Vouga Living
About project
Vouga Living | São Pedro do Sul is a lovely residential development in the tourist area of the town called Termas de São Pedro do Sul, featuring modern renovation with high end finishing and an open river view. The building is located on the river bank, with a park (currently in development) separating the property from the river.
The development comprises seven blocks, five of which have already been sold and populated. The remaining two blocks include 20 residential units spread over 4 floors, comprising mainly of two and three bedroom apartments. All apartments include parking spaces.
7
Blocks
4
Floors
16
Apartments
14
Penthouses
Location
Rua do Gerós, Termas de São Pedro do Sul, in São Pedro do Sul
Sao Pedro do Sul is a picturesque and tranquil village in northern Portugal nestled between forested hills and the Vouga river.
The thermal baths in the heart of the town date back to Roman times, and these are internationally sought after for their myriad of health benefits. Visitors from all over the globe visit this peaceful spot for the medicinal effects on the respiratory tract and immune system. These ancient mineral baths are now equipped with modern facilities and several leisure venues. Sao Pedro du Sul is a perfect combination of health, wellness and relaxation.
Sao Pedro do Sul is located just two hours from the Lisbon airport and 45 minutes from O Porto. There is a local airport in Viseu just 25 minutes away.
The most modern amenities —
Every apartment is outfitted with the most modern amenities such as air conditioners and fully stocked kitchens and bathrooms complete with appliances
Estimated Start 4th Quarter 2020 Project duration 12 Months
The most modern amenities —
Every apartment is outfitted with the most modern amenities such as air conditioners and fully stocked kitchens and bathrooms complete with appliances
Estimated Start 4th Quarter 2020 Project duration 12 Months
The most modern amenities —
Every apartment is outfitted with the most modern amenities such as air conditioners and fully stocked kitchens and bathrooms complete with appliances
Estimated Start 4th Quarter 2020 Project duration 12 Months
The most modern amenities —
Every apartment is outfitted with the most modern amenities such as air conditioners and fully stocked kitchens and bathrooms complete with appliances
Estimated Start 4th Quarter 2020 Project duration 12 Months
Highlights:
Offer:
Casa Rio consists of 16 apartments and 4 penthouses.
Apartment
Each apartment includes a porch and an underground parking space. Purchase price varies depending on apartment but varies between 280,000 euro and 312,000 euro. Our offer includes management of the property, finding suitable tenants and a guaranteed return of 4% for a period of 5 years.
Apartment size
73.5m² – 80.8m²
Terraces size
3.8m² – 5.7-m²
Bedrooms
1-2 bedrooms
Penthouses
Each block includes 2 penthouses, totaling four penthouses in all of Casa Rio. Each penthouse has a unique layout. 3 of the 4 penthouses have 2 bedrooms and vary between 77.48 – 97.73 sqm with terraces varying between 30.54 – 36.27sqm.The smaller penthouse is a one bedroom spanning 60sqm.
Apartment size
73.5m² – 80.8m²
Terraces size
3.8m² – 5.7-m²
Bedrooms
1-2 bedrooms
Offer:
Casa Rio consists of 16 apartments and 4 penthouses.
Apartment
Each apartment includes a porch and an underground parking space. Purchase price varies depending on apartment but varies between 280,000 euro and 312,000 euro. Our offer includes management of the property, finding suitable tenants and a guaranteed return of 4% for a period of 5 years.
Apartment size
73.5m² – 80.8m²
Terraces size
3.8m² – 5.7-m²
Bedrooms
1-2 bedrooms
Penthouses
Each block includes 2 penthouses, totaling four penthouses in all of Casa Rio. Each penthouse has a unique layout. 3 of the 4 penthouses have 2 bedrooms and vary between 77.48 – 97.73 sqm with terraces varying between 30.54 – 36.27sqm.The smaller penthouse is a one bedroom spanning 60sqm.
Apartment size
73.5m² – 80.8m²
Terraces size
3.8m² – 5.7-m²
Bedrooms
1-2 bedrooms
Area: 73.4 m2 Terrace : 1.6 m2 Total Area : 75 m2
Golden Visa Eligibility
According to law no. 23/2007 of 4 July (as subsequently amended) and Regulatory Decree no. 84/2007 of 5 November (as subsequently amended), property purchase combined with renovation works in a low-density territory can be reduced to a minimum 280.000,00 Euros threshold.
For this purpose, low density territories are deemed to be municipalities with GDP below 75% of the Portuguese national GDP or less than 100 inhabitants per square meter. Any investment made in these territories shall be granted a 20% reduction over the minimum investment threshold.
In respect to the renovation works, the immigration regulations in force also dictate that only renovation of properties constructed thirty years ago or properties located in an Urban Renovation Area can be eligible for this type of investment.
Based and relying upon, and subject to the foregoing, we are of the opinion that this investment possibility is valid because:
- — The development is located within the limits of an Urban Renovation Area as displayed here: http://www.cm-spsul.pt/images/files/consultapublica/aru/planta_aru.pdf
- — The Municipality of São Pedro do Sul is considered to be a low-density territory as it has only 79,40 inhabitants per square kilometer in accordance with the latest statistical data provided by Instituto Nacional de Estatística – the Portuguese Statistical Authority.
Golden Visa application
In respect to the Golden Visa application, it will be possible to initiate the application by delivering the following documents:
Final deed or promissory agreement regarding the unit to be bought;
Works contract and invoice issued by the contractor
(contractor must be a duly registered company before Instituto dos Mercados Públicos, do Imobiliário e da Construção, I.P. (IMPIC) – the Central Government Agency which regulates construction companies.
Bank declaration making evidence of the bank cheque payments made to the developer and to the contractor.
Statement issued by the Municipality of São Pedro do Sul confirming that the development is located in an Urban Area of Renovation.
All of the documentation mentioned above is already available and our law firm confirmed that it complies with Portuguese law, notably with Golden Visa regulations. Based on the information above, we can conclude that investment in renovated properties located in low density areas, such as the Municipality of São Pedro do Sul, can be reduced to a 280.000,00 Euros threshold.
Construction progress
Construction project:
Residential building in Termas de São Pedro do Sul (block 6 and 7)
Project location:
Termas de São Pedro do Sul–Varzea, São Pedro do Sul
Project owner:
Galaxy seeds
Concrete work
Repair and execution of wall coverings
Floor and staircase coverings
Repair and execution of ceiling coverings
Roofs and terrace waterproofing
Electrical network and telecom infrastructure
Water and sewage networks (tests, repairs and connections)
Metalwork and window frames
Woodwork 84 days
Painting works
Sanitary ware
Kitchen equipment
Special installations (elevators)
Contact me
Contacts us
+7 (499) 609-64-90
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