SOLD. Introducing a selection of 12 stylish apartments situated in one of Porto’s most prestigious areas, adjacent to the city’s well renowned Law University. The building comprises of a selection of studios, 1 and 2 bedroom apartments as well as two impressive penthouse suites, all elegantly designed to complement the buildings traditional Portuguese architecture. The project also comes with its own private botanical garden and landscaped courtyard, a rarity in the city.
The apartments are predicted to generate a 4% rental return p.a and the developers are offering to guarantee this for the first year.
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 these properties at just €350,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.
Hurry these are selling fast! For more details, please contact our specialist consultants.