Share in a 4-star boutique hotel in the historic center of Évora
Portugal, Evora
Portugal, Evora
ID PT200050
€280,000+
This property is sold, but we will help you find another one
Elena KozyrevaExpert on real estate and residency after d visas by investment in Portugal
Portugal D7 Visa
6+ monthsNot limitedPortugal 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 moreCost
Property cost
€280,000+
Purchase taxes
IMT 7%; IMI 0,3-0,8%
State fees
0,8%
Distances
Ocean 100 km
Infrastructure 500 m
Airport 119 km
Yield and management
Yield
3.5%
Property management
Yes
We will help you sell the object if you decide to exit the investment
Description
The project is presented by a 4-star boutique hotel in the historical center of Evora, which is one of the five most visited cities in Portugal. The hotel is located within the city walls, very close to the Roman Temple of Diana, Piazza Giraldo or the Chapel of the Bones. It was built as a full-fledged monastery in 1531, but was never completed. The project is fully approved for a 4-star superior boutique hotel that combines heritage and modernity. The existing building will be completely renovated and modernized. All important historical characteristics will be preserved, creating perfect symbioses with the new wing to be built. It will have 51 rooms with modern decor, creating a clear and sophisticated contrast with the heritage of the monastery.
The project will also have a beautiful garden with swimming pool and spa.Investment program:
- Investment amount: 280 000€
- Number of rooms: 51
- Number of investors: 98
- An advance payment of 3.5% of the initial investment per year for the first 5 years, which corresponds to 49,000€
- the IMT tax can be refunded after 5 years
- after 7 years the project will be sold profit is shared with the investor 50 to 50% - 50 to the investor, 50 to the developer
- The client can book a room for up to 4 weeks per year during the entire duration of the program, divided into 1 week in the high season, 1 week in the middle season and 2 weeks in the low season.
- Message to investors: 2022
- Expected start of operation: 2025
Real estate
Object type
Hotel, Share
Object category
Renovation
Object stage
Design
Permits
Yes
Object completion date
2025
Design features
Share
Possibility of stay
4 weeks per year
Characteristics
Number of storeys
4
Parking
No
View
City
Properties
Elevator
Balcony
Public pool
Concierge desk
SPA
Garden on the plot
Internet
TV
Restaurant