Property for sale
Porto, Porto, Portugal
£1,280,353 *
[€1,450,000]
Full Description
Strategic Location | Rented Hostel | Immediate Profitability
We present an excellent investment opportunity in Porto: a charming building fully recovered, maintaining its original design, currently rented in its entirety, for the operation of a hostel, with a long-term contract and guaranteed profitability.
Property Features:
- Building with 5 floors: basement, ground floor, 1st, 2nd floor and attic
- Allocation: Services/Commerce
- Fully recovered, with preserved architectural elements
- 10-year lease agreement
- Monthly income: €6,000
- Attractive yield of 4.97%
Prime Location:
- In the heart of the eastern part of Porto
- Just a 5-minute drive from the Historic Center, Porto Cathedral, Lello Bookstore and Ribeira Square
- Excellent accessibility to public transport:
. 6-minute walk to Heroísmo Metro Station
. 7 minutes from Campo 24 de Agosto Metro Station
- Next to the Parish Church of Bonfim and the Ramalho Ortigão Elementary School
- 6-minute drive to Bolhão Market
- Dynamic urban surroundings with commerce, schools, tourism and services
Investment Outlook
This property offers a safe and attractive solution for investors looking for:
- Stable and immediate profitability
- Premium location with continuous appreciation
- Simplified management, with contract in place
- Property with future potential for conversion to other uses
A property with soul, income and a privileged location in one of the most sought-after cities in Europe.
Make your proposal and secure this investment with a guaranteed return.
Energy Rating: B
#ref: 1882
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