Ocean View at Meia Praia Luxury villas in an exclusive location www.luxuryvillas.pt 01 Ocean View by Alma Do Mar Ocean View is a development by Alma do Mar Luxury Villas with a location that could not be bettered. Lying in an elevated position immediately adjacent to the Onyria Palmares Beach & Golf Resort, the predominant sound is that of the sea washing against the golden sands of Meia Praia beach, just half a kilometre away. The views from every plot are outstanding, with the beach and the ocean in the foreground and the city of Lagos and Ponta da Piedade providing a stunning backdrop, especially at sunset. The award-winning Lagos Marina lies a healthy walk or cycle away, with the vibrant city itself just beyond. Alma do Mar Luxury Villas is the prestige property brand of New Paradigm, which is a Portuguese company co-owned by British property developer Medcentres Plc. Together, they have over two decades of experience in providing luxury homes. They are consequently perfectly equipped to deliver high quality, turnkey developments such as Ocean View. The villas will quickly become homes in every sense. Not only will they have their original owner’s input into the design and specification but they will all benefit from a residential planning licence, which provides absolute legal title to the land. This means that each owner will be able to make their own arrangements with utility providers, and there will not be any of the condominium service charges associated with developments that only have a touristic licence. Purchasers will also be able to take advantage of Portugal’s golden visa and non-habitual resident tax regime, recently introduced to attract new residents to Portugal. 02 Each of the twelve luxury villas will be designed by one of Portugal’s leading contemporary architects: Mario Martins. Our clients will be provided with every opportunity to work alongside Mario to influence the design and truly customise their dream home. Construction will be led and managed by us, and each client will be provided with both an English and Portuguese speaking project manager, who will arrange site visits and provide regular updates. To provide the utmost privacy, each villa will be single-storey with a large roof terrace and be set in individual plots of no less than 3000 m2. Construction areas will typically vary between 400 m2 and 560 m2. excluding basements and outside covered areas. With planning permission now well advanced, final stage approval is expected by the end of June 2015 and construction will begin shortly thereafter. We are not averse to selling some of the plots to those who wish to develop privately. However, to protect our vision for the development, any such sale will be subject to terms and conditions relating to design and completion. 03 04 Location Our Ocean View development overlooks Meia Praia beach. It is next door to the Palmares Golf & Beach Resort, with the marina and city of Lagos some three kilometres to the West. The compact but vibrant city of Lagos has a rich architectural and cultural heritage. It also benefits from many excellent bars and restaurants. The development site plan is shown overleaf. The land gradually rises from thirty to sixty metres above sea level, and is less than five hundred metres from the beach. The spectacular topography has allowed us to create a development which affords privacy to the individual villas and also allows each villa to enjoy spectacular views across the bay to Lagos. Ocean View Development Ethos Alma Do Mar’s mission is to provide select clients with the completed villa of their dreams. To this end our clients will be invited to work closely with our architect to influence the internal design and overall specification. Each client will therefore be allocated a project manager who will act as a co-ordinator and facilitator. In particular, your project manager will take direct responsibility for the outcome of the project and act as your administrator to take responsibility for arranging service connections and the final licences. 