Share in a 4-star boutique hotel in the historic center of Évora

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Portugal, Evora
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ID PT200050

from €280,000

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

from €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

Characteristics

Number of storeys

4

Parking

No

View

City

Properties

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

Location