Property description

T1 Apartments in Porto with 5,5% yield - PORTO ART'S SUITES - Under Development

 

Porto Art’s Suites is located in Old Town Porto, Rua das Fontaínhas is surrounded by historical buildings such as the Faculty of Fine Arts, as well as the well-known and beautiful Garden of S. Lázaro.

Also nearby one finds the Miradouro das Fontainhas which is an unavoidable visit point, where you can enjoy relaxing moments full of breathtaking landscapes.

Porto Art ́s Suites is surrounded by cosmopolitan life with multiple attractions. Poveiros Square is today a place of entertainment and conviviality and Batalha Square faces the spectacular São João National Theater. The Porto Coliseum concert hall is close by.

Within this framework of history and culture, living is simply an art.

 

The Porto Art ́s Suites project is part of the rehabilitation of Properties of Patrimonial Interest of the city of Porto, giving a new life to the history and culture that surrounds it.

Being a complete new built, it brings added advantages to the rehabilitation process, since it provides the contractor's team free range to prepare and build with new materials allowing for a faster building time. 

Porto Arts Suites will be a perfect complement to the Porto Art’s Hotel providing extra space and flexibility that a regular hotel room isn’t able to.

 

FEATURES:

  • Access To Porto Art’s Hotel Pool;
  • Access To Porto Art’s Hotel Restaurant;
  •  

MIN. GOLDEN VISA INVESTMENT: 

350.000€

LOCATION: 

Rua das Fontaínhas, Porto, Portugal

AVAILABLE UNITS:

21

AREAS: 

From 28.62 sqm;

PRICE: 

From 356.900€;

STATUS: 

Under Development;

PROJECT TIMELINE

Opening date: 

2nd Quarter of 2022;

 

INVESTMENT OVERVIEW:

  • Freehold Apartments Integrated In a Serviced Hotel;
  • Management Service Agreement in place;
  • Owners enjoy a priority of 7 days free stay, with extended usage possibility;
  • This unique property investment is yours to keep, or sell once Horizontal Property is completed.

Scope of project:

  • 3* Serviced Apartments Hotel

Summary of units:

  • 18 One Bedroom Units ranging from 356.900€ to 381.900;
  • 3 Units comprised of Two Studios for 386.900€ each;
  • Reservation deposit 10k valid for 3 months;

YIELD:

  • Expected average gross return of 5,5% over a period of 5 years (depending on occupancy rate).

 

 

AVAILABLE UNITS:

SOLD TOGETHERUNITFLOORTYPOLOGYCOVERED AREA sqmOPEN AREA sqmPRICE
Apartment A + Apartment E10T131.4943.23€386,900.00
 20T149.400€356,900.00
 30T150.030€356,900.00
 40T150.900€356,900.00
Apartment A + Apartment E11T131.490€386,900.00
 51T149.400€361,900.00
 61T150.032.46€363,400.00
 71T149.855.10€364,400.00
 81T149.726.29€366,900.00
 91T148.281.34€363,400.00
Apartment K + Apartment R101T128.620€386,900.00
Apartment L + Apartment S112T131.490€386,900.00
 122T149.405.10€366,900.00
 132T150.035.28€366,900.00
 142T149.855.10€366,900.00
 152T149.726.29€376,900.00
 162T148.281.34€366,900.00
Apartment K + Apartment R102T128.620€386,900.00
Apartment L + Apartment S113T131.490€386,900.00
 173T149.405.10€371,900.00
 183T150.035.28€371,900.00
 193T149.855.10€371,900.00
 203T150.576.29€381,900.00
 213T154.1823.21€381,900.00

Listing agent

Maria Firmino

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