Share in a 5-star boutique hotel in a prestigious area of Lisbon
Portugal, Lisbon
ID PRT205542
Object sold
Share in a 5-star boutique hotel in a prestigious area of Lisbon
€350,000
Portugal, Lisbon
ID PRT205542
Cost
| Property cost | €350,000 |
| Purchase taxes | IMT 8%; IMI 0,3-0,8% |
| State fees | 0,8% |
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Distances
Ocean 18km
Airport 8km
Infrastructure 500m
Yield and management
| Yield | 3.2% |
| Property management | Yes |
Description
The project is presented by a 5-star luxury boutique hotel located in Piazza Alegria next to Avenida da Liberdade.
Avenida da Liberdade is the most famous and prestigious street and the main central business district of Lisbon.
The existing building, built in 1796, will be completely refurbished into a luxurious high class hotel with all the details and finished ceilings. It will have 35 suites equipped with all high class amenities. The restaurant will strive to become one of the finest restaurants in Lisbon with exquisite service. The SPA center will allow the guest to relax and enjoy the refined atmosphere.
The goal of the project is to create a reference hotel in Lisbon, in a prime location focused on the luxury market.
Investment program:
- Investment amount: 350 000€
- Number of rooms: 35
- Number of investors: 157
- An advance payment of 3,5% of the initial investment per year for the first 5 years
- From the 6th year payment €8500 per year
- after 7 years the project will be sold, the 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 2 weeks a year during the entire duration of the program with breakfast included
- Letter to Investors: Q4 2022
- Expected commissioning: Q1 2025
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Real estate
| Object type | Hotel, Share |
| Object category | Renovation |
| Object stage | Construction |
| Permits | On hand |
| Object completion date | 1Q 2025 |
| Design features | Share |
| Possibility of stay | 14 days per year |
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Characteristics
| Number of storeys | 6 |
| Parking type | |
| Number of parking spaces | |
| View | city |
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Equipment
Properties
Elevator
Balcony
Public pool
Concierge desk
SPA
Garden on the plot
Security
Internet
TV
Restaurant
Location
Object sold
€350,000
This property has been sold but we can help you find another one.
Zlata Erlach investmentprograms expert
Portugal Golden Visa
Real estate is eligible for participation in the program and obtaining a residence permit in Portugal.
Immigrant Invest is the official representative of the program.
€250,000+ Investment amount
2-6 months Obtaining period
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