Superb Development project in Porto Portugal.
Superb Development project in Porto Portugal Euroresales Property ID –9824267 Property information: This is a fantastic project by the city-hall. The project was also elaborated and approved in lots so the owner can sell lots, or decide whatever. It’s located in the most touristic area, nearby most active Porto night life and about 100 meters from hard-rock cafe. It is perfect for a business/investment with a very high Rentability potential. The property would be ideal for short-term rentals for example. There is actually a 5 years exemption of income tax for tourist operations. It also benefits from a strong euro/m2 market price and a lack of student housing studios in the area. A superb opportunity for those interested in developing a business and owning a property in historical/ UNESCO area of Porto, Portugal. GENERAL: Historical UNESCO classified area Classified 17th c. building with façade azulejos 100m Torre Clerigos, 100m Galeria de Paris & Lello library Exceptional accessibility & all year touristic sites proximity Transport to airport & main Public Parking 100/150 meters Additional information: Fully licensed main architecture project No 6% transfer tax for the buyer Registered company and bank account, no debt, no mortgage Vat privileged area, i.e. ~6% on construction (construction not included in the sale) Property ready to be built, deconstruction done, avoiding time loss and costs Directly from the owner Buyer will be put in contact with construction companies if needed. Golden visa possibility About the area: Porto is a coastal city in northwest Portugal known for its stately bridges and port wine production. In the medieval Ribeira (riverside) district, narrow cobbled streets wind past merchants’ houses and cafes. São Francisco Church is known for its lavish baroque interior with ornate gilded carvings. The palatial 19th-century Palácio de Bolsa, formerly a stock market, was built to impress potential European investors. Porto features a warm-summer Mediterranean climate in the Köppen climate classification. As a result, its climate shares many characteristics with the coastal south: warm, dry summers and mild, rainy winters. Cool and rainy days can, occasionally, interrupt the dry season. These occasional summer rainy periods may last a few days and are characterised by showers and cool temperatures.