Fervenca Palace is a new development to be born on the slope of the Serra do Pilar.
The development is located on the banks of the Douro River, with the facade facing south allowing to have a great sun exposure and superb views over the river and the city.
With a timeless elegance, the Fervenca Palace is the result of a rehabilitation project of a building of the century. XVIII that preserves many of its architectural features. The project consists of two independent buildings, the renovated palace and a new structure separated by the private garden.
The Fervenca Palace development consists of 17 apartments T0 to T2, with areas ranging from 41 m2 to 156 m2, all with air conditioning, equipped kitchen, most of the fractions overlooking the Douro River and the city of Porto.
The area is served by various services and commercial shops of first use in the vicinity.
The timeless elegance of the Fervenca Palace comes from the rehabilitation project of a building of the century. XVIII, preserving many of its unique architectural features. The Fervenca Palace is located on the bank of the Douro River, with its south-facing facade, which allows excellent sun exposure and superb views of the river and the city. The project encompasses two autonomous buildings, the renovated Palace and a new structure, separated by a magnificent private internal garden. Inside the renovated Palace, most units include mezzanines, highlighting the original double ceiling height.
The project consists of 2 autonomous buildings, the renovated Palace and a new structure, separated by a magnificent internal private garden. Inside the renovated palace, most units include mezzanines highlighting the original double-height ceilings.
The apartments range between 41.18 and 148.35 m2, with studios, one-bedroom and two-bedroom units.
The Fervenca Palace was initially built in the century. XVIII.
The entire project will be rehabilitated to create 17 residential units, construction is expected to finish by the end of 2023.
We will provide a guaranteed income option through an integrated management that I will describe below:
Furniture;
Condominium;
Electricity;
Water;
Insurance;
Licenses;
Maintenance.
All expenses mentioned above will always be the responsibility of the management company, and the latter will still have to provide a guaranteed return of 3% per year through a 5-year lease.
In addition to the unique views, the Fervenca Palace is within walking distance of the main points of interest of Porto such as its historic downtown, the traditional Port Wine cellars, the D. Luis bridge, the Cathedral, among others. The Fervenca Palace is being modernized into a top structure with 17 residential units. The apartments vary between 41.18 and 156.04 m2, with studios, and T1 and T2 apartments. All apartments include air conditioning, double glazed windows, a fully equipped kitchen and can be fully furnished. Most of the residential units have fantastic views over the Douro River and the city of Porto. Impacto Capital has acquired the entire building and will offer its clients the possibility of management services.
The apartments have the possibility of having associated a fixed return and can be sold fully decorated and furnished.
All images are used for illustrative purposes only and are intended to show the concept and vision for this endeavor.
The timeless elegance of the Fervenca Palace comes from a rehabilitation project of an eighteenth-century building that preserves many of its unique architectural features.
The historic city of Porto is one of the oldest in Europe. This lively and vibrant city has appeared in Europe as a preferred tourist destination due to its rich history, ingrained culture and unique nightlife. In 1996, the downtown area was elevated to a UNESCO World Heritage Site. This region is also famous worldwide for its wines that are produced and stored along the banks of the Douro River.
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