UPON BAY MUNDET - Tourism Development

Seixal (Setúbal)

Under Construction

Studio to 3 Bedrooms

From 275 000 €

Description

Invest in a 4-star riverside apartment hotel situated in the Lisbon metropolitan area only 16 minutes from the historic centre.
This branded residence offers a guaranteed return of 5% for three years with a period of usufruct of 2 weeks per year for studios and one-bedroom flats or allows à la carte use for a longer period or full-time use for one-bedroom duplex to three-bedroom flats.
Boasting exceptional views over Seixal Bay and resulting from the restructuring of the iconic Mundet factory building, UPON Bay Mundet features a superb swimming pool with views, sauna, bar and roof terrace, restaurant and lobby, gym, meeting room and car park.
Units ranging from studios to three-bedroom apartments with lofts and duplexes offer a wider variety of options, with balconies or terraces overlooking the river. With an architectural design by Tiago Palmela's TIP architectural practice and interior decoration by Stacing Home, the flats sold furnished, have excellent finishes, fully equipped kitchens, reversible air conditioning and built-in wardrobes.
Concierge services, 24-hour reception and tourism management by the experienced STAYUpon Hospitality are available.
In the centre of Seixal, UPON Bay Mundet will be the ex-libris of the region, with all the facilities at hand: terraces, restaurants, river beach, nature reserve, business areas, with beaches and golf courses 15 minutes away, the centre of Lisbon 16 minutes, and 40 minutes from the airport....
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Available units in UPON BAY MUNDET - Tourism Development

Price

Type

Floor

Surface

Bedrooms

Bedr.

Bathrooms

Energy Efficiency

  • 275 000 €

    (seixal-upon-bay-0020 Studio)

    Studio

    Studio

    0

    70.6 m²

    Yes

    1

    B

  • 290 000 €

    (seixal-upon-bay-0016 Studio)

    Studio

    Studio

    0

    70.6 m²

    Yes

    1

    B

  • 375 000 €

    (seixal-upon-bay-0015 Studio)

    Studio

    Studio

    0

    86.2 m²

    Yes

    1

    B

  • 380 000 €

    (seixal-upon-bay-b325 Studio)

    Studio

    Studio

    3

    82 m²

    Yes

    1

    B

  • 380 000 €

    (seixal-upon-bay-b115 Studio)

    Studio

    Studio

    1

    86.2 m²

    Yes

    1

    B

  • 380 000 €

    (seixal-upon-bay-b321 Studio)

    Studio

    Studio

    3

    82 m²

    Yes

    1

    B

  • 390 000 €

    (seixal-upon-bay-b421 Studio)

    Studio

    Studio

    4

    82 m²

    Yes

    1

    B

  • 390 000 €

    (seixal-upon-bay-b425 Studio)

    Studio

    Studio

    4

    82 m²

    Yes

    1

    B

Price

Type

Floor

Surface

Bedrooms

Bedr.

Bathrooms

Energy Efficiency

  • 295 000 €

    (seixal-upon-bay-c120 T1)

    Apartment

    Apartment

    1

    80.2 m²

    1

    1

    B

  • 305 000 €

    (seixal-upon-bay-b318 T1)

    Apartment

    Apartment

    3

    77.1 m²

    1

    1

    B

  • 310 000 €

    (seixal-upon-bay-d122 T1)

    Apartment

    Apartment

    1

    88.2 m²

    1

    1

    B

  • 315 000 €

    (seixal-upon-bay-c118 T1)

    Apartment

    Apartment

    1

    88.2 m²

    1

    1

    B

  • 315 000 €

    (seixal-upon-bay-b416 T1)

    Apartment

    Apartment

    4

    77.1 m²

    1

    1

    B

  • 315 000 €

    (seixal-upon-bay-b418 T1)

    Apartment

    Apartment

    4

    77.1 m²

    1

    1

    B

  • 325 000 €

    (seixal-upon-bay-0018 T1)

    Apartment

    Apartment

    0

    102.8 m²

    1

    1

    B

  • 325 000 €

    (seixal-upon-bay-0022 T1)

    Apartment

    Apartment

    0

    102.4 m²

    1

    1

    B

  • 510 000 €

    (seixal-upon-bay-c223 T1)

    Apartment

    Apartment

    2

    106 m²

    1

    1

    B

  • 510 000 €

    (seixal-upon-bay-c327 T1)

    Apartment

    Apartment

    3

    90.6 m²

    1

    1

    B

  • 565 000 €

    (seixal-upon-bay-0021 T1)

    Apartment

    Apartment

    0

    147.4 m²

    1

    1

    B

  • 575 000 €

    (seixal-upon-bay-c121 T1)

    Apartment

    Apartment

    1

    147.2 m²

    1

    1

    B

  • 595 000 €

    (seixal-upon-bay-0011 T1-loft-duplex)

    Duplex

    Duplex

    0

    153.4 m²

    1

    1

    B

  • 625 000 €

    (seixal-upon-bay-0024 T1)

    Apartment

    Apartment

    0

    172.9 m²

    1

    1

    B

  • 630 000 €

    (seixal-upon-bay-0023 T1-loft-duplex)

    Duplex

    Duplex

    0

    163.5 m²

    1

    1

    B

  • 695 000 €

    (seixal-upon-bay-0009 T1-loft-duplex)

    Duplex

    Duplex

    0

    175.7 m²

    1

    1

    B

  • 795 000 €

    (seixal-upon-bay-0027 T1-loft-duplex)

    Duplex

    Duplex

    0

    207.5 m²

    1

    1

    B

Price

Type

Floor

Surface

Bedrooms

Bedr.

