Rua de Melides, 1, Grândola

Grândola, Setubal 7570

Portugal

The project is located in Rua dos Melides, in a street that shares the same name with the world’s famous beach nearby – Melides, a well know location in the city of Grândola, which is why the region is currently the 3rd most sought after in Portugal, in terms of real estate value.

The project will be a private residential condominium composed by 3 main buildings in simplistic and modern style. The design concept of the project is inspired by the classic binomial combination of white and wood, contrasting with the arid landscape full of cork oaks, characteristic of Grândola. These choices also reflect the history of the previous building - an old olive oil cellar, between a traditional style and a more modern approach. The project is comprised of 35 brand new apartments, divided in 9 T1 units and 26 T2 units.

Matching the Grandola lifestyle, the nature theme will be widely used here. Most of the apartments come with a balcony from 6-22m2, providing the sensation of open space to enjoy the sunshine and great views.

The condominium has a community garden where people can enjoy a walk or other leisure activities. Keeping in mind families with children, a playground with outdoor facilities such as swings and slides for children will be constructed for them to play safely and happily without the need to go outside. Also, in order to create a fully equipped condominium, the project will feature a swimming pool, and a bar on the side, supplying drinks and pool side services for people while they enjoy the sun and pool, and create joyful memories with family and friends.

Location:

This charming complex are a 30 minutes drive away from the largest beach extension of the country, white sand famed beaches Comporta and Carvalhal and more south, the surfers paradise beaches of Vicentine Coastline.

From the vibrant and buzzing Comporta, which has gained its international fame as the “European Hamptons”, and the ambiance is felt with luxury boutique hotels, luxury calls and bohemian lifestyle with art galleries, stores and nightclubs, to Melídes and Porto Covo, which have a more reserved and chilled feel and a whole lot of character and authenticity, this region is on the top of the list of super affluent locals, Europeans and Americans, wishing to own an oceanside residence in this unspoiled nature paradise setting.

The project is situated in the village of Grândola, a typical Alentejo town and municipality located in the south District of Setúbal, a merely 60 minutes drive from Lisbon and International Airport and 90 minutes drive from Faro.The village serves as pleasant commuter settlement with its own railway station offering direct transport between the capital Lisbon and Faro.

Alentejo is a region of unparalleled beauty and authenticity, a magic territory surrounded with castles and picturesque villages. The biggest region of Portugal is well known worldwide for its vineyards, gastronomy, organic farming and as the largest cork producer in the world.

As Forbes article presents “In recent years, the Alentejo has captured the world’s attention—an agricultural region that people like to compare to Tuscany, with dusty wide-open landscapes under epic skies that some have likened to African savannas. It’s also rich in history, and home to some of Portugal’s best wines and gastronomy. “

Investment Opportunity:

Apartments are eligible for immediate reduced Golden Visa Investment Programme for the applicant and family members, with an option of fixed or flexible attractive annual rental income, fully managed by the project developer over the course of 5 years.

The real estate properties have been consistently increasing for the past years becoming an extremely promising investment return. The demand for properties in Alentejo continues to be on the rise, and until 2022 prices have, on average, increased 18% per year since 2017.

Estimate Delivery Q2 ́2025 with possibility to receive Fixed 4% or Variable Yield.

Currently available Options:

A.003 Ground Floor | 75,57 sqm | two bedroom unit - 335 000€

A.004 Ground Floor | 75,79 sqm | two bedroom unit - 335 000€

A.103 First Floor | 78,7 sqm | 6,46 terrace | two bedroom unit - 345 000€