Oporto, Vila Nova de Gaia, Portugal

PALACE OF FERVENÇAThe historic city of Porto is one of the oldest cities in Europe. This exciting and vibrant city has emerged in Europe as the main tourist destination due to its rich history, deep culture and a very unique nightlife. In 1996 the city centre was elevated to Unesco World Heritage status. This region is also famous all over the world because of its wines, which are produced and stored along the banks of the Douro River. The timeless elegance of the Palace of Fervença comes from a rehabilitation project of an 18th-century building that preserves many of its unique architectural features.It is located on the banks of the Douro River with its south-facing façade, allowing you to have a great sun exposure and splendid views of the river and the city. The project consists of 2 self-contained buildings, the renovated palace and a new structure, separated by a magnificent private garden interior. Inside the renovated Palace, most units include mezzanines, improving the original double ceiling height.All residential units can be sold completely decorated and furnished.All images used are merely illustrative and are intended to convey the concept and vision for development.INVESTMENT OPPORTUNITYIn addition to the unrivalled views, the Palace of Fervença is located within the main attractions of Porto including, the historic Port Center, the traditional Port Wine Cellars, Dom Luís I Bridge, the See and others.The Building is being modernized in 17 residences of high standard of units. Apartments range from 41.18 to 156.04 m², with studios, one and two bedroom units. All apartments include air conditioning, double-glazed windows, fully equipped kitchens and may be fully furnished. Most units will have fantastic views of the Douro River and the city of Porto.The apartments have the possibility to have management services:• Apartments have the possibility to come with fixed remuneration;• The management company may be responsible for all expenses including maintenance, condominium, water, electricity, internet, cable and insurance, among others.ELIGIBLE FOR GOLDEN VISA