Building in Bonfim, PortoPorto, Porto

Real estate project in the central area of Porto (in Rua do Bonfim).The project promotes 6 duplex 1-bedr. apartments, in a recovery operation of a building with more than 60 years.These apartments will be absolutely new, since the only part of the old building that will remain will be the façade.The project is already in the licensing phase and it is expected that all works will be completed in 18 months.At this stage the developer intends to put the project on the market, with a discount on the...Real estate project in the central area of Porto (in Rua do Bonfim).The project promotes 6 duplex 1-bedr. apartments, in a recovery operation of a building with more than 60 years.These apartments will be absolutely new, since the only part of the old building that will remain will be the façade.The project is already in the licensing phase and it is expected that all works will be completed in 18 months.At this stage the developer intends to put the project on the market, with a discount on the market value of the final product, providing the investor with a higher financial return.In general terms, the future valuation of the 6 apartments will be around 1,050,000.00 euros, and in this early sale, the valuation to be considered may have between 11% and 14% discount, depending on the business conditions.Using downward market considerations, the expected profitability in the rental market in this area in 2022 will be approximately Euro 75,000 per year, corresponding to a minimum gross Yield of approximately 8%.In addition to the single investor sales model, we are also open to the creation of an investment group that may contain up to a maximum of 20 participants.  Schedule your presentation with an ESSIA REAL ESTATE consultant. With consolidated experience in the national real estate market, we develop rigorous marketing strategies tailored to each property and each client profile. We operate with discretion, continuous market analysis, and an approach focused on asset appreciation and security throughout the entire process. Comprehensive support, from start to finish. ESSIA REAL ESTATE. Consolidated essence. Contemporary vision.