Apartments historic area Porto

Description

Welcome to your new investment opportunity in the heart of Cedofeita! This urban building is a rare find, with an approved municipal license for rehabilitation and reconstruction. With a project already in place, this property is ready to be transformed into a luxurious residence or even a profitable hotel or tourist apartment complex.
The project includes the construction of nine T0 apartments with a total built area of 483sqm, as well as a beautiful communal garden area of 182.70sqm. The building also has the potential to obtain a license for Local Accommodation, making it an even more attractive investment opportunity.
Located in an Area of Urban Rehabilitation, this property offers a range of fiscal benefits, including a reduced VAT rate of 6% and a reduced IRS rate of 5% after completion of the project.
But the benefits don't stop there! Cedofeita is a vibrant and exciting neighborhood, filled with trendy cafes, restaurants, and boutique shops. Take a stroll down the charming streets and immerse yourself in the local culture. And with easy access to public transportation, you can easily explore all that Porto has to offer.
Don't miss out on this incredible investment opportunity. Schedule your visit today and discover all the details of this exciting project. This property is eligible for the Golden Visa program, making it the perfect investment for those seeking residency in Portugal. Don't wait, seize the opportunity to own a piece of the thriving Cedofeita neighborhood today!