2 Properties for Sale, Houses lowest price, Remodelled, in Elvas, Published in the last 30 days

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 290,000, 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.
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Fabulous Farmstead is located in Alto Alentejo with about 106 hectares, in Terrugem, in the municipality of Elvas.

Located in a valley populated by a holm oak grove, with branches and protectors, the estate also has a pond, two holes, and two wells.

The urban part consists of a typical Monte Alentejano, restructured for Rural Tourism, with the respective active license, and composed of 5 apartments of type T1 with ensuite, cable TV, air conditioning, and 2 more suites and 2 bedrooms, with a large living room and kitchen.
Outside there is a saltwater swimming pool and respective support bar, bathroom with shower, sauna, Turkish bath, and laundry.
There is yet another Monte Alentejano, modernized, with private housing, consisting of 2 suites, 1 bedroom, a large common room, a kitchen, a shared bathroom, and laundry.

The rustic part has a livestock operation for raising cows which currently consists of around 70 animals, with cattle parks and 22 gates.

The Farmstead also has 68 solar panels supported by batteries that give the property almost energy independence and solar panels with thermosiphon for heating sanitary water.

It also has an agricultural support warehouse.

This wonderful property is 15 km from the city of Elvas, 27 km from Badajoz, in Spain, and about 2 hours from Lisbon.

If you have any other questions or doubts, or if you wish to visit the property, please do not hesitate to contact me. Nuno Machado.
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