Elvas Commercial

Investment Opportunity · Manor House in the Historic Center of Elvas Rent per Room

Historical property with 3 floors, located on Rua do Tabolado, in the heart of the historic center of Elvas (UNESCO World Heritage Site), a few meters from the Escola Superior de Biociências de Elvas (ESBE) — excellent location for rent to students, displaced teachers or temporary workers.

Large house, spread over 3 floors, with several independent rooms and 3 kitchens
About 330 m (≈ 4 min walk) from ESBE — Escola Superior de Biociências de Elvas (Polytechnic Institute of Portalegre)
200 m from Praça da República and all the shopping and services offered in the center
Currently using long-term rentals per room
Location and typology with potential for conversion into Local Accommodation, potentially increasing income significantly compared to traditional rent (subject to municipal licensing)

Income potential (estimate)

Gross revenue (yield), under traditional leasing: ≈ 6.9% to 7.4% per year

Areas

Private gross area (fraction B): 485 m²
Useful area (CE): 319.69 m²
Independent garage (fraction C): 35 m²

Energy efficiency — Class E (certified) · Recent improvements not reflected in current class
The property underwent improvements after the issuance of the energy certificate, which tend to significantly increase the real performance in relation to the indicated class:

Kommerling Eurofutur tilting PVC windows (Class A+)
Heat pump for DHW Vaillant aroSTOR VWL BM 270 (Energy class A+)
Ariston Velis water heater (Energy class B)

Legal status

Listed building (heritage), exempt from IPTU
Sale includes units B (house) and C (garage)

Location

ESBE (Polytechnic Institute of Portalegre): ≈ 330 m
Praça da República: ≈ 200 m
Border with Spain (Badajoz): ≈ 8 km
Évora: ≈ 86 km | Lisbon: ≈ 210 km, via A6

House with strong profitability potential, one of the few assets of this type available within the walled historic center of Elvas.

Contact
Tiago Grave | Real Estate Consultant · KW Believe
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