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, near Portalegre in the scenic Alentejo region of Portugal, this property presents a unique investment opportunity. With a fixed price of €270,000, 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 ideal for various hospitality ventures such as a boutique hotel, B&B, student rental, or guesthouse. Additionally, the property includes a 1,000-liter solar system for sustainable energy use and an inviting 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:
Considering the potential return on investment (ROI) for a prospective buyer, let's analyze the numbers:
With each room rented out at €300 per month, the annual rental income is:
Annual Income = 12 rooms * €300/room/month * 10 months = €36,000
Given the fixed price of €270,000, the ROI is calculated as follows:
ROI = (€36,000 / €270,000) * 100 ≈ 13.33%
This impressive 13.33% ROI highlights the lucrative potential of this property in Elvas. Furthermore, as the property is exempt from IMI tax, investors can maximize their returns with significant financial benefits.
Investment Potential:
Whether you're looking for a profitable hospitality venture or a stable long-term investment, this property offers remarkable versatility. Its prime location in a UNESCO heritage site, combined with modern renovations and a 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 full potential of this versatile property!
#ref: 121004
Alto Alentejo, Elvas, Portugal
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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.