The premium class residence offers 97 two-, three-, and four-bedroom apartments. Apartments sell in finished condition and fully furnished. Prices range from € 770,000 to € 2.5M.
The residential complex also features a rooftop restaurant and a bar, a spa, a fitness centre, a conference hall and a parking.
The property is managed and serviced by a top hotel operator, managing a chain of five-star hotels worldwide. The management agreement has been signed for 20 years with a possibility of extension.
Extra opportunities
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.
Interior
All the apartments have one or more separate bedrooms, a spacious dining room with a kitchen serving as a living room, a large balcony and a bathroom.
Advantages
The investors buying the apartments can secure Portuguese residency for themselves and their families without having to wait for the property to be commissioned.
Financing is available at 2.5—3% p. a., but to obtain a residence permit a minimum of € 500,000 needs to be invested immediately.
Investors can use the property for 4 weeks a year: for 1 week during the summer and winter seasons and for 2 remaining weeks at any time of the year.
Financial performance
Guaranteed yields of 5% under a five-year programme or 3% for 10 years, regardless of the apartments occupancy. Upon the termination of the preferred time period, the yields are to be calculated from the actual rental revenue.
Location and nearby infrastructure
The residence is located in Belém, the western district of Portugal’s capital, on the bank of the Tagus river.
Lisbon’s historical centre, cultural monuments, museums, restaurants, bars and all the necessary infrastructure for comfortable recreation are within walking distance.
Yachting aficionados will also appreciate the proximity of numerous marinas located on the coast of Belém, next to the residence.
