The natural choice in Lisbon. The historic 17th century Palace Conde-Barão de Alvito, was the palatial home of the Barons (later Counts) of Alvito and is situated in Santa Catarina, a parish of Misericórdia, one of Lisbon’s most sought after neighbourhoods. Enjoying a central location, the Baronesa Luxury Hotel Apartments are located in the historic centre of Lisbon, a short walk away from the world famous Praça do Comércio and the Rio Tejo (Tagus River). The 5* hotel apartments all offer underground parking and secure storage facilities, as well as the amenities that you would expect from a world class 5* hotel: a Spa & Gym, large garden with swimming pool and a cosmopolitan bar and restaurant. The bar, which will showcase many of Portugal’s finest world-famous wines, will also offer international gourmet light dining in the evening for all and breakfast to apartment guests in the morning. The Baronesa will be branded as an independent 5* luxury apartment hotel, representing the best that Lisbon has to offer in terms of design, heritage, culture and character. All apartments will benefit from a professional management structure for owners and the very best facilities and service levels for guests. SECURED PROPERTY INVESTMENT* | ONE OF THE BEST LOCATIONS IN LISBON | NEW & VERY MODERN PROJECT WITHIN LISTED FACADE OF AN HISTORIC LISBON PALACE | ELIGIBLE FOR IMI & IMT EXEMPTION** | SUITABLE FOR GOLDEN RESIDENCY PERMIT & NON-HABITUAL BUYERS ALIKE. *Buyers funds will be held in a deposit account and only released on project/construction milestones being met. **Application being processed and subject to final ruling from Lisboa tax office (also dependent on the type of buyer). JOAO PEDRAS & HELDER CORDEIRO | ARCHITECTS CHRIS EDDIS | PART OWNER/DEVELOPER We have spent a lot of our time working on this project I have worked with and owned a number of great hotels around over the last 18 months and are very proud of the outcome. the world and I am excited about doing the same again in Lisbon. It has been a challenge getting the most out of the space I feel honoured to have the opportunity to be part of the team and we both feel that the design and concept now works developing this old palace and feel very confident that this will extremely well. We feel we have done justice to this become a very special addition to our portfolio of properties in wonderful old palace building, and its garden, with the Lisbon. support of our team. It has also helped that the local planning and heritage department have been so supportive and responded so quickly during this process. PETER LOWE | PART OWNER/DEVELOPER My company believes in creating beautiful luxurious hotels in The Baronesa is a very important building in Lisbon and fabulous locations and following on from the success of The we are looking forward to seeing this old building coming Lumiares, this building truly fits the bill. This stunning landmark back to life. building, with its large garden in the heart of Lisbon, has required a huge team effort to make sure justice is done to this historic palace - we wanted to keep all the charm while bringing the building into the 21st century. The Baronesa will be completed in early 2018 and will represent the second of our very best apartment hotels in Lisbon, offering a truly luxurious and exciting 5* experience. 2 THE BARONESA THE BARONESA 3 CONTENTS INVESTMENT SUMMARY - The Baronesa Luxury Hotel Apartments, Lisbon LOCATION – Santa Catarina, Misericórdia, Lisbon PROJECT TEAM INVESTMENT CASE - Why Invest in Lisbon? GOLDEN RESIDENCY PERMIT (GRP) – Summary THE BARONESA LUXURY HOTEL APARTMENTS PROPERTY SPECIFICATIONS HOTEL MANAGEMENT, OPERATIONS AND RENTAL RETURNS PALACE HISTORY - The History of the Palácio Conde-Barão de Alvito LISBON OVERVIEW DEPOSIT PROTECTION SCHEME & DEFECT INSURANCE PURCHASE STRUCTURE & PROCESS CONTACT US 4 THE BARONESA THE BARONESA 5 APARTMENT PURCHASE IN THE BARONESA OPPORTUNITY TO ACQUIRE Purchasers, as well as receiving a guaranteed return on original purchase price. investment over the first three years, plus a generous Please see Section 7 on page 40 for an illustrative example. AN APARTMENT IN A TOP END furniture package, will also benefit from up to six weeks 5* APARTMENT HOTEL IN THE of personal usage per year. PLEASE NOTE: the rental guarantee and furniture package are only offered to purchasers opting to join HEART OF SANTA CATARINA. The rental structure ensures a protected investment the PHM (Portal Hotel Management). Each apartment opportunity for buyers looking to take advantage of a will be managed by the Hotel to maximize income and strong market in Lisbon in an area that is expected to for ease of use by purchasers. The Baronesa Luxury Hotel Apartments occupies a show some excellent capital growth over the next few former palace in Santa Catarina, Misericórdia, in the years. Buyers who enter the rental scheme will enjoy For personal usage allowances, terms and conditions historic heart of