Beautiful new development in Porto

The historic city of Porto is one of the oldest cities in Europe. This exciting and vibrating city has surged in Europe as a main touristic destination due to its rich history, deep culture and a very singular nightlife. In 1996 the city center was elevated to the status of Unesco World Heritage. This region is also famous worldwide because of its wines, that are produced and stored along the banks of Douro River. The timeless elegance of Fervença Palace comes from a rehabilitation project of an 18th century building which preserves many of its unique architectural features.

 

Fervença Palace is located in the banks of the Douro River with its façade facing south, allowing it to have great sun exposure and splendid views over the river and the city. The project is comprised of 2 autonomous buildings, the renovated Palace and a new structure, separated by an internal magnificent private garden. Within the renovated Palace, most units include mezzanines enhancing the original double height ceilings.

INVESTMENT OPORTUNITY

 

Aside from the unparalleled views, Fervença Palace is located within walking distance of the main Porto attractions including, the Historic Center of Porto, the traditional Port Wine Cellars , Dom Luís I Bridge, the Sé amongst other. Fervença Palace building is being modernized into 17 upscale residential units. The apartments vary between 41,18 and 156,04 sqm, with studios, one-bedroom and two-bedroom units. All apartments include air-conditioning, double glass windows, fully equipped kitchens and may come fully furnished. Most of the units will have fantastic views over the Douro river and the city of Porto. Impacto Capital has acquired the entire building and will provide its clients the possibility of management services.

 

  • The apartments have the possibility to come with a fixed return;
  • The management company may be responsible for all the expenses including maintenance, condominium, water, electricity, internet, cable and insurance, among others

Prices starting at 308.000 EUR


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