Commercial space (store in a building)
A residential complex in a historic building, which is one of the most interesting in the city of Porto.
The complex consists of three buildings of different types (A/B/C), combining a magnificent example of architecture in the Modéon style and palace architecture from the early 20th century.
The building is located near the historic center, which is listed as a UNESCO World Heritage site. A total of 32 apartments and 2 commercial shops will be built across the three buildings. The architectural project was developed with the aim of restoring and expanding the historic building, reviving its subtle elegance, in combination with modern features, ensuring a high level of comfort and functionality, thus meeting the demands of contemporary life.
The basement will have vehicle access and will consist of parking for 14 spaces, a tank, and two connecting halls with staircases and elevators.
The underground area will have parking for 15 spaces and elevators.
The commercial space in building B has 69.6 sq.m of living area.
The commercial space has a hall area of 49.59 sq.m, with a hallway of 14.49 sq.m and a bathroom.
The monthly rent will be 1520 euros.
The main entrance will be from the street.
Location:
- 190 m from the 1º CEB do Sol primary school;
- 260 m from the São João National Theatre;
- 400 m from Praça da Batalha;
- 450 m from the Fontainhas viewpoint;
- 650 m from the São Bento metro and train station;
- 700 m from the Porto waterfront.
The property qualifies for the Golden Visa program in Portugal starting from €350,000.
The construction/reconstruction contract will begin in June 2021, with completion scheduled for April 2023.
In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Porto; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Porto short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (346 982 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Porto: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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