6 kilometres away is the main town of Lagos with one of the largest bays on the Algarve. An attractive, bustling town it was conquered in the 8th century by the Moors who left behind fortifications, some of which can still be seen today. During the 15th century the pioneer Henry the Navigator turned Lagos into an important naval centre and in fact the city was the capital of the Algarve from 1576 - 1756.
The centre of the town consists of pretty 18th and 19th century buildings. Cobbled streets and enchanting squares link the maize of thoroughfares creating an ambience of charm, culture and history in this captivating town.
The citizens of Lagos continue to make their living from fishing giving the town a character and independence all of its own. The smart new marina to the east side of the town continues its naval heritage and provides the first safe anchorage point on the south coast for boats coming in from the Atlantic.
The myriad of opportunities provided by this location means you are within moments of two extremes; total peace and tranquillity for those times when nothing but chilling out will do, through to the best sports or a wide choice of restaurants.
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