Other buy in Massarelos Porto

Idealised for the savvy investor, the Backend Residence is a unique opportunity to invest in luxury housing, catered to students and education professionals alike. Located in northern Portugal's largest city, Porto is an ERASMUS hotspot and ever-evolving cultural reference. Renown for its timeless character, the city which comes to life along the Douro River, is home to several prominent higher education institutions and a large, underserved, student population. Herein lies the investment opportunity . Adjacent to the ISCAP (Instituto Superior de Contabilidade e Administracão do Porto) with over 4,500 students, the subject property encompasses 1,680 m2 with an approved architectural plan for 42 units , totalling 767 m2 of built private area . Featuring food services, laundry, recreational areas and private suites, in an enclosed and safe environment, the Backend Residence will offer a student experience unmatched within the city. Offering two investment paths, long-term leasing or asset resale , the approved plan is a turn-key solution , thanks to available strategic partnerships which can deliver the finished product on-time and within budget. Estimated project timeline from purchase to delivery is 18 months . It is worth noting that the project benefits from the horizontal property regime , permitting the resale of individual units. Yields are conservatively estimated, while backed by the high student demand generated by the ISCAP, with projections of a 9% leasing return* and 21% return upon resale of all units* . A detailed information package is available. We welcome international and institutional investors to contact us for further details. * Estimated yields do not include projected returns from laundry services nor on-site parking, which would be in addition to these projections. Ref: PP4312 Property Features Commercial 42 bedrooms Air conditioning Garden Furnished Heating Parking Gym Laundry room Storage room New development Near bars/restaurants Near schools Near shops