Portalegre, Portalegre

Investment opportunity in the historic area of Elvas: Versatile property with exceptional return potentialProperty 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 has a total gross floor area of 369 square meters spread over three floors. It has 12 rooms, each equipped with its own bathroom, making it ideal for various hotel ventures, such as a boutique hotel, B&B, student rental or guest house. In addition, 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 and Amenities:Recently renovated to a high standard, the property offers modern amenities and comfort. The 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 at 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 potential buyer, let's look at the numbers:With each room rented at 300 euros per month, the annual rental income is as followsAnnual income = 12 rooms 300/room/month 10 months = 36, 000Given the fixed price of 270, 000, the ROI is calculated as follows:ROI = (36, 000 / 270, 000) 100 13.33%This impressive ROI of 13.33% highlights the lucrative potential of this property in Elvas. Additionally, because the property is exempt from IMI, investors can maximize their returns with significant financial benefits.Investment potential:Whether you're looking for a profitable hotel development 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 yield, makes it an attractive opportunity for savvy investors.Act now:Don't miss this exceptional investment opportunity in the historic center of Elvas. Contact us today to schedule a viewing and explore the full potential of this versatile property!#ref: 121004