Bathrooms

Energy Efficiency

  • 675 000 €

    (seixal-upon-bay-c322 T2)

    Apartment

    Apartment

    3

    159.9 m²

    2

    2

    B

  • 690 000 €

    (seixal-upon-bay-c420 T2)

    Apartment

    Apartment

    4

    159.3 m²

    2

    2

    B

  • 725 000 €

    (seixal-upon-bay-b216 T2)

    Apartment

    Apartment

    2

    179.7 m²

    2

    2

    B

  • 730 000 €

    (seixal-upon-bay-c222 T2)

    Apartment

    Apartment

    2

    180.2 m²

    2

    2

    B

  • 765 000 €

    (seixal-upon-bay-d124 T2)

    Apartment

    Apartment

    1

    196 m²

    2

    2

    B

Price

Type

Floor

Surface

Bedrooms

Bedr.

Bathrooms

Energy Efficiency

  • 885 000 €

    (seixal-upon-bay-d324 T3)

    Duplex

    Duplex

    3

    202.7 m²

    3

    3

    B

Amenities

Discover everything you can find and transform it into well-being.

Swimming Pool Outdoor

Garden

Construction end: 2025-06-30

Meeting Room(s)

Units with Terrace

Solar Orientation: East/West

Impaired Mobility Access

Lift

5 Floors

Seixal, Lisboa, Portugal
Seixal, Lisboa, Portugal
AN EXCLUSIVE RETREAT
AN EXCLUSIVE RETREAT

This development is situated in a prime location along the river, where Vasco da Gama's caravels set sail. The historical heritage linked with the sea remains prominent in Seixal, offering a wide range of nautical activities. As one of the most vibrant municipalities on the Setúbal Peninsula, Seixal boasts a diverse array of offerings, from industrial and business centres to leisure and cultural amenities. Enhanced by excellent road, river, and railway infrastructure, Seixal's Bay is designated as a Nature Ecological Reserve, renowned for its high biodiversity and exceptional landscape quality. The area hosts numerous festivals and attracts the highest concentration of young people throughout the year.

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Discover

Housing Development with Swimming Pool
Swimming Pool
Housing Development with Playground
Playground
Housing Development with Gym
Gym
Housing Development with Garden
Garden
Housing Development with Activities
Ativities
River Front Housing Development
River Front
Housing Development near Lisbon
15 min from Lisbon
Housing Development with good Gastronomy and Wine
Gastronomy and Wine
Housing Development near Bird Watching
Bird Watching

Features

Double Glazed

24 Hour Security

Security Video Surveillance

Air Conditioning

Smoke Detector

Thermal Insulation

Fire Detector

Solar Panels

High Security Door

Window with Thermal Cutting

FAQ'S

The apartments at UPON BAY MUNDET | Seixal are part of a 4* Hotel-Apartments.

UPON BAY MUNDET | Seixal is a tourist development made up of 4* Hotel-Apartments of a sustainable nature located by the river, on the bay of Seixal, in the Lisbon Metropolitan Area.

T0, T1, T1 duplex, T2 and T3.

The main difference between conventional residential apartments and apartments integrated into a 4* Hotel-Apartments relates to the services that must be provided to the owners of the accommodation units in the 4* Hotel-Apartments and the way in which the income from their operation can be obtained.

The apartments integrated into a 4* Hotel-Apartments are intended to earn an income, and their tourist use is ensured through the operating entity, designated by the developer, which will manage all the accommodation units of the 4* Hotel-Apartments that are in tourist use, their common areas, as well as the Bar and Restaurant.

However, the owner is not obliged to put his apartment into tourist use, so he can always use it on a permanent or occasional basis.

Like any apartment building, there will be maintenance costs, current expenses for common areas and other costs inherent to the tourist classification.

In the case of UPON BAY MUNDET | Seixal, which are apartments integrated into a 4* Hotel-Apartments, the owner of an accommodation unit that is in tourist operation must pay the periodic installment to the management entity, which is intended, in particular, to:

  • Cover the maintenance, upkeep and operating costs of the accommodation units;
  • Pay for the respective reception, security and cleaning services for the common parts of the tourist apartments;
  • To pay for the services provided by the management entity;
  • To pay for the services of the statutory auditor;
  • To pay the amounts relating to FF&E (Furniture, Fixtures and Equipment) and OS&E (Operating Supplies and Equipment) insurance,
  • Pay for any additional services provided.

The periodic payment includes all the expenses necessary for the operation of the tourist resort and its classification by Turismo de Portugal, which are not considered operating expenses linked to the tourist operation.

