Viceroy Residences at Ombria Resort, Algarve - luxury branded 1 and 2 bed apartments for sale

Viceroy Residences at Ombria Resort

Loule , Algarve, Portugal

1 - 2 bed | 1 - 2 bath
From {{data.currency}}   {{data.price}} {{data.selectedCurrency.CurrencyCode }}   {{data.localPrice}} P-20111
P-20111

Key details

  • Approx size: 73-174 sq m (786-1,873 sq ft)
  • Ownership: Freehold
  • Year built: Completion 2021
  • Orientation: Various
  • Building type: Apartment, Resort residence, Furnished
  • No. floors in building: 4-5
  • Property Style: New build, Furnished, Off plan

Features

  • Branded residences
  • 24hr security
  • Access to hotel facilities
  • Frontline to golf course
  • Balcony
  • Communal pool
  • Communal gym
  • Beach access
  • Air conditioning
  • Fitted bathroom
  • Stone floors
  • Landscaped garden
  • Concierge
  • Gated community
  • Golf
  • Mountain views
  • Terrace
  • Spa & wellness facilities
  • Sauna
  • Games room
  • Fitted kitchen
  • Fully furnished
  • Wooden floors
  • Investment

Property overview

The Viceroy Residences offer a choice of 65 one and two bedroom branded apartments for sale located within the 5 Star Viceroy at Ombria Resort hotel near Loulé in the inner Algarve region of Portugal.

Opening in 2021, Ombria Resort is a new world leading development set amidst 150 acres of serene countryside in the Algarve located in a secluded and natural landscape of rolling green hills, rivers, lush cork and oak forests. It will set the bar as a new generation of low-density resort development where sustainability, the environment and support of the nature and local heritage lie at the heart of the resort. The overall concept for Ombria Resort is a destination that is in touch with the Authentic Algarve.

The first phase of Ombria Resort will include The Viceroy Residences offering a total of 65 branded touristic apartments which will be part of and located within the 5 Star Viceroy at Ombria Resort hotel. There will be a choice of one and two bedroom apartments spread through 18 different buildings, each with three or four levels/floors.

Ranging in size from 73 sqm to 174 sqm of gross internal area, each of the units has a fully-fitted kitchen or kitchenette, living room, bedroom(s), bathroom(s) and terraces. Some of the units have their own swimming pool or jacuzzi. The apartments are sold freehold and are fully furnished and equipped.  

​​Owners can use up to 10 weeks per year and receive a guaranteed annual rental return of 5% (pre-tax and net of expenses) for the first five years.

Ombria Resort will be designed to the highest international standards of design, service, quality and state-of-the-art facilities available both within the resort.

KEY DETAILS:

  • 5* hotel, managed by Viceroy Hotels & Resorts
  • Concierge services
  • 18-hole signature golf course designed by renowned architect Jorge Santana da Silva
  • Clubhouse with pro shop, gym and sauna
  • Spa with jacuzzi, sauna and Turkish baths and a range of therapies
  • 5 restaurants including fine dining, seafood bar and bakery
  • Conference centre
  • 153-hectare private estate with low density construction
  • 65 one and two-bedroom touristic apartments
  • Rental pool programme with guaranteed 5% p.a. minimum yield for 5 years (net of expenses, pre-tax)
  • Up to 10 weeks personal use p.a.
  • Heated swimming pools (on select apartments)
  • Attractive fiscal benefits under the Golden Visa Program
  • Excellent year-round climate
  • Children’s centre/Kids club
  • Beach Club (coming soon)
  • Astronomical observatory
  • 20 minutes’ drive from Faro airport and wonderful beaches
  • Free shuttle service to beach
  • Close to the historic towns of Querença, Tôr and Loulé (with outlet village and 85,000 m2indoor mall)
  • Future plans include extensive sports facilities located near the resort
  • Regular flights by flag carriers and low-cost airlines
  • Completion expected mid-2021

 

Never be a dull moment with a wide variety of amenities and activities to suit everyone, including: golf, canoeing, fishing, sailing, kayaking, cookery and pottery classes, jogging circuit, cycling, mountain biking, rock climbing, organic farming gardens, traditional honey harvesting, bird watching and nature trails, nearby beaches, surfing, equestrian centre, water parks, kite surfing, Fonte da Benémola nature reserve, historic attractions, bustling markets and excellent shopping.

