Studio for sale in R. De Passos Manuel 44, 4000-381 Porto, Portugal

£1,739,035 (€2,050,000)
Studio for sale
Interested in this property? Call +44 20 8033 5785 * or Request Details

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Property description

About the building:

A rehabilitation project, from one of the most recognized promoters in Porto, resulted in an original building with only 8 units, located in a quiet alley with access to one of the main streets in the city center of Porto.

The apartments present high-quality finishes (hinged doors in lacquered mdf; multilayer floating floor with the wooden finish; in the kitchen furniture in the light lacquered finish with melamine coated interior; white quartz top; led tape; ceramic mosaic floor; built-in appliances; air conditioning; water heating by heat pump; sliding windows with aluminum thermal break frame), good natural light, and with the extraordinary central location, make this project a safe and desirable investment.

This is a project designed for people how love to enjoy life, being in the center of everything, and being connected to everyone.

“An exciting and promising investment in a vibrant city”

Units:

Unit A | Floor 0 | 1 bedroom | Internal Area: 539,81 ft2 (50,15 m2) | Patio: 179,21 ft2 (16,65 m2) | Balcony: 69,42 ft2 (6,45 m2)

Unit B | Floor 0 | 1 bedroom | Internal Area: 484,37 ft2 (45 m2) | Patio: 276,63 ft2 (25,70 m2)

Unit C | Floor 0 | studio | Internal Area: 465 ft2 (43,20 m2) | Patio: 93,64 ft2 (8,70 m2)

Unit E | Floor 1 | 1 bedroom | Internal Area: 479 ft2 (44,50 m2)

Unit F | Floor 1 | studio | Internal Area: 470,70 ft2 (43,73 m2)

Unit D | Floor 1 | 2 bedroom| Internal Area: 710,41 ft2 (66 m2) | Balcony: 73,19 (6,80 m2)

Unit G | Floor 2 | 2 bedroom | Internal Area: 710,41 ft2 (66 m2) | Balcony: 73,19 ft2 (6,80 m2)

Unit H | Floor 2 | 2 bedroom | Internal Area: 642,60 ft2 (59,70 m2) | Terrace: 346,60 ft2 (32,20 m2)

Investment:

We can provide a turnkey investment solution to investors, that includes full management of the units and provide an estimated yield of 6%.

The property is the ideal investment for individuals who desire exposure to Europe’s most compelling real estate market but who do not have the time or interest to handle the refurbishment process, maintenance issues, and deal with the property management, and Nest Seekers Portugal, through its partners can provide all those services.

Capital appreciation should also be taking into account as Porto is becoming one of the most sought-after cities in the country.

Golden Visa program:

The property is eligible for 4 Golden Visas, which grants buyers and their family members the right to live, work and study in Portugal and permits free movement in Europe’s Schengen Area. Opportunities to become a permanent resident or citizen are possible after five years. We have partners that can support through the Golden Visa process.

Location:

This fantastic new project is located few meters from the main touristic attractions, cultural and leisure places of interest and it have many means of transport nearby, making it easy to connect to the rest of the city.

Just a few meters away you will find the famous Santa Catarina Street; the famous Majestic Café; the Porto Coliseum; Avenida dos Aliados; the Ribeirinha area; the Clérigos Tower, these are just some examples of what you can find at a short walk.

The people of Porto are renowned for their hospitality and unique and warm way of welcoming those who visit.

If the city was a house - and it is, for those who want it - this would be the living room lounge, with its unmistakable style of neoclassical architecture to the French Beaux Arts Porto cafés.

Belle Epoque, Art Deco, Modernism or contemporary style, Porto's cafés are a way of life for those who live in this city intensely. The atmosphere in each one has to be experienced to be understood.

The Majestic Café is perhaps the greatest exponent of this culture of socializing.

Mercado Ferreira Borges: A late 19th-century building, with its typical architectural features, it now hosts the most cosmopolitan events, from concerts to exhibitions, as well as restaurant and leisure facilities.

Lello Bookstore: Recognized internationally as one of the most beautiful bookshops in the world, Lello is visited every day by thousands of people from around the world, spreading its cultural heritage in constant and perfect synchrony with its time.

Looking for the perfect sunset?

Palácio de Cristal Gardens are an icon that represents all the magic of the natural spaces that the city has to offer, with its surprising corners to discover. Alone, with family or friends.

Distances:

São Bento Railway Station: 350m

São Bento Metro Station: 350m

Aliados Metro Station: 300m

Francisco Sá Carneiro International Airport: 20 min by car

About the Union of Parishes of Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória:

Is the parish where it is located, not only the heart of the city but also as the historical part of it, full of monuments, churches and works of enormous relevance for the heritage of Porto. It is also the main tourist spot in the city, for example: (Clérigos Tower; Porto Cathedral; The Lello Bookstore, and many more...)

About Porto:

Capital and gateway to the north of Portugal, Porto is both the city that provided a nation with a name and a fortified wine known worldwide: Port.

Northern Portugal, widely regarded as the driver of the Portuguese economy. Entrepreneurship and technology allow Porto to be considered as one of Europe’s main start-up hubs, with a growing number of techno-logical companies choosing Porto for their headquarters, not only because of easy access to skilled labor, but also for the city’s good access routes and available facilities.

With its splendid geographical location on the mouth of the river Douro and architectural heritage of exceptional quality, the historic center of Porto has declared unesco World Heritage in 1996. Porto is the capital of the North and the second-largest city in the country; its hard-working inhabitants are noted for their commercial enterprise, always standing firm against outside impositions and foreign invaders, which explains why Porto has become known as the «unvanquished» city.

In addition to its history, any visitor to Porto will be quickly impressed by the forceful character both of the city and its inhabitants.

If you want to get to know the city better, we recommend a gentle stroll through its streets, taking time to admire the typical granite houses and monuments, enjoying a tram ride along the banks of the river, or even going for a boat ride under the city ́s six bridges, from where you can enjoy an entirely different view of the city. These itineraries seek to demonstrate the impressive contrasts this city has to offer. The "Baixa (Downtown)" of Porto, with all the rhythms of city life, its movement, and intense retailing. There is a very peculiar expression that bestows a Nordic, mercantile tone onto a city that is both spiritually and intensely baroque. In sharp contrast, in the Serralves Park, there is the sheer modernity of the building housing the Museum of Contemporary Art, and the romantic, soothing surroundings of the surrounding leafy park.

Property info

  • Unfurnished
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Nest Seekers International, and do not constitute property particulars. Please contact Nest Seekers International for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.