Lisbon. Centrally located, it is walking a three year rental guarantee of 4% gross per annum. apply. Please see page 40 for further details. distance to all of the fine restaurants, nightlife, shops The only deductions applicable to this return are local and attractions that this bustling city has to offer. Bairro taxes and property management fee. After the three Alto, central to Lisbon café and nightlife culture, is less year guarantee period, the arrangement reverts to a than a kilometre away and Santos railway station is only 45% share of room revenues, with the management a 100 metre walk with direct trains to the beaches at company Portal Hotel Management (PHM) remaining Estoril or Cascais and also the cultural and tourist area responsible for meeting costs of security and staffing, of Belém. The Baronesa is also minutes by tram, or a utilities, building and business insurance, maintenance, From short walk, to Lisbon’s main commercial and business cleaning and laundry. After year 3, it is expected that address, the Avenida da Liberdade. purchasers will enjoy returns of 5-6% gross on their 500.000 6 THE BARONESA THE BARONESA 7 8 THE BARONESA THE BARONESA 9 01 INVESTMENT SUMMARY THE BARONESA LUXURY HOTEL APARTMENTS, LISBON THE DEVELOPMENT RESIDENCY RIGHTS Site and facade of historic palace acquired April 2015. Immediate legal right of residence in Portugal (GRP), (Minimum EUR 500,000 of equity has to be invested). THE PROPERTY Twenty five apartments over four floors with three INVESTMENT SECURITY underground parking levels. The facilities include a spa, See page 48 for details gym and outdoor heated swimming pool. The Alvito All purchasers’ funds will be held in a deposit account Bar & Restaurant will offer room service and breakfast and released against agreed project/construction to hotel guests: milestones. Deposit Insurance is available for extra peace of mind. Please see Section 10 for more detail. • Reception, guest lobby, restaurant and bar • 25 apartments, 51 parking spaces and 37 storage RENTAL GUARANTEE FOR PURCHASERS lockers 3 years from handover of Hotel Apartment (Deed) at • Large landscaped garden (1350m2) with a large 4% gross per annum. heated swimming pool • Spa and gym overlooking the garden TURN KEY INVESTMENT The Hotel Apartments will be fully furnished on LOCATION IN SANTA CATARINA, MISERICÓRDIA, completion and ready to be occupied or rented out as LISBON part of the rental pool subject to the BHMA. In the heart of historic Lisbon, 20 minutes drive from Lisbon Airport, 5 minutes by tram or car to the Avenida da Liberdade, 5 minutes walk from the Presidential Palace and 2 minutes walk from the Santos Rail station. COMPLETION Construction to start in April 2016 with Completion in December 2017 and hotel opening in January 2018. 10 THE BARONESA THE BARONESA 11 02 LOCATION SANTA CATARINA, LISBON THE BARONESA LUXURY HOTEL APARTMENTS warehouses and factory buildings, while old mansions area’s main shopping street, linking the riverside square IS SITUATED ON LARGO CONDE BARAO have been turned into hotels and embassies. of Terreiro do Paço to the beautiful Rossio Square and the Avenida da Liberdade. The Baronesa Luxury Hotel Apartments is situated in More restored buildings are found nearby in the Santa Catarina, on the Largo Conde Barão (the street Alcântara district, where old warehouses have been From the Baronesa Luxury Hotel Apartments, it is a short takes its name from the original palace). converted into restaurants by a marina under 25 de Abril walk to the Chiado district, characterised by signature Bridge (the Santo Amaro Docks), and at Lx Factory, a cafes, such as A Brasileira, the art school, theatres and The area is bordered by Lapa (the traditional area small cluster of creative companies and businesses. museums. Nearby, neighbouring Carmo has some of for embassies and wealthy Portuguese) in the west the city’s most fascinating historic buildings, such as the Behind Largo de Santos (Santos Square) are the narrow and Estrela, home to the Presidential Palace to the elegant Convent and Church of Carmo, as well as the streets of the tiny and picturesque neighbourhood of north. Santos rail station is a short walk away as is Archaeological Museum of Carmo, with its collection Madragoa, which together with Alfama was once home the historic Praça do Comércio. The nearby former of prehistoric, Roman, medieval and baroque artefacts. to Lisbon’s fishing community. Today it is known for its industrial neighbourhood of Santos was turned into Alternatively, should you wish for a day at the beach, traditional taverns and “petiscos” (tapas) restaurants. the city’s “Design District” in 2006 when a group of there are direct trains to both Estoril and Cascais from local businessmen got together to revitalize the area. Outside the Baronesa you can take the tram for the the nearby Santos Rail station and you can be on the It has since attracted design shops and several design short journey to Baixa (“downtown”).