Description
The Fervenca Palace is located on the bank of the Douro River, with its south-facing facade, which allows an excellent sun exposure and superb views of the river and the city.
In addition to the unique views, the Palace of Fervenca is within walking distance of the main points of interest of Porto such as its historical Downtown, the traditional port wine cellars, the D. Luis bridge, the See, among others. The Palace of Fervenca is being modernized in a state-of-the-art structure with 17 residential units.
The timeless elegance of the Palace of Fervenca stems from the rehabilitation project of a 19th century building. 18TH CENTURY.
Authored by the architecture studio Saraiva e Associados, the rehabilitation preserves many of the unique architectural features of the building.
The project comprises two autonomous buildings, the renovated Palace and a new structure, separated by a magnificent private internal garden. Inside the renovated Palace, most units include mezzanines, highlighting the original double foot.
Apartments range from 41.18 to 156.04 m2, with studios, and 1 and T2 apartments.
All apartments include air conditioning, double-glazed windows, a fully equipped kitchen and can be fully furnished. Most residential units have fantastic views of the Douro River and the city of Porto.
The apartments have the possibility of having associated a fixed return and can be sold fully decorated and furnished.
All images are used for illustrative purposes only and are intended to show the concept and vision for this venture.
Expected completion date of the work: early 2023
The historic city of Porto is one of the oldest in Europe. This lively and vibrant city has appeared in Europe as the preferred tourist destination due to its rich history, entrenched culture and a unique nightlife. In 1996, the city's Downtown was elevated to a Unesco World Heritage Site. This region is also world famous for its wines that are produced and stored along the banks of the Douro River.
What is it?
The Golden Visa programme, launched by the Portuguese authorities, is a fast track for investors to obtain a fully valid residence permit in Portugal and, consequently, free access to the vast majority of European countries (Schengen area).
The absence of double taxation in the case of pensions and dependent and independent work abroad.
Taxation, for a period of 10 years, at a fixed RATE of IRS of 20% on income from work earned in Portugal, for activities considered to be of added value (engineers, architects, doctors and many others).
Energy Rating: A+
