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Investment Restoration Opportunity In The Historical Center Of Porto

€ 5,500,000 £ 4,854,553 $ 6,558,487

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Key information

Reference: PP3492

Townhouse

Porto, Porto & The Green Coast

Ownership Status: Company

Built in: n/a

2,163m² Build size

€ 2,543 £ 2,244 $ 3,032 / m² build

300m² Plot size

€ 18,333 £ 16,181 $ 21,861 / m² plot

In Ribeira, the beautiful Unesco World Heritage site and historical centre of Porto we have an amazing opportunity to present;

Two buildings in distress looking for total reconstruction that comes along with a full study for a 51 room hotel with a restaurant and bar.

The total area of the buildings combined is; 2,163 m2,

55 rooms, restaurant, breakfast area and bar. Outside there is 300m2 of garden space.

This development could potentially be made into apartments.

This is an extremely rare opportunity to develop a building in the main tourist hot spot of the city, on the doorstep of Ribeira. This opportunity will not hang around for long. Act now and enquire!

Features

Features great views
Near bars / restaurants
Near shops

Key information

Reference: PP3492

Townhouse

Porto, Porto & The Green Coast

Ownership Status: Company

Built in: n/a

2,163m² Build size

€ 2,543 £ 2,244 $ 3,032 / m² build

300m² Plot size

€ 18,333 £ 16,181 $ 21,861 / m² plot

The location: Porto, Porto & The Green Coast

Porto is the 2nd largest city in Portugal based on its population; located in the North of the country, it is the city where Portugal’s name comes from. Porto’s name around 2200 years ago was Portus Cale that became Condado Portucalense later.

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Ask the Expert: Currency Exchange

Sarah Monaghan is a foreign currency exchange specialist working for Smart Currency Exchange in Portugal. If you have a question relating to foreign currency exchange, complete the form below and Sarah will get back to you.

Ask the Expert: Mortgages

Mario is a mortgage expert working for Quinta Finance in Portugal. If you have a question relating to mortgages, complete the form below and Mario will get back to you.

Ask the Expert: Property Law

Francisco Salgueiro is a property law expert working for Edge International Lawyers in Portugal. If you have a question relating to Portuguese property law, complete the form below and Francisco will get back to you.