The 'Fervenca Palace' is a condominium located in Vila Nova de Gaia, located on the banks of the Douro River, Rua do Pilar 114, just below the Morro Garden, with the facade facing south, allowing you to have an excellent sun exposure and splendid views over the river and the city.
Composed of two independent buildings (separated by the private garden) and outdoor private use areas.
1st - Rehabilitation of the Palace (construction of the eighteenth century) where many of its unique architectural features will be preserved, with 15 apartments, most of them include mezzanines, thus valuing the original double right foot.
2nd - Construction of a new structure (block of 2 floors - r / ch and 1st floor) with 2 apartments (both T2 Duplex).
It is in the new structure of the 'Fervenca Palace' that is located this magnificent T2 (Duplex), which enjoys great privacy and benefits from excellent private outdoor areas (terrace of 35m2) and balconies.
The work began in May 2021 and is expected to be completed in the first quarter of 2023.
In a total of 17 residential units: T0, T1 and T2, areas ranging from 41 m2 to 148 m2, all with double glazing, air conditioning, equipped kitchen (Bosch appliances) and high quality materials, most fractions overlook the Douro River and the city of Porto.
The development allows the management of the apartments by the entity promoting the project. This management presupposes the possibility of obtaining a fixed profitability, and can also be ensured the management of all expenses, including maintenance, condominium, internet, water, light and insurance, among others.
Possible framing for Golden Visa.
Additional information:
The images and photos used are illustrative and are intended only to convey the concept of this new venture.
The historic city of Porto is one of the oldest and most emblematic cities in Europe and currently one of the main tourist destinations, due to its history, culture and peculiar nightlife. In 1996 the city centre was elected a UNESCO World Heritage Site.
This region is still world famous for its wines, which are produced and stored along the banks of the Douro River.
You certainly have an excellent option here, both from an investment perspective and as a residence solution.
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Energy Rating: B-
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