Commercial For Sale: Portugal Portalegre Castelo de Vide Listing #C0468-00215
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€280,000 EUR

Castelo de Vide, Portalegre 7320-011
Portugal
10,764.3 sqft :: 1,000 m2
45 baths
Commercial for Sale, Manufactured Home
Sale price per sqm: 300.94
CENTURY 21 Kapital

Phone: +351 211 642 063

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Remarks:

Rossio Palace is a historic palace being converted into a deluxe hotel. The investment in the property is eligible for the discounted Golden Visa in Portugal, one of the safest and most dynamic countries in Europe.The Portugal Golden Visa is the most popular residency investment in Europe. Contrary to other programs, it can lead to EU citizenship within 5 years, without the need to live in the country. The program is highly sought after, as investors with a qualifying investment only need to stay 7 days a year in the country (instead of 183 days).Rossio Palace is in an urban property with 3,000 m2 of construction, featuring an impotent fairytale palace, several elegant dependency buildings, and beautiful baroque gardens.The palace is located at the main square of a medieval village, dating from the templars (Póvoa e Meadas). Surrounded by a vast Natural Park (São Mamede), this lively and picturesque region is considered to have the most biodiversity in Portugal. This beautiful environment is only 2h from Lisbon and close to Spain.Rossio Palace is a trophy asset in a prime location. Because the palace is in a low density urban regeneration area, the project is eligible for the reduced Golden Visa investment of €280k (instead of €500k). Investors own a fractional share of the entire project and property. Investors will earn an expected 4-6% yearly return from the hotel operation. After five years, as the hotel will be sold, investors will receive the return of the initial investment plus half of the added value (capital appreciation) of the sale.The project will convert the historic palace and property into a Deluxe Hotel with 45 exclusive apartments. This intervention is approved and has a detailed execution project (including all specialties) and construction license. The refurbishment is scheduled to start in the first half of 2023, with the hotel Grand Opening scheduled for late 2025. The interior design is Nordic, with high quality finishings (stucco in ceilings, windows in wood, natural stones, etc.). Guests will enjoy restaurant, outdoor terrace, bar, reception, lounge, observation tower.

Features:

  • Year Built: 1967

Location:

Castelo de Vide, Portalegre 7320-011, Portugal
Listed By CENTURY 21 Kapital

The Commercial for Sale, Manufactured Home located in Castelo de Vide, Portalegre 7320-011, Portugal is currently for sale. This property is listed for €280,000 EUR. This property has 45 bathrooms and 1,000 m2. If this property isn't what you're looking for, search Portalegre Real Estate  to see other  Commercial For Sale in Castelo de Vide.

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