Building To Renovate In Sintra. Central. Excellent Investment Or Private Residency.
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Building To Renovate In Sintra. Central. Excellent Investment Or Private Residency.

€ 789,000 £ 683,262 $ 922,267

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Key information

Reference: PP174432

Villa

Sintra Area, Lisbon & Lisbon Coast

Ownership Status: Private

Built in: n/a

302m2 Build size

€ 2,613 £ 2,262 $ 3,054 / m2 build

Here is an opportunity to invest in a truly unique property.

Located in the charming and historic village of Sintra, this building is situated in an area that is rare in terms of accessibility, security, and government support for urban rehabilitation. The village itself is a protected UNESCO World Heritage Site, making it a highly sought-after destination for tourists and locals alike.

As the village continues to grow and attract more attention, the value of our property is only set to increase. With the recent arrival of universities in the area, there is an even greater potential for growth and development.

Not only is this property located in a prime location, but it also boasts high-quality construction materials that have ensured the building's structural integrity over the years. While some structural work is necessary, this investment will ensure the continued preservation of this historic building for years to come. In addition, the property has the potential to be used for a variety of purposes, including residential or commercial ventures.

With the support of the local government and the growing interest in the area, there are endless possibilities for the future of this property. This is the perfect time to invest in this kind of unique property. Its prime location, historic significance, and potential for growth make it an ideal investment for those looking to make a smart and profitable investment.

This property is an excellent business opportunity as it includes a garage, a ground floor with two gardens, a first floor, and a second floor with a converted attic.

Being located in a central area within an urban rehabilitation zone, this building offers one of the rare opportunities for a profitable business with municipal support for property rehabilitation in this location.

The building presents great potential for various types of profitability, including long-term rentals, short-term rentals (Airbnb, vacation rentals), student housing, and individual residences, among other possibilities. Only the investor's imagination can limit the projection of potential uses.

The property also features a significant advantage with almost 70 square metres of converted attic space on the second floor, as well as double the area of the garage with the converted basement (as per the previous owner's idea based on the projection made and confirmed by the engineer and architect). It is also possible to convert the garage and basement into housing for immediate property appreciation (as per the previous owner's idea based on the projection made and confirmed by the engineer and architect).

 

 

Features

  • Spacious
  • Character property
  • Features great views
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near a golf course
  • Near the beach

Key information

Reference: PP174432

Villa

Sintra Area, Lisbon & Lisbon Coast

Ownership Status: Private

Built in: n/a

302m2 Build size

€ 2,613 £ 2,262 $ 3,054 / m2 build

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Sintra Area, Lisbon & Lisbon Coast

 Sintra Area, Lisbon & Lisbon Coast

Picturesque Portuguese town, Sintra is definitely the most romantic city in Portugal. Its hills and its unique colourful palaces and extravagant houses, will make you travel to a different era.

Read more

 Sintra Area, Lisbon & Lisbon Coast

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Yours sincerely,
Michael Vincent

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