We are offering for one of our clients an excellent investment property in Cedros, Faial. This property has been registered as a so called Turismo Rural which is a higher classification than the normal guesthouses as room, size, condition and land around it needs to meet stricter rules.
This house comes with its own website with Booking engine: Click here
It is listed on the visitazores website: Click here
It has a review of 9,5 on Booking.com : Click here
You buy and are ready to start making turnover with this property as the bookings for the coming season come with the purchase. Google the property name and Faial and you will find all the marketing has been done…listings available at various popular holiday websites.
The property has been in business as a rental property for rural tourism for the past 9 years. It has excellent reviews on Booking.com. This property will make you a very decent return on your investment and the numbers are available to buyers.
The owners have done a very good job in decorating it in traditional style. It is a very comfortable house that needs no maintenance for now. There is a path to the ocean and Horta is a 25 minutes drive away. Cedros is known for its great weather, starting point of beautiful hiking trails such as the levadas trail which brings you all the way to the Caldeira of Faial. It is a popular spot. You will find good places to eat in the area as well as two decent stocked supermarkets. The house has a good internet connection.
This property is listed with the tax authorities as a business (“services”) instead of residential. This means property transfer taxes are set at 6,5% of the value instead of 1% for residents purchasing a property or 2% for non-resident buyers. However, this also means that any maintenance on the property can be written off before taxes on the property turnover.
We have pictures, drawings, all papers pertaining its status as a rural tourism property. If you want to make a nice return on investment this property is for you. Contact us for more information