Apartments in a holiday complex with guaranteed income

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Portugal, Evora
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86 m² — 98 m²
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1 Bedrooms
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1 Baths
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ID PRT58268

from €395,000

86 m² • from €4,030.61 m²
Property sold
This property is sold, but we will help you find another one
Elena Kozyrevaexpert of the Portugal residence permit program for investment
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Portugal D7 Visa

4+ months€820+

Portugal does not grant residence permits for investments in real estate under the Golden Visa program.

However, property purchase or rental is obligatory when obtaining a residence permit under a D7 visa.

Learn more

Cost

Property cost

€395,000

Price for m²

€4,030.61 — €4,593.02

Purchase taxes

IMT 0%; IMI 0%

State fees

0,8%

Distances

Ocean 134 km
Infrastructure 100 m
Airport 66 km

Yield and management

Yield

4.5%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

A luxury resort in an iconic building that was once a monastery and later turned into the most famous olive oil factory in the area, Sofal. The investment project includes the restoration of the monastery, built in 1590. It will be transformed into a luxury resort with 70 suites, spa, outdoor and indoor pools, two stylish restaurants, gardens and villas.
The project aims to restore the attractiveness of the monastery, providing a pleasant and comfortable stay at any time of the year. The resort will be managed by an international hotel brand. The historical uniqueness of the building will be preserved by combining modern luxury details and the charm of classic pieces of furniture.
Investment program:
  • Investment meets the requirements of the Portuguese Golden Visa Program
  • The total investment of 10,340 million euros will be divided into 32 investment slots
  • 9 apartments at a price of 395,000 €
  • With a 3-year guaranteed income of 4.5%, paid in a lump sum (upon signing the lease agreement). Estimated profit for the 4th year 3.89% per annum.
  • 7 days free stay every year
  • Exemption from IMT and IMI (property taxes)

Real estate

Object type

Apartments

Object category

Renovation

Object stage

Construction

Permits

Yes

Object completion date

end 2024

Design features

Ownership

Characteristics

Total area

86 m² — 98 m²

Number of storeys

3

Bedrooms

1

Baths

1

Parking

Yes

View

City, Pool, Garden

Properties

Elevator
Balcony
Public pool
Concierge desk
SPA
Gym
Garden on the plot
Security
Internet
TV
Restaurant

Location