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Sold: Golden Visa Commercial real estate in Porto (leased for 10 years)

Porto, Portugal

0

 Floor(s)

Sold: Golden Visa Commercial real estate in Porto (leased for 10 years)

Porto, Portugal

0

 Floor(s)

Reference number   -
PC5643
Price
€ 
365,000
Area
177
 m2
Bedroom(s)
1

The property is very well located half a block from Rua de Santa Catarina and very close to the new Bolyan market. The Holiday Inn recently opened a new hotel across the road.

ABOUT THIS PROPERTY:

The property is very well located half a block from Rua de Santa Catarina and very close to the new Bolyan market. The Holiday Inn recently opened a new hotel across the road.

Area: 177 sqm (ground floor and basement)

Price: 365,000 € (plus renovation works of 25,000 €) – minor work is needed and renovation is the Golden Visa’s program requirement.

We have signed a new lease agreement for a period of 10 years. The rent will be:

– In the first year – 1,100 EUR per month. (3.6% ROI)

– In the second year – 1,200 EUR per month + update of the rent by applying the legal coefficient. (3.9% ROI)

– In the third year – 1,500 EUR per month + + update of the rent by applying the legal coefficient. (4.9% ROI)

– In years 4-10 – 1,700 EUR per month + update of the rent by applying the legal coefficient at the beginning of each year. (5.6% ROI)

The store was rented by a computer company that has been working in this building for several years, rent is always paid on time.

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Location of the property

Porto is a coastal city in northwest Portugal known for its stately bridges and port wine production. Porto is Portugal's second-largest metropolis after Lisbon. The city has long been a top destination for wine lovers, but certainly has more to offer. Travellers can visit the city's wealth of museums, admire its varied architecture, relax in its verdant parks and, of course, hit the beach.

Porto, Portugal
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