04 The Plots 3 4 11 13 12 15 16 14 17 Plot Plot Area Internal Area Internal Area 3 3517 m 430 m 2 520 m2 4 3332 m2 440 m2 530 m2 11 3292 m 430 m 2 520 m2 12 3286 m2 400 m2 490 m2 13 3060 m 2 400 m 490 m2 14 3485 m2 460 m2 550 m2 15 3298 m 430 m 2 520 m2 16 3634 m2 480 m2 570 m2 17 3644 m 2 510 m 600 m2 18 3921 m2 479 m2 569 m2 19 3032 m 2 420 m 510 m2 20 7910 m2 560 m2 650 m2 21 3580 m 420 m 510 m2 2 2 2 2 2 2 2 2 (Inc. Basement) Planning Outline planning for the development was provided by the Meia Praia Master Plan which was passed into law in 2008. The Municipal Council of Lagos approved the detailed plan on the 4th February 2015 and it is now with the regional authority for final approval. A period of public consultation will then 18 19 follow. After this, we anticipate that the detailed plan will pass into law before the 30th June 2015. The plots that are still available range in area, between 3,000m2 and 4,000m2 and have construction 20 21 rights ranging between 400m2 and 560m2. These construction rights relate to the internal enclosed areas of the villa but exclude both basements and external covered areas. Basement, storage and garaging areas can be built in addition to the core construction areas. Our standard specification includes an allowance of 90m2 for these ancillary uses. The construction rights should be seen as a maximum for the internal area, and it is of course possible to build a smaller villa initially and then extend to the maximum area allowed in the future. 05 Design The design of the individual villas will be entrusted to Mario Martins. Mario is not only extremely talented, but incredibly engaging and flexible. He is therefore more than happy to customise his design concepts to suit the individual needs of each client. However, Mario will respect the urban design parameters which are in place to ensure the highest quality of exclusive development with as much privacy as possible. These parameters are for single-storey contemporary villas with plot sizes of no less than 3000m2. Roof terraces are allowed, to take advantage of the spectacular views. We welcome the fact that the planning conditions require us to pay very special attention to the landscaping. This gives our clients the best of both worlds: the possibility of a unique design, but one that shares the same modern architectural language as the immediate neighbours. This will not only provide an aesthetically pleasing development but also enhance future values. Mario was born locally and, as such, has a particular affinity with the site and Lagos. Each luxury villa will be of single-storey construction, with a roof terrace. They will all have a primary south to south-westerly aspect and enjoy ocean views. The modern external design ethos will be clean and minimalistic with the use of floor to ceiling glazing to make the most of natural light. The terraces will be created using natural stone and feature infinity pools heated using low carbon technology. Energy efficiency is one of our core values and every design will adopt green technology such as heat recovery and LED lighting. 06 The internal design will also be clean but functional. The emphasis will be on the use of natural materials and high quality porcelains for floor coverings and feature walls. Natural standard wood will choice be for the internal doors and wardrobes but the final choice will be that of the owners. Careful consideration will be given to the lighting design and fully automatic home control systems are offered as an optional customisation. Our architects designers will and be internal on hand throughout the project to help and advise on all the aspects of design. 07 Construction Each of our individual luxury villas will be built to the highest of modern standards. Externally there will be natural stone terraces with a heated swimming pool providing a stunning feature. The garden will be landscaped and irrigated with a system which takes advantage of rainwater harvesting. The internal specification will include a luxury fitted kitchen, and bathrooms with furniture from Grohe and Villeroy & Boch. The master bedroom will feature a luxury wet room. Energy efficiency will be ensured through solar panels, air-source heat pumps and efficient lighting. Our villas are for all year round living and so will be insulatated against the lower winter temperatures. Heating will be provided using a combination of energy efficient under-floor heating and reverse cycle air conditioning. Each villa will have an alarm and a wireless internet system ready for connection. Optional extras will include state of the art home entertainment, home automation and CCTV security systems. All of which will allow your home to be controlled and monitored via the internet should you so wish. 08 Specification Summary Guide Pricing Our standard specification is luxurious by all modern As each villa will be customised to the individual requirements of each client, a final standards. It includes: price cannot be given until the precise design and specification is known. That price • Fully fitted kitchens with high-quality appliances • Floor to ceiling aluminium solar glass windows will be guaranteed. • Large master bedroom with ensuite wet room The following guide prices assume that the construction rights of each plot are • Ensuite bathrooms to all other bedrooms utilised completely and are for a turnkey project based on our standard