SOLD. Located in one of Porto’s popular coastal neighbourhoods is this exciting new development offering a selection of 1-5 bedroom homes.
Formerly a sardine canning factory, this exciting renovation project is being transformed into 30 luxury residential apartments, combining some of the buildings original industrial design features with fresh modern interiors and traditional Portuguese elements. Each property will come with a private garden or terrace and have access to the development’s communal facilities which include light-filled gardens, pool, gym and a co-working space. Some of the larger properties will also benefit from a private pool and split level duplex living spaces. There are 52 parking spaces available and stylish furniture packages can be provided for an additional cost.
The development is set in the famous fishing town of Matosinhos Sul, just two streets back from the beach and 20 minutes outside of Porto’s city centre. This charming town is one of the most sought after residential areas in Greater Porto and is abundant with local amenities, organic food suppliers, cafes and restaurants including vegan and vegetarian bistros. There is a strong focus on green living in the community. The area offers endless recreational and leisure opportunities and is also a popular surfing hub.
Prices start from €295,000 – €974,000. For the full details and availability, please contact our experts.
Golden visa legislation in Portugal allows a 30% reduction in the qualifying limit through investment in buildings which are over 30 years old and in need of renovation work. This project falls into this category so investors can apply for a Portuguese residency visa by purchasing a unit in this project at just €350,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.