Empreendimento Upon Bay Mundet
Investimento à beira-rio
Investimento à beira-rio
Investimento à beira-rio
HOTEL APARTMENTS

Riverfront Investment

From

275 000 €

Just 16 minutes by ferry from Lisbon, with a breathtaking view of the capital, UPON Bay Mundet stands right in the heart of Seixal’s Bay and is the result of the complete renovation of an idyllic and historical building.
The interior design draws inspiration from the project’s fundamental element – cork – seamlessly incorporating this raw material into the design elements in a unique way, lending an exclusive ambience to the spaces.
Situated in the vibrant hub of a city this property is the perfect choice for either living or investment.

5% Return on Investment
4 Star Unit
Historical Building
Investment
Highlights

Upon Bay Mundet is a unique product, steeped in history and offering high-quality construction and service standards, developed by a highly reputable team with a very solid track record in the market.
Ensures a freehold investment, fully managed, with 15 days of free use by owners, with expected 5% rental yields annually.

The Product

This unique 4-star property targets a young, creative, and sophisticated audience. Idyllically situated by the river, it offers year-round adventures: summer fun and outdoor activities, winter relaxation, and cultural experiences. The hotel provides excellent facilities for the MICE industry, Mindfulness and Wellness Retreats.

Unique and Exclusive Investment

Own your piece of paradise with a secure investment concept. You retain full ownership while an experienced hospitality team manages the property, generating rental income for you. Enjoy 15 days of complimentary use annually. Guarantees of 5% return on investment and potential property appreciation exceeding 25% of the selling price.

Services

15 days of free use per year with all guest services included:

  • Reception 24/7
  • Video Surveillance
  • Gym
  • Swimming pool and Sauna with panoramic view
  • Common areas
  • Special Rates
Security & Transparency

Tangible and individualized real estate investment (full ownership, with one owner per apartment).
Quarterly statement accounts and annual reports of the Touristic Development Program.
Clear process in revenue distribution.

HOTEL APARTMENTS

The project consists of 102 apartments ranging from Studio to 3 Bedroom Duplex Apartments. The contemporary apartments, spread over four floors, are sold decorated, furnished, and equipped. Located next to the Tagus River, with spacious and sunny balconies overlooking the Seixal promenade, it offers stunning views of Lisbon and Almada, with the 25th of April Bridge and Cristo-Rei on the horizon.

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

UPON Bay Mundet is in a privileged location facing the river, Seixal where Vasco da Gama’s caravels set sail. The historical heritage linked to the sea remains, offers a wide range of nautical activities. As one of the most dynamic municipalities on the Setúbal Peninsula, Seixal has a diverse offer, from industrial and business centres to leisure and cultural facilities, with excellent road, river, and rail infrastructures. It also hosts numerous festivals and attracts the largest concentration of young people throughout the year. Its bay and riverfront are classified as a Natural Ecological Reserve, recognized for its high biodiversity and exceptional landscape quality.

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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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    Avenida MUD Juvenil (in front of Seixal River Pier)

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    The information, images or other advertising references are merely illustrative and may not correspond to reality, nor being contractual. They may be subject to modification or variation for technical reasons, as well as the result to the evolution of the interior architecture project (coverings, equipment and furniture). | Policity – Sociedade de Mediação Imobiliária S. A. – AMI7893

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