Ombria Resort will comprise three real estate development areas with 381 residential and investment units including luxury villas, townhouses, semi-detached villas and apartments ranging between €300,000 and €3,000,000 (31 non-touristic/residential villas and 350 touristic units - these can be any type of properties: apartments, townhouses, semi-detached villas, detached villas).

Also available for purchase: 

  • Alcedo Villas - 12 exclusive hilltop 3 to 7-bedroom turn-key villas on spacious plots, with bespoke finishes to suit your tastes. No restrictions on personal usage.
  • COMING SOON: Oriole Village – Beautifully appointed freehold apartments, townhouses and villas, set in a picturesque authentic village community with stunning golf views. Fully furnished and no restrictions on personal usage.

Ombria Resort is located in the heart of the authentic Algarve, Portugal, 8 Kms north of the city of Loulé and 20 Kms from Faro airport and the nearest beaches. 

​​Faro airport has direct flights to over 60 airports in 15 countries, such as London, Manchester, Bristol, Dusseldorf, Munich, Frankfurt, Amsterdam, Oslo, Stockholm, Brussels, Vienna, Copenhagen, Zurich, Luxembourg, Madrid, Barcelona, Paris, Lyon and Toulouse.

Visit this exciting new resort and experience for yourself the wonderful lifestyle this region has to offer, including a private tour of our stunning show apartment. Please enquire to learn more about subsidised inspection visit offers.

 

Regional info

Regional info

The Algarve is Portugal’s southernmost region and the country’s premier holiday destination with a year-round balmy climate. It is known for its beautiful golden beaches, breath taking cliffs, golf resorts and numerous other attractions. Whitewashed fishing villages on low cliffs overlooking sandy coves were transformed in the 1960s.

The eastern Algarve is bordered by Spain and is stunningly beautiful. The central coast between Lagos and Faro is renowned for its wonderful villas, hotels, bars and restaurants. The region's western Atlantic coast and rugged interior are less developed and equally enchanting.

Buyers guide

Payment Terms

The standard payment terms for the Viceroy Residences at Ombria Resort is as follows, however this may be altered to suit each individual buyer:

Viceroy Residences:

  • €10,000 Reservation deposit (refundable)
  • 25% on signature of Promissory Contract (less reservation deposit paid)
  • 25% on completion of concrete structure
  • 25% on completion of MEP
  • 25% on signature of Deed

 

Furniture pack prices vary between €35,000 and €65,000 depending on size of apartment.

Purchase Process:

Once you have selected the property that you wish to buy, you should seek advice from an accountant or financial advisor, and you should select a lawyer to help you with the contracts and legal paperwork.

There are several different ownership options available, e.g. buying in the buyer’s own name or in the name of a company. Each option will have different legal and tax implications; therefore, it is important to consider each option and get legal and tax advice on them.

The procedures and legal acts involved in acquiring a property in Portugal are as follows:

  • Property Reservation: a Reservation Form is signed between the buyer and the seller, or their legal representatives, as a receipt for a down payment, usually refundable (the value of which may vary depending on the acquisition value of the property)
  • Fiscal / tax number: the buyer must obtain a fiscal number (Numero de Contribuinte) at any tax office (Finanças) in order to open a bank account in Portugal
  • Promissory Contract: the promissory contract (CPCV – Contrato de Promessa de Compra e Venda) is signed between the buyer and seller, on which all contractual terms are stated, including the payment terms. Usually, the payment of an agreed to percentage of the acquisition value is due at this stage. Depending on what’s agreed, there can be several stage payments.
  • Public Deed: once the property is finished and all legal documents are in place, legal ownership is transferred by signing the Deed (Escritura) in an official Notary’s Office or another entity.
  • Final Registry: after the Deed, the Notary will register the new owner of the property at the Estate Registry (Conservatória do Registo Predial) and at the Tax authority
  • (Autoridade Tributária).

 

Services & Benefits:

Owners benefit from a comprehensive range of support services.

Resort management:

Structures and communal areas repair and maintenance: roads, gardening, landscape.

Indoor and outdoor common areas: lighting, heating, cleaning, waste disposal, 24h security system including cctv. 

Property management:

House maintenance, pool and garden maintenance, housekeeping.

Concierge:

WOULD YOU LIKE TO VISIT THIS PROPERTY?

We specialise in arranging bespoke inspection trips to all our properties, tailor-made to suit your specific travel requirements. Contact us to speak to a dedicated travel manager.

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