Service apartments and commercial premises in a project near the ocean

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Portugal, Porto
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40 m² — 209 m²
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1 Bedrooms
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1 Baths
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ID PRT61588

from €365,000

40 m² • from €2,703.35 m²
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

€365,000 — €565,000

Price for m²

€2,703.35 — €9,125

Purchase taxes

IMT - 8%; IMI - 0,3-0,8%

State fees

0,8%

Distances

Ocean 500 m
Infrastructure 200 m
Airport 10 km

Yield and management

Yield

7-10%

Property management

Yes

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

Description

For sale is an apartment in a renovation project consisting of 2 buildings from the end of the 19th century, located in the famous Quadra Maritima area in Matosinhos, Porto. The project is only 10 minutes by metro from Francisco Sa Carneiro Airport and 31 minutes from Trindade metro station in the heart of Porto. The area is within walking distance of Matosinhos Beach, a renowned surf spot and an enclave catering to wealthy and young Porto residents alike. The Municipality of Matosinhos is undertaking a major urban redevelopment of the area, with new esplanades being built, sidewalks being widened, facades and sidewalks being upgraded to support new commercial spaces and restaurants.
A total of 17 serviced 1 bedroom apartments and two commercial properties are available, each fully meeting the Golden Visa investment criteria.
The property is eligible for the €350,000 option.
In stock:
Building 1
Commercial premises, 0 / -1 floor, 180 sqm + 45 sqm terrace, €520,000 Apartment, 1st floor, 51 sqm, €365,000 Apartment, 1st floor, 52 sqm, €367,000
Building 2
Commercial premises, 0 / 1 floor, 209 sqm + 130 sqm terrace, €565,000 Penthouse, 3rd floor, 65 sqm (including terrace, jacuzzi), €390,000

Real estate

Object category

Renovation

Object stage

Construction

Permits

Yes

Object completion date

Summer 2023

Design features

Ownership

Characteristics

Total area

40 m² — 209 m²

Number of storeys

4

Bedrooms

1

Baths

1

Parking

No

Renovation

Standard

Furniture

Furnished

View

City

Equipment

Split system conditioning

Properties

Elevator
Balcony
Garden on the plot
Terrace
Internet
TV

Location