Building for sale in Porto, Portugal

"POOL GARDEN" building full of charm with swimming pool located in the heart of Rua da Formosa, in the heart of the city of Porto, a few meters from the famous Rua Santa Catarina, the iconic Bolhão market, Praça dos Aliados/Câmara Municipal, São Bento Station and the well-known "Café MAJESTIC". The Douro River and the Sé Cathedral are also in the Golden Triangle of the building's location defined as PREMIUM! The requalification of this building had extreme care, both in the materials and in the work itself, in order to preserve as much as possible all the existing original trace marking the pure beauty and unusualness of the building. Building in Total Ownership of 4 floors with a gross construction area of 395.41m² and a patio with 209.69 m2, distributed by 8 apartments and a commercial store Main characteristics of the property: Air conditioning; Fire detection system; CCTV circuit; Electronic access control to all fractions; Solid wood flooring; Fireproof and thermal acoustic coating between slabs; Wooden frames with thermal cut and double glazing; Server room with AC; Worked ceilings; Lacquered wooden shutters; 60 min fire doors in the fractions; Swimming pool; Includes equipment, furniture, decorations, etc.. . Currently, the building is fully leased to a company with a renowned history in the tourism area that is exploring the property as Local Accommodation, providing a guaranteed profitability and a safe investment in the immediate future. The monthly rent is €7,500, €90,000 per year, yielding around 4%. It will also be perfectly feasible the hypothesis of the constitution of a Horizontal Property (PH) to be able to make this acquisition profitable through conventional leasing. Also because this process has already been filed with the City Council in 2019 and was on standby (owner's option) due to restrictions on containment zones in the matter of issuing AL licenses (in the meantime they were lifted during the pandemic and returned to being current in the central parishes including that of Bonfim). As we are facing a building whose remodeling was oriented and licensed for tourism, these new limitations do not contradict in any way the activity in progress and its sale. Schedule your visit now and come and see this excellent business opportunity.