Other buy in Porto Porto

This amazing project is a 26 Unit serviced apartment building in Porto city center. The project was designed for those that are looking forward to apply for the Portuguese Golden Visa program through a real estate investment in the city center of Porto, through freehold, hassle free investments. Investors will have full ownership, and a title deed on their acquisition, meaning that this is not co-ownership or co-investment. It ́a freehold investment. Project is located, at walking distance from Porto City Hall, Bolhão Market, Majestic Cafe, and Marquês Square . There are two metro stations nearby - Marquês Square, which is connecting the University campus in 3 stations, and Trindade, which is the one serving Porto city Hall. The project has 1600 sqm of garden spaces, with swimming pool, co-working space, gym, laundry services, cleaning services and a concierge. The developer is offering a 3,5% guaranteed return on investment over the first 5 years of operation . From year 6th onwards, it will be indexed to the performance of the property on the hospitality sector. It ́s also included in the investment a 7 day stay per year in the property, at no cost. Price for for the 1 bedroom Units is 400k€, and for the duplexes is 450k€, althought we can do a 50k€ discount, deducting the 50k€ from the guaranteed rental income over the first 5 years on the 1 bedroom units, and 371.250€ on the duplexes, deducting 78.750€ of guaranteed rental income on the duplexes. Instead of receiving 70k€ during the first 5y, investors will only receive 20k€ on the one bedroom units, and no income at all on the duplexes. With this discount, investors are eligible to buy bigger units, and the income generated from year 6th onwards, will be higher, once it ́s paid on a prorata basis based on the investment ammount. Construction is expected to start in the 1st Q 2023, and completion is scheduled for December 2024. About Porto: Capital and gateway to the north of Portugal, Porto is both the city that provided a nation with a name and a fortified wine known world-wide: port. Northern Portugal, widely regarded as the driver of the Portuguese economy. Entrepreneurship and technology allow Porto to be considered as one of Europe’s main start-up hubs, with a growing number of techno- logical companies choosing Porto for their headquar- ters, not only because of easy access to skilled labour, but also for the city’s good access routes and available facilities. With its splendid geographical location on the mouth of the river Douro and an architectural heritage of exceptional quality, the historic centre of Porto was declared UNESCO World Heritage in 1996. Porto is the capital of the North and the second largest city in the country; its hard-working inhabitants are noted for their commercial enterprise, always standing firm against outside impositions and foreign invaders, which explains why Porto has become known as the «unvanquished» city. In addition to its history, any visitor to Porto will be quickly impressed by the forceful character both of the city and its inhabitants. If you want to get to know the city better, we recommend a gentle stroll through its streets, taking time to admire the typical granite houses and monuments, enjoying a tram ride along the banks of the river, or even going for a boat ride under the city ́s six bridges, from where you can enjoy an entirely different view of the city. These itineraries seek to demonstrate the impressive contrasts this city has to offer. The "Baixa (Downtown)" of Porto, with all the rhythms of city life, its movement, and intense retailing. There is a very peculiar expression that bestows a Nordic, mercantile tone onto a city that is both spiritually and intensely baroque. In sharp contrast, in the Serralves Park, there is the sheer modernity of the building housing the Museum of Contemporary Art, and the romantic, soothing surroundings of the surrounding leafy park.