SOLD OUT. This outstanding building which dates back to the 16th century was formerly a Palacete ”small palace” and oozes character and history. The project is undergoing full renovation works to rejuvenate and restore many of the buildings original features whilst paring them with fresh luxurious interiors to complement the building’s heritage. The charming building is being transformed into a 22 room boutique hotel complete with its own restaurant and bar, outdoor swimming pool, spa, garden and courtyard.
The building benefits from some impressive features throughout, including classically painted walls and vaulted ceilings, carved stone, iron details and complex brickwork.
Located within the city walls of Évora, a truly historical city, classified as a World Heritage by UNESCO. Évora is one of Portugal’s major cities, situated in the popular Alentejo region which is rich with Portuguese culture offering an array of vineyards, potteries, olive groves, cork forests,
and marble quarries. The city of Évora is very much a gastronomic destination and within a walking distance from this project, a selection of top restaurants, cafes, shops and sights of the city can be found.
This stunning hotel project qualifies under Portugal reduced Golden Visa legislation and investors can purchase a share for €280,000, plus fees. The developers are also offering investors a 3% Rental Guarantee for the first five years.
Investment highlights
- A historic 16th-century building, once a former palace;
- Situated in heart of Evora, a UNESCO world heritage site;
- 22 room luxury boutique hotel;
- Facilities include restaurant, bar, reception, garden, swimming pool and spa;
- Developers are offering a 3% Guaranteed Rental Return for 5 years;
- The project qualifies for reduced Golden Visa- Shares priced at €280,000 + fees.
(Proposed renderings and current pre-renovation photos displayed)
Portugal’s Category 65 A-D Golden Visa legislation allows a reduction in the qualifying limit through investment in buildings which are located in a low density populated area, over 30 years old and in need of renovation work. This project falls into this category so investors can apply for a Portuguese residency visa by purchasing these properties at just €280,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.
