- GBP Price: £167,894
- EUR Price: €196,000
- USD Price: $252,660
- Please contact advertiser for more information.
The Autodromo Internacional do Algarve is a 4.692km (2.915mile) race circuit in Portimao. Estimated to attract an additional 1 million visitor to the Algarve, the circuit enjoys a unique design thanks to the natural terrain of the area; curves and straights follow each other at an exciting rythmn with accentuated declines.
Launched with the World Superbike Championship in November 2008, the Autodromo Internacional do Algarve represents a Eur 250 million investment with more planned. The circuit was approved by the FIA for Formula 1 and by the FIM for Superbikes. The total capacity of the circuit is 100,000 spectators plus 10,000 VIP guests, offering a good overview for the spectators from all positions, to enjoy a day at the races.The circuit celebrates its first year of existence with over 500,000 visitors, it is a big success.
In addition to the main race circuit the project includes; a karting track; international standard off road test and leisure facility; technology park/innovation centre; sports complex with treatment rooms, gym, pools, squash and multi purpose playing facilities; a retail park; conference facilites; leisure area including indoor and outdoor pools, state of the art spa and wellness centre, tennis courts, children's play areas, activity trails, golf driving range and access to golf courses, and the five star Radisson hotel.
The luxury apartments we have for sale are located behind the circuit and will be managed by the Radission SAS Hotel group. Due to the location and the multi use set up of the circuit and high profile events, a high occupancy rate will be achieved. Currently under construction are just 160 luxury tourist apartments, no more will be built. These are T1, T2, T3 and T3 Duplex integrated within the tourist complex. The apartments offer incredible 10 year track lifestyle packages valued between €;72,519 for the T1 to €;327,681 for the T3 Duplex.
The complex has been designed to give the owners the highest luxury inside and out. The apartments come fully furnished and equipped with communal areas including swimming pool and tennis court. A choice of 2 options are available to purchase the apartments. Either a purchase for inclusion in the Radisson operated programmed or alternatively a purchase for unlimited personal and business use, not included in the Radisson operated rental programme.
The 3 year guaranteed rental programme currently offers: T1 from €;7,300 pa; T2 from €;11,400 pa; T3 from €;14,400 pa and T3 Duplex from €;18,500 pa, including 3 weeks personal usage. 4 weeks personal usage for the T3 Duplex.
All purchasers benefit from owning a unique investment property furnished to a 5 star specification, in addition to personal usage and access to luxury hotel facilities, the property is expected to generate an impressive financial return.