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Property description
FORA GOLDENA VISA3-bedroom apartment just 290 m away from the Marginal!Luxury apartments with modern design in a prime location with breathtaking views of the Tagus River. An ideal location where you can enjoy the historical, cultural and gastronomic delights of Lisbon.The hotel will have direct pedestrian access from the river through the bridge.Lisbon Residences consist of fully furnished studios and three-bedroom apartments, each with a large balcony overlooking the Tagus River. The complex has a rooftop restaurant and bar with great views.The complex include a spa, fitness center, conference rooms and parking.Managed by one of the world's largest hotel brands, the new Lisbon Residences include 108 luxurious riverfront apartments.The apartments are located near the center of Lisbon. Lisbon Residences offers you a guaranteed return on investment. Apartment owners are also eligible for the Portugal residency investment program known as the Golden Visa.By becoming the owner of one of the luxurious and exclusive apartments in the new The Residences at Regency Lisbon, you will have the following conditions:Compulsory tourist exploitation contract for 20 years with a guaranteed minimum yield of 3% for the first 10 years OR 5% for 5 years. All apartments are located in the rental pool and rented out for tourism. Tourism expenses are not included in the gross revenue received.After deducting the expenses, the generated amount will be distributed to all owners in accordance with the area of the apartment, while the apartment is not used for their own residence and / or family and friends. That is, as long as the property is available in the rental pool, the owner will be entitled to their share of the income minus costs with all the hotel's services and amenities such as cleaning, room service, etc., but from the comfort of your home. Subsequently, the owner's expenses will be deducted, namely: condominium, insurance and reserve funds (5% of gross proceeds). If the amount received after expenses is below the guaranteed minimum, the company will pay the difference, if the value is higher than the guaranteed minimum, the owner will receive the real value. The owner is also entitled to use 4 weeks a year with a limit of 1 week in December and January and 1 week in July and August.Completion of the work is expected in February 2022.The expected value for the owner's annual expenses:Condo / Insurance:T1 - 1200 a?? / 365 a??T2 - 1700 a?? / 512 a??T3 - a?? 3250 / 975 a??