Perfectly blending modern comfort with art deco architecture, discover this exclusive collection of apartments for sale in Porto.
Why is this opportunity so exciting?
Located on the leafy Rua Sá da Bandeira, this exciting, award-winning renovation project enjoys a truly privileged location with some of Porto’s best attractions and main arteries just steps away. The properties are right next to the pedestrian shopping street of Rua de Santa Catarina and a short walk from Avenida dos Aliados, Porto’s monument-studded avenue.
The apartments are set in Porto’s iconic Emporium building, a charismatic 1940s building with art deco details. Great care has gone into preserving the historic elements of the property, such as the original facade and staircases. This makes it a truly unique place to call home.
What about the properties?
The Emporium building is being converted into an exclusive collection of 23 apartments for sale ranging from 67 to 194 square metres. The interiors have been completely renovated with a contemporary style boasting high-end finishes such as marble bathrooms and designer kitchens. There is plenty of outside space too as all apartments feature a balcony or terrace and have access to a lush, resident-only garden.
Each apartment includes storage, at least one parking space and an electric car charging point – a rarity in the city. There is also a concierge service.
What’s the investment potential?
Located in an elegant neighbourhood with boutique shops, hospitals, schools and trendy restaurants within walking distance, these apartments are perfect for living in or putting on the long-term rental market. If you do decide to rent it out, you can expect long-term rental yields up to 5.5%. Priced at €4,989 per square metre, these apartments represent excellent value as properties in this neighbourhood range from €5,300 to €6,500 per square metre.
Many of the apartments are suitable for the Portuguese Golden Visa programme. Invest €500,000 or more in Portuguese real estate, and become eligible for Portuguese residency which grants you easy access to countries in the Schengen Area amongst other benefits. After five years, you will be able to apply for Portuguese citizenship.
With prices resembling Lisbon five years ago, it is a very exciting time to invest in Porto. The city is making a name for itself as a major start-up hub and an €800m project to improve public transport services is now in progress. €15m has also been invested into the local airport, Sá Carneiro Airport, to boost capacity from 20 flights per hour to 32.
These apartments are just a short walk from Avenida dos Aliados, Porto’s famous boulevard lined with neoclassical buildings and grand monuments celebrating local history. Here you will find banks, 5* hotels and plenty of cafes and trendy restaurants.
From its famed sweet wine to fresh seafood, Porto is a real feast for the senses. For traditional taverns head to the winding streets of Ribeira or sample world-class cuisine Vitor Matos’s newly Michelin-starred restaurant ‘Antiqvvm’.