Share in a four-star boutique hotel in Evora.
Description
The project involves the reconstruction of a historic building with a view to developing a modern boutique hotel with a spa area, a garden and a swimming pool. The hotel has 50 rooms.
Completion: end of 2025.
Advantages
- The term of ownership of a share is 6 years. There is a mandatory buyback of the share by the management company after 6 years of ownership for the same investment amount.
- The investor has the opportunity to stay at the hotel for 4 weeks annually: 1 week during high season, 1 week during transitional season, up to 2 weeks during low season.
- Municipal Tax (IMT) is returned to the investor by the government.
- There is no Annual Tax on Enveloped Dwellings (ATED).
Financial performance
The guaranteed yield is 3.5% within 5 years.
Transaction costs
- Legal fees;
- Notary costs;
- Stamp duty;
- etc.
Location and nearby infrastructure
The property is located in the City Walls, in close proximity to the Roman temple of Diana, Giraldo Square, and Bone Chapel.
Evora is one of the most ancient cities in Europe. It's old town is recognized Unesco World Heritage Site. The population of the city is about 60,000 people.
- Baja — 61 km
- Lisbon — 109 km
