Student residence under the Golden Visa program

280 000 €

Portugal, To Kashtelu-Brank, Idanya-a-Nova

Lot: PTA-13192S

Description

A student residence is ready for sale, which is located on the territory of a former industrial factory in Covilha. The building was built in the 1920s and was used for textile production. The original building is one-story with a minimum of a second floor. The height of the buildings allows you to place an internal second floor over the entire area. The third floor will be built for additional rental units. The existing roofline will be repeated in the final construction. The end result will organically fit into the district building. The site has access from two streets, the bistro and emergency exits from the residential buildings and the sports club will be on Cidade de Cáceres street, while the main entrances and emergency exits from the residential buildings and the sports club will be on Afonso Domingos street. On the lower floor (0 floor) there is a residence, the main entrance and parking of the sports club, on the 1st floor there is a gym (sports club), the 2nd floor is equipped with a lobby and libraries, the 3rd floor is student apartments. Project objects can be easily converted into residential premises under long-term lease. The price of the investment is €280,000 per unit (30sq.m apartment), the investor keeps 60% of all profits received during the investment period (calculated monthly). It also guarantees redemption at the original purchase price at the end of the Golden Visa program. For all additional questions AWAY REALTY is at your service.