Backend Residence - Invest In Luxury Student Living
€ 1,050,000£ 878,692$ 1,191,198
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Porto, Porto & The Green Coast
Ownership Status: Company
Built in: n/a
767m2 Build size
€ 1,369£ 1,145$ 1,553
/ m2 build
1,680m2 Plot size
€ 625£ 523$ 709
/ m2 plot
Idealised for the savvy investor, the Backend Residence is a unique opportunity to invest in luxury housing, catered to students and education professionals alike.
Located in northern Portugal's largest city, Porto is an ERASMUShotspot and ever-evolving cultural reference. Renown for its timeless character, the city which comes to life along the Douro River, is home to several prominent higher education institutions and a large, underserved, student population. Herein lies the investment opportunity.
Adjacent to the ISCAP (Instituto Superior de Contabilidade e Administração do Porto) with over 4,500 students, the subject property encompasses 1,680 m2 with an approved architectural plan for 42 units, totalling 767 m2 of built private area. Featuring food services, laundry, recreational areas and private suites, in an enclosed and safe environment, the Backend Residence will offer a student experience unmatched within the city.
Offering two investment paths, long-term leasing or asset resale,the approved plan is a turn-key solution, thanks to available strategic partnerships which can deliver the finished product on-time and within budget. Estimated project timeline from purchase to delivery is 18 months. It is worth noting that the project benefits from the horizontal property regime, permitting the resale of individual units. Yields are conservatively estimated, while backed by the high student demand generated by the ISCAP, with projections of a 9% leasing return* and 21% return upon resale of all units*.
A detailed information package is available. We welcome international and institutional investors to contact us for further details.
*Estimated yields do not include projected returns from laundry services nor on-site parking, which would be in addition to these projections.
Porto is the 2nd largest city in Portugal based on its population; located in the North of the country, it is the city where Portugal’s name comes from. Porto’s name around 2200 years ago was Portus Cale that became Condado Portucalense later.
It’s a city known worldly for its wines, its contemporary and antique architecture, its historical centre as well as its football team, the Porto University (among the best 100 European universities), for the high quality service in its health centres and for its restaurants and gastronomy.
Porto was classified as World Patrimony by UNESCO.
Don’t miss Vila Nova de Gaia with its many tapas and port wine places, chocolate shops and River Douro trips! Visit the São Bento rail station, church of Santa Clara, Café Majestic, Chapel of Souls (Almas), Portuguese Centre for Photography, the gardens of Palácio de Cristal, Dom Luis I bridge, Casa da Música (Music house) and so much more!
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