In the 'Fervenca Palace' you can find this magnificent T1, composed of 2 apartments (T0 + T0), allowing a differentiated use, according to the interest of its future owner, and considering the following options:
I) Have 2 sources of income;
II) Have one apartment for personal use and the other for income;
III) Convert them into a single apartment, thus increasing the housing area.
The 'Fervenca Palace' is a condominium located in Vila Nova de Gaia, 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.
In addition to benefiting from spectacular views, it is within walking distance of the main attractions of Porto, the Historic Center, the traditional Port Wine Cellars, the Dom Luis Bridge, the Cathedral, among others.
The timeless elegance of the Palace of Fervenca is evident in the rehabilitation project of this 18th-century building, which preserves many of its unique architectural features.
The renewal began in May 2021 and is expected to be completed in the first quarter of 2023.
The rehabilitation of the property provides for a completely new structure, which will have a construction warranty of 10 years and 5 years for the rest of the building.
The 'Fervenca Palace' development consists of two independent buildings (separated by the private garden) and outdoor private areas.
1) The renovated Palace has 15 apartments, most include mezzanines, thus valuing the original double right foot.
2) A new structure with 2 apartments.
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.
We're waiting for you.
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Energy Rating: B-
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