specification. • Built-in wardrobes and storage • Bathroom furniture from Grohe, Villeroy & Boch These packaged prices include a significant discount on the combined individual • Floors finished in high quality porcelain or natural wood costs of the plot and construction. • Terraces using natural organic materials • Roof terraces • Under-floor heating and reverse cycle air conditioning • Heated pool using an environmentally friendly air-source heat pump • Home security alarm systems • Solar panel water heating • Landscaped gardens with irrigation and rainwater harvesting • Boundary walls and electric entrance gates • 90m2 basement with two car garage, storage and technical areas Optional Extras: • Home-entertainment systems • Home-automation systems • Lutron lighting systems • Marble or natural stone floors Plot Internal Area Internal Area Inc. Basement Completed Turnkey Project Cost 3 430 m2 520 m2 € 2,144,369 4 2 440 m 2 530 m € 2,172,384 11 430 m 2 520 m2 € 2,131,994 12 400 m2 490 m € 1,968,664 13 2 400 m 2 490 m € 1,957,364 14 2 460 m 550 m 2 € 2,312,004 15 430 m 2 520 m2 € 2,157,919 16 480 m2 570 m € 2,370,439 17 510 m 600 m 18 479 m 2 2 2 2 € 2,516,994 2 569 m € 2,412,435 19 2 420 m 510 m2 € 2,103,984 20 560 m2 650 m2 SOLD 21 420 m 510 m € 2,161,344 2 2 2 • Ground source heat pumps Guide prices include IVA and 90m2 for a basement with a two car garage, technical areas and storage. Prices can be adjusted for clients that wish to build smaller villas than the maximum permitted. 09 Investing in Portugal The Portuguese government has developed a number of incentives for EU and non-EU residents that make both investing and residing in Portugal incredibly attractive. This, alongside the wonderful year-round climate and excellent healthcare, makes the Algarve the ideal place to buy your new home. Living in the Algarve is not only a fine financial investment, but more importantly a wise investment in your wellbeing. Portuguese Golden Residency Permit Residency permits are granted to non-EU nationals who make qualifying investments into Portugal either directly or through a Portuguese registered company, thus granting the holder the ability to work in Portugal and travel within the Schengen area. The permit is renewed on three occasions over a five-year period, after which the applicant is eligible to apply for permanent residency. The investment can take place in a variety of forms, the simplest of which is a minimum €500,000 investment into Portuguese real estate. The investment can be financed, the property may be charged and it may be leased for tourism purposes. 10 Non-Habitual Residents Tax Regime Security & Healthcare For individuals who qualify as a Portuguese tax resident and have not In its most recent report the World Health Organisation (WHO) ranked been taxed as such in the past 5 years, special tax rates are applicable the Portuguese health system in 12th place globally. Health in Portugal is under a new regime for a consecutive period of ten years. typically organised through the National Health Service, however there is also a wide network of private health institutions. The state hospital To qualify as a Portuguese tax resident individuals must own a property network also has long-standing links with major insurance companies. in Portugal and demonstrate an intention to use it as a habitual residence (for example, by purchasing a property that is residential and not Portuguese hospitals have begun to implement personalised patient touristic). Secondly, they must, over the course of a year, remain in care and monitoring services, designed entirely to make overseas Portugal for 183 aggregated days. patients more comfortable by using English as the language of communication. Lagos itself has a national and private hospital, both of Following qualification as a Non-Habitual Resident with the Portuguese which have English-speaking staff. Authorities, the individual will benefit from a flat 20% tax (plus a small sur-tax) on all Portuguese-sourced income and self-employment income that is derived from high-value added activities. The individual will also benefit from the Portuguese tax treaty network. The Algarve, and in particular Lagos enjoys relatively low levels of crime and the city and surrounding areas provide a safe environment at all hours, for individuals and groups alike. Portuguese Head Office Avenida dos Descobrimentos Cobertura Parque de estacionamento Frente Ribeirinha Lagos, Portugal UK Head Office First floor, Highfield House Bartons Road Fordingbridge SP6 1JD, UK +44 1425 650 080 Contacts Francisco Morais +351 962 323 724 James Arnold +351 914 447 722 Online [email protected] www.luxuryvillas.pt
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