13 bedrooms house for sale in Assuncao, Portugal

299 000€

Assunção

Features

369 m² surface area (3972 sqFt)
12 bathrooms
28 rooms
N/C
13 bedrooms

Property description

Investment Opportunity in Historic Elvas: Versatile Property with Exceptional Roi PotentialProperty Overview:Located in the picturesque Unesco heritage site of Elvas, close to Portalegre in the scenic Alentejo region of Portugal, this property presents a unique investment opportunity. With a fixed price of Eur 299,000, 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 suitable for various hospitality ventures such as a hotel, B&B, student room rental, or boutique hotel. Additionally, the property includes a 1000-liter solar system for sustainable energy use and an 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:Lets consider the potential return on investment (Roi) for a prospective buyer. With each room rented out at Eur 300 per month to students, the annual rental income from the property is calculated as follows:Annual Income = 12 rooms Eur 300/room/month 10 months = Eur 36,000Given the fixed price of Eur 299,000 for the property, the Roi can be calculated using the formula:ROI = (Eur 36,000 / Eur 299,000) 100 12.04% This impressive Roi showcases the lucrative potential of investing in this property in Elvas. Furthermore, as the property is exempt from Imt tax, investors can maximize their returns and enjoy favorable financial benefits.Investment Potential:Whether youre seeking a profitable venture in the hospitality industry or a secure long-term investment, this property offers versatility and stability. Its prime location in a Unesco heritage site, coupled with its recent renovations and reliable rental income, makes it an attractive opportunity for savvy investors.Act Now:Dont miss out on this exceptional investment opportunity in historic Elvas. today to schedule a viewing and explore the potential of this versatile property. ref: 121004

Property summary

From a buyer's perspective, this property offers a unique investment opportunity in the picturesque Unesco heritage site of Elvas. Its location, versatility, and high Roi make it an attractive choice for both investors and those seeking a lifestyle purchase. The property's recent renovations and sustainable features, such as the solar system, ensure modern comfort and safety. With 12 rooms equipped with their own bathrooms, it is easily adaptable for various hospitality ventures, such as a hotel, B&B, or student room rental. The property has a steady income stream from renting out to students, providing a reliable and solid investment. Its prime location, combined with the potential for high returns and financial benefits, makes this property a compelling option for those interested in real estate investment or a second home in a charming and historic setting.