Investment Opportunity in Historic Elvas: Versatile Property with Exceptional ROI Potential Property 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: Let’s 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 36,000 Given 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 you’re 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: Don’t miss out on this exceptional investment opportunity in historic Elvas. Contact us today to schedule a viewing and explore the potential of this versatile property. #ref: 121004
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