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Service apartments and commercial premises in a project near the ocean

Portugal

Investment Costs

Property price€365,000 — €565,000
Price per m²€2,703.35 — €9,125

Distances & Location

Sea 500 m
Infrastructure 200 m
Airport 10 km

Location

Yield & Management

Rental yield7-10%

About This Property

This property qualifies for the Portugal Golden Visa programme. EU residency via real estate investment in Portugal.

available for purchase is an apartment in a renovation project consisting of 2 buildings from the end of the 19th century, located in the famous Quadra Maritima area in Matosinhos, Porto. the development is only 10 minutes by metro from Francisco Sa Carneiro Airport and 31 minutes from Trindade metro station in the heart of Porto. The area is within walking distance of Matosinhos Beach, a renowned surf spot and an enclave catering to wealthy and young Porto residents alike. The Municipality of Matosinhos is undertaking a major urban redevelopment of the area, with new esplanades being built, sidewalks being widened, facades and sidewalks being upgraded to support new commercial spaces and restaurants. A total of 17 serviced 1 bedroom apartments and two commercial properties are available, each fully meeting the Golden Visa investment criteria. The residence is eligible for the €350,000 option. In stock: Building 1 Commercial premises, 0 / -1 floor, 180 sqm + 45 sqm terrace, €520,000
Apartment, 1st floor, 51 sqm, €365,000
Apartment, 1st floor, 52 sqm, €367,000 Building 2 Commercial premises, 0 / 1 floor, 209 sqm + 130 sqm terrace, €565,000
Penthouse, 3rd floor, 65 sqm (including terrace, jacuzzi), €390,000

Real estate

Object typeApartments,Retail
Object categoryRenovation
Object stageConstruction
PermitsYes
Completion dateSummer 2023

Characteristics

Total area40 m²
Number of storeys4
ParkingNo
RenovationStandard
FurnitureFurnished
ViewCity

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