The River View/ Cais das Pedras building was rehabilitated to alter and expand to a multifamily housing and restoration building. The intervention respected the architectural features of the building in orderto preserve its identity.
The development consists of a restaurant, rented, located on floors 0 and 1, with a profitability of 6%, and 3 apartments, 2 T1 and 1 T2 on the last floor (attic).
The apartment T2 in the attic is currently available for sale. Asking price is 600.000, 00 €.
Asking price for the restaurant is 1.200. 000, 00 €. It is leased, paying a monthly income of 6,000.00 €, which gives a profitability of 6%.
The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.
The apartment comprises a living room (81.84 m²), a separate kitchen (9.20 m²), two bedrooms (14.83 m² and 14, 60 m²), each with en-suite bathroom (3.07 m² and 4.40 m²) and a WC.
Location and nearby infrastructure
The property is located in the historical area off city Porto city — classified by Unesco World Heritage on the coastal road between Foz and Porto's Historic Centre, first line of Douro river, in the urban area of Porto's Ribeirinha.
It has magnificent views of the river and Gaia waterfront. Excellent location and visibility.
Area with historical and tourist attractions: Alfandega Congress Center, Palacio de Cristal future Congress Center, World of Discoveries Museum and Cinema 5D Look At Porto. And is between Electric Car and Port Wine museums.
It has good access, good public and tourist transport network and good urban infrastructures, is within walking distance from Sto. Antonio Hospital.