Luxurious Freehold Units in Porto Covo with 65% of net operating income - Lincoln Global Partners

 

General Information

Porto Covo Village is a new Pestana Residences Real Estate project located in the charming fishing village of Porto Covo. Primely situated a mere 500 meters away from the beach, within the Natural Park of Southwest Alentejo and Costa Vicentina.

The tourist project will be built on a 3-hectare plot, consisting of a group of apartments with private swimming pools. Adjacent to a private condominium with shared gardens and leisure spaces. Each block of apartments will include two units on the ground floor with terrace access and two first floor units with rooftop access. The apartments will either be T2+1 or T1+2 in size. Notably, the developer will offer tourism operations and services as well as condominium management.

Portuguese Golden Visa Investment

The starting price for available units is 575K EUR. Owners can choose to rent out their unit for tourism, and the developer will manage it. Owners will receive 65% of the net operating income, excluding commissions from OTA’s like Booking.com and 6% VAT.

This project is nearly sold out! With currently only 7 units remaining available, time is of essence to guarantee your spot.

The Location

The square named “Largo Marquês de Pombal” and its surrounding old town in Porto Covo showcase the marvels of Portuguese Enlightenment architecture. These days, the area is home to commercial spaces and restaurants. Porto Covo lies along the coast of stunning and unspoiled beaches. The small island called “Ilha do Pessegueiro” is interesting to visit. Once used by Romans to prepare fish, it’s now an excellent beach for windsurfing and sport fishing. 

This region is known for its delicious fish dishes, seafood, cataplana, and feijoada de búzios. Porto Covo is particularly lively during the summer with a range of sports and cultural events taking place on its beaches and in the town center.

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