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Package of 2 studio apartments for a residence permit in an apart-hotel in the center of Porto, Portugal

387,000 €
6,789 € /m²
£329,000
£5,771 /m²
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  • Total area
    57 m²
  • Completion in
    2023
Details
Property parameters
  • 4-floor building

Package of 2 studio apartments for a residence permit in an apart-hotel in the historic center of Porto.

Description

The package includes two identical 28 m² (each) studio apartments. The apartments are located on the first and second floors of the building.

Other options for purchasing apartments are available in this residential complex (incl. purchase of one-room separate apartment of ~ 50 m²).

The residential complex features 21 fully furnished serviced apartments with spacious rooms. Each apartment has an air-conditioner and TV.

The project also includes a restaurant and swimming pool.

Advantages

  • The investor has the opportunity to stay at the hotel for free for 7 days annually.
  • All responsibilities for asset management are fully borne by the management company.
  • Automatic residence permits to family members.
  • The advantages of European citizenship (free movement in the Schengen area, high-quality medicine, free education in most of the EU countries, etc.).

Financial performance

The projected yield is between 4.2 and 7.5%.

Location

Porto is the second-largest city in Portugal after Lisbon. It is included in the List of Global Cities, being considered an important element of the world economic system. The historic part of Porto is also listed in a UNESCO World Heritage Site. The city attracts about 13 million tourists every year, as well as many expats from Europe, the United States, and the United Kingdom.

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If this ad doesn't suit you, have a look at the other block of flats for sale in Porto (city).

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