Alentejo Golden Visa Property: Alentejo Palace
A stunning palace undergoing refurbishment and eligible for Alentejo Golden Visas investment with just €280,000, the lowest qualifying investment for the Portugal Golden Visa.
Alentejo Golden Visa Property General Information
The Alentejo Palace is a unique historical palace that will undergo refurbishment to become a luxury hotel featuring 50 stunning rooms. The rooms are all designed with a classic Danish style. The hotel will feature comfortable high ceiling rooms with recreated stucco. Many of the rooms come with a fully equipped kitchenette.
Property amenities will include baroque gardens, a bar, a relaxing antique lounge, an organic restaurant, meeting rooms, observation tower, and meditation room. Other attractions on the property grounds will include a swimming pool, tea house, solarium, barbecue area, events hall, cowering space, terrace, fountain, and spa.
The property is also near to many popular tourist attractions, including hiking trails, bird watching spots, cycling paths, horseback riding facilities, kayaking waters, fishing spots, paragliding, and many more.
Historically, the Alentejo palace was the residence of the wealthy and famous De Costa family. Thus, the grounds sport a richly adorned face in the village’s main plaza.
This Alentejo Golden Visa property has been deemed well-conserved based on a comprehensive study by a renewed engineering firm. The palace is integral to the identity of the village and is commonly featured in popular media. The property is also prominently featured in local arts, and visiting local museums and galleries will show an abundance of photos and paintings featuring the palace.
Surrounded by beautiful nature, medieval landscapes, and tranquil scenery, Portugal’s Alentejo region is the next frontier of tourism in Portugal.
Tourism in Portugal is booming post-COVID, and the Alentejo Palace is in an ideal position to capitalize on this growing trend. Hotel guests in Portugal are nearing 2,000,000 per year, and the country will likely surpass that number in 2023. Moreover, Portugal features an occupancy rate of 72.5%
Investment in this Alentejo Golden Visa Property
Investment in this stunning Alentejo Golden Visa property is available for €280,000. The project is offering a variable return with an anticipated yield of 4-6% and 50% split on capital appreciation after year 7 when the hotel will be sold to a third party investor.
In addition, owners are able to receive several benefits. These include 1 week of free stay during the property’s high season or 3 weeks of free stay during the property’s low season. They are also eligible for 25% discounts off many of the services at the palace.
The developers expect revenue to exceed €4,000,000 by 2028. Other hotels in the region are also profitable and enjoying the benefits of a booming Portuguese tourism market.
Golden Visa Property Developer
The developers of the Alentejo Palace are an experienced Danish property development firm that specialise in property rehabilitation. Specifically, they focus on rehabilitating deluxe residential and tourist properties in north and western Europe. Their recent projects in Portugal include full rehabilitation of a 1907 villa, the refurbishment of an old industrial property, and transforming a beach property into a stunning modern villa facility.
The Alentejo Palace is in a medieval village surrounded by an amazing national park that features some of the greatest biodiversity in Portugal. Additionally, the region has some of the highest quality of life in the country.
This Alentejo Golden Visa property is in the country’s magnificent Alentejo region. Time Magazine ranked the region as one of the “World’s Greatest Places” in 2022.
The local area is famous for olive oil production, wine, nuts, and other local products.
What’s more this Golden Visa property is just 2 hours from Portugal’s capital, Lisbon. Lisbon is Portugal’s commercial, economic, and cultural center. The region is a short trip to Lisbon, where guests can enjoy the best the country has to offer. This proximity to Lisbon also ensures that the region remains accessible to domestic and international tourists.