Reference nr:
IS832234
Description:
‐ Studio, 1, 2 and 3 bed Apartments available ‐ Prices starting at €94,325 ‐ Parking for every apartment ‐ 12 month rental guarantee at 5% p.a. ‐ First 12 months management free, 7% p.a. thereafter ‐ 28,000 students studying in immediate vicinity ‐ 10,000 staff at nearby Hospital S. João ‐ 10,000 new students every year starting courses at the University, with next enrolment commencing September 2008 ‐ Close proximity to new Metro service offering direct access to most of Porto city ‐ Amenities such as bars, restaurants and shopping centres all in close proximity ‐ High growth area due to demand for rental property and surrounding development ‐ Travel time under 2 hours from the UK
The Porto Oriente development has been specifically designed and the site chosen to satisfy a shortage of student accommodation in the University District. The development is situated at the heart of the University Campus, which is made up of 15 generally autonomous ‘schools’, each specialising in a specific discipline. In addition to the 28,000 students that attend the various faculties at the University, there are in the region of 3,500 staff based on site, many of whom come from all over the world to teach the various disciplines offered at the school. The Hospital S. João is also located under 5 minutes away (see fig. 3) from the development, which employs approximately 10,000 staff. Considering that the University offers student accommodation for only a very limited amount of students, and generally under special circumstances, it is clear there is a large gap in the market locally for high quality apartments, tailored to the student market. This is becoming ever clearer by the development beginning to take place in the surrounding area. Porto Oriente is complete and around 40% of the development has been sold to local people, parents of overseas students and local investors. Maexpa International have identified Porto Oriente as an ideal investment product for the ‘armchair’ investor, without the need to manage the properties on a short term let basis as is generally the norm with most overseas investments, which are typically targeted at the tourism market. With this in mind Maexpa will be offering a 5% rental guarantee for the first 12 months after completion. Generally students attend the University of Porto for 3‐4 years, thus the void period at the start of the tenancy will be borne out by Maexpa and upon transfer of the tenancy agreement after the guaranteed period of 12 months typically the tenants will extend their tenancy.
Bedrooms: |
Bathrooms: |
Price (€): |
1 |
1 |
104,610 |
2 |
1 |
141,130 |
3 |
1 |
407,550 |
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Features:
City
Submission Date:
09-11-2008
Last Update: 09-11-2008
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Advertiser Details:
Name:
International Sales
Company:
Maexpa International
Phone:
00 44 (0) 207 960 6039
Fax:
00 44 (0) 207 960 6139
Mobile:
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