“MERCAN GROUP LAUNCHING NEW PROJECT IN PORTO, PORTUGAL”
11th Project of MERCAN group has been released: PORTO ART’S SUITES – A member of PORTO ART’S HOTEL
Total Project Cost: 7,7million EUR
Total Apartment: 24 Freehold Forever
+ 18 T1 apartments
+ 6 Studio apartments
Call for: 21 investors
- Each investor owns 1 bedroom apartment (T-1)
- Special offer only for 3 investors; each owns 2 studios apartment
Investment amount: start from 356,900EUR up to 386,900EUR
Estimate completion date: 4th quarter 2022
Timeline: 18 months
Expected Rental Income: 5%- 7% /year
Porto Art’s Suites is an exquisite serviced apartment-hotel project; together with its sister-branch Porto Art Hotel; combining into a collection of “Porto Art Selection” that Mercan/RAG develops to specially cater smart travelers to the exciting city of Porto.
Located in the historic center zone with only 10 minutes’ walk to tourist spots in town, Porto Art’s Suites is unique in offering guests not only the comfort and quality from a standard hotel Suites criterion; but also aim to bring the “Feel Like Home” atmosphere to its clients. The hotel is an expansion part of Porto Art Hotel; that offer 24 spacious and bright rooms; with a perfect blend of design and history. Guests can also enjoy access to restaurants and pool at Porto Art Hotel any time.
With Porto Art Suites, Living is Simply an Art…
- Invest in a qualified rehabilitation real estate project in the Historic Centre of Porto under Golden Visa program; the only category remains unchanged while all other categories are increased starting 01st January 2022.
- Hotel industry: Occupancy rate of hotels in Porto remains high at 77% (under normal condition)
- The project is a beautiful service apartment hotel in Porto; a luxurious expansion part of Porto Art Hotel Group offering Suites room to Smart Travelers.
- Freehold asset with reasonable investment amount; can sell at market price after 5 years.
- Expected Annual income between 17,800EUR- 26,700EUR (5%-7.5%/ year)
- Free 7 days stay at Porto Art Suites every year.
- MERCAN/RAG is the largest hotel developer under Golden Visa program with investors coming from more than 40 nations worldwide. MERCAN and its local partners in Portugal confidently hold more than 50% market share under this category. The company commit to be the most professional, transparent and trusted partner for our investors in Portugal.
BENEFITS OF RESIDENCE CARD HOLDER UNDER GOLDEN VISA:
Get Residence Card for investor and family members (Spouse, dependent children and parents) through investment under Golden Visa program
- Entitled of free movement within 26 Schengen countries
- Opt out Visa application process to enter into EU
- Be entitled to live in a safe and peaceful country
- Free Public school for kids
- Premium quality of health care for parents
- Private insurance ranges from 200 up to 700EUR/ year
- Only stay 7 days a year in Portugal to keep residence card valid
- No worldwide income tax for up to 10 years
- Chance to apply Portuguese/EU citizenship after 5 years
All MERCAN’s projects are qualified under the 𝐆𝐨𝐥𝐝𝐞𝐧 𝐕𝐢𝐬𝐚 𝐏𝐫𝐨𝐠𝐫𝐚𝐦/𝐀𝐑𝐈. It’s one of the most competitive program that offer fast track to foreign investors to be granted a residence permit through investment activities conducted within Portugal territory. Residence permit holders already have the right to reside in Portugal and 𝐞𝐧𝐣𝐨𝐲# 𝐟𝐫𝐞𝐞 #𝐭𝐫𝐚𝐯𝐞𝐥 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 #𝟐𝟔 𝐧𝐚𝐭𝐢𝐨𝐧 𝐦𝐞𝐦𝐛𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐜𝐡𝐞𝐧𝐠𝐞𝐧 𝐳𝐨𝐧𝐞. It also gives them a chance to 𝐛𝐞𝐜𝐨𝐦𝐞 #𝐄𝐔 𝐜𝐢𝐭𝐢𝐳𝐞𝐧𝐬 and enjoys the benefits of the EU.
Portugal Golden Visa/ARI enacted since 2012 under 7 categories. MERCAN has launches the Golden Visa Program under property rehabilitation category. Until now, MERCAN successfully calls for more than 300 investment slots from over 40 countries to invest in this scheme.