Assunção, Portalegre 7350

Investment Opportunity in Historic Elvas: Versatile Property with Exceptional Roi 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 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, 000Given 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. today to schedule a viewing and explore the full potential of this versatile property! ref: 121004