Building in Porto with virtual tour

"POOL GARDEN" building full of charm with swimming pool located in Rua da Formosa, in the heart of the city of Porto, a few meters from the famous Rua Santa Catarina, the iconic Bolhão market, Praça dos Aliados/City Hall, São Bento and the well-known “Café MAJESTIC”.

The Douro River waterfront and the Sé Cathedral are also in the d’Ouro triangle of the building’s location defined as PREMIUM!

The requalification of this building took great care, both in the materials and in the work itself, in order to preserve as much as possible all the existing original design, marking the pure beauty and unusualness of the building.

Building in Total Property with 4 floors with a gross construction area of ​​395.41 m² and a patio with 209.69 m2, spread over 8 apartments and a commercial store.

Main features of the property:

• Air conditioning;
• Fire detection system;
• CCTV circuit;
• Electronic access control to all fractions;
• Solid wood flooring;
• Fire-retardant and thermal acoustic coating between slabs;
• Wooden frames with thermal cut and double glazing;
• Server room with AC;
• Worked ceilings;
• Lacquered wooden shutters;
• 60 min fire doors in fractions;
• Pool;
• It includes equipment, furniture, decorations, etc…                                                                                             

Currently, the building is leased in its entirety to a company with a renowned history in the tourist area that is exploring the property as Local Accommodation, providing guaranteed profitability and a safe investment immediately. The monthly income is €7500, €90,000 annually giving a YIELD of around 4%. It will also be perfectly feasible to establish a Horizontal Property (PH) to be able to monetize this acquisition through conventional leasing. Also because this process was already submitted to the City Council in 2019 and was on standby (option of the owner) due to restrictions on containment zones in the issue of LA licenses (however, they were raised during the pandemic and were once again news in the central parishes, including Bonfim). As we are facing a building whose remodeling was oriented and licensed for tourism, these new limitations will in no way contradict the ongoing activity and its sale.

Schedule your visit now and come and see this excellent business opportunity.