The following expenses are considered to be operating expenses of the Tourist Operation Program (POOL): marketing and booking commissions, bank and card commissions as well as the various payment methods, tourist management fees, cleaning and laundry, light maintenance, upkeep, respective direct taxes and fees and the cost of legal proceedings.
Operating expenses linked to tourist operations are not included in the periodic payment.

The owner of an apartment integrated into the 4* Hotel-Apartments which is in tourist operation will have the right to:

  • Benefit from the services provided by the operator, including the legally stipulated and approved minimum services;
  • Receive the co-payment agreed for the operation of their accommodation unit;
  • Enjoy their accommodation unit during the stipulated periods, as agreed in the management/tourist operation contract.

In general terms, the owner of an accommodation unit must:

  • Avoid any act that could jeopardize the tourist nature of the accommodation unit, which must at all times be in a condition to be operated;
  • Know that they may not lease or in any way assign the management of their accommodation unit to another operator other than the one that will manage UPON BAY MUNDET | Seixal.

In the case of UPON BAY MUNDET | Seixal, you can. All you have to do is let the operator know that you intend to use the apartment indefinitely.

However, you should bear in mind that, in logistical terms, it will be necessary to keep the apartment properly furnished and equipped if you later want to hand it over to the operator for tourist use.

The purchase of a tourist apartment will be subject to IMT (although it will not be possible to benefit from the reduced rates applicable to permanent housing).

In some exceptional situations, which should be analyzed by the client's legal and tax advisors, the purchase may alternatively be subject to VAT or IS, depending on the purpose of the apartment and the quality of the buyer.

The apartment will also be subject to IMI (annual tax, possibly paid in installments).

It depends on the status of the owner of the apartment. IRS will be levied in the case of natural persons and IRC in the case of legal persons.

In certain cases - especially when the apartment is intended primarily for tourist use - it may be more advantageous to purchase the apartment through a company. This option should, however, be analyzed - taking into account the specific case - by the client's legal and tax advisors.

The apartments will be fully furnished and equipped. The owner will be given a complete inventory [Annex to the Tourist Operating Contract (CET)].

Unlike other proposals available on the market for this type of investment, at UPON BAY MUNDET | Seixal, the decoration package is included in the purchase price of the apartment.

This decoration package includes the following equipment:

  • Basic furniture for all the rooms in the accommodation unit included in a 4* Hotel-Apartments (beds, chairs, sofa, dining table, etc.);
  • Kitchen and bathroom appliances;
  • Cutlery, crockery and other kitchen utensils;
  • Sheets and towels;
  • Amenities.

If your apartment is not intended for tourist use, you can adapt the decoration and furniture. However, given the tourist nature of the accommodation unit, there are minimum furniture and equipment requirements that must be maintained at all times in a tourist apartment.

Yes, the accommodation units are placed under tourist exploitation. In the case of UPON BAY MUNDET | Seixal, the owner can decide to exclude his apartment from tourist exploitation.

The income that you can earn from the apartment will depend on the terms of the tourist management contract signed with the operator.

The guaranteed return of 5% per year calculated on the value of the first purchase, for a period of 3 years, will apply to accommodation units of the types T0 and T1 that are in tourist use.

After the initial 3-year period, the owners of these accommodation units will benefit from the variable return.

Accommodation units with the typologies T2 or T3 will benefit from a variable return, i.e. there will be a sharing of the return between the owners, in a pool system, as long as the accommodation unit is in tourist use for a period equal to or greater than 3 months/year. This means that a la carte use is allowed, with a longer period of use, with the profitability being shared by the owners and variable, depending on the period given to the operation.

Yes, you can, as long as you obtain prior authorization from the operator and all the legal requirements for tourist use and the operating contract are respected.

Yes, you can sell your apartment. However, as the tourist use contract is attached to the deed of sale, you must inform the operator of the sale so that the new owner can be registered.

As the owner, you can decide whether you want to earn an income from your apartment by putting it into tourist use, through the operator, or whether you want to keep it out of tourist use. Rental contracts are not allowed in tourist developments.

If your apartment is in tourist use, the Operating Entity is the only entity that is legally authorized to enter into contracts for the provision of accommodation services with the user of the accommodation unit.

The tourist exploitation of accommodation units can only be carried out by the exploiting entity and according to Portuguese law there can only be one entity for all accommodation units.

In the constitutive title of the tourist development, it is legally obligatory to designate the operating entity that has been selected by the project promoter, which will be responsible for the tourist operation of the apartments integrated in the 4* Hotel-Apartments.

However, if the operator fails to meet its obligations, the general meeting of owners can decide to dismiss it and appoint a new operator, at the same general meeting of owners, and a guarantee of good administration and maintenance must be provided.

The Libertas Group has chosen MARMEQUER II, S.A. as the Operating Entity for UPON BAY MUNDET | Seixal, an entity specialized in real estate and hotel management, which will provide all the services inherent to the project.

NB - If there is any doubt about the interpretation of any of these FAQ's, please refer to the constitutive title of the tourist resort and/or the tourist exploitation contract, which shall prevail.

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