Alto Alentejo, Elvas, Portugal
- PROPERTY TYPE
Detached
- BEDROOMS
13
- BATHROOMS
12
- SIZE
3,972 sq ft
369 sq m
Description
Property Overview:
Located in the picturesque UNESCO heritage site of Elvas, close to Portalegre in the scenic Alentejo region of Portugal, this property presents a unique investment opportunity. With a fixed price of Eur 299,000, the property boasts a total gross floor space of 369 square meters spread across three floors. It features 12 rooms, each equipped with its own bathroom, making it suitable for various hospitality ventures such as a hotel, B&B, student room rental, or boutique hotel. Additionally, the property includes a 1000-liter solar system for sustainable energy use and an interior courtyard for guests to relax and unwind.
Recent Renovations & Amenities:
Recently renovated to a high standard, the property offers modern amenities and comfort. Upgrades include new plumbing and a certified electrical installation, ensuring safety and efficiency. The current owner has successfully rented out the 12 rooms to students from the nearby agricultural university for at least 10 months a year, generating a steady income stream.
ROI Calculation:
Let's consider the potential return on investment (ROI) for a prospective buyer. With each room rented out at Eur 300 per month to students, the annual rental income from the property is calculated as follows:
Annual Income = 12 rooms * Eur 300/room/month * 10 months = Eur 36,000
Given the fixed price of Eur 299,000 for the property, the ROI can be calculated using the formula:
ROI = (Eur 36,000 / Eur 299,000) * 100 ˜ 12.04%
This impressive ROI showcases the lucrative potential of investing in this property in Elvas. Furthermore, as the property is exempt from IMT tax, investors can maximize their returns and enjoy favorable financial benefits.
Investment Potential:
Whether you're seeking a profitable venture in the hospitality industry or a secure long-term investment, this property offers versatility and stability. Its prime location in a UNESCO heritage site, coupled with its recent renovations and reliable rental income, makes it an attractive opportunity for savvy investors.
Act Now:
Don't miss out on this exceptional investment opportunity in historic Elvas. Contact us today to schedule a viewing and explore the potential of this versatile property.
#ref: 121004
Alto Alentejo, Elvas, Portugal
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About the agent
IAD, Porto
Av. da Boavista 934, Porto Portugal 4100-112
Founded in 2008, iad was born as the 1st digital real estate network made up exclusively of independent consultants. iad's DNA is based on 4 inseparable pillars: entrepreneurship, property, community and international.
In addition to head office support, the 4 pillars are backed up by digital technology and training, which make a major contribution to the success and appeal of the iad model.
With its headquarters in Paris, iad is the largest network of independent real estate cons
Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 121004) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.