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€ 9,000,000 £ 7,943,814 $ 10,732,070

Reference PP4240

Porto, Porto & The Green Coast

Townhouse

Built in: 1918

2,293m2 Build size

€ 3,925 £ 3,464 $ 4,680 / m2 build

Unique Investment Opportunity - Porto

€ 9,000,000 £ 7,943,814 $ 10,732,070

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Key information

Reference: PP4240

Townhouse

Porto, Porto & The Green Coast

Ownership Status: Private

Built in: 1918

2,293m2 Build size

€ 3,925 £ 3,464 $ 4,680 / m2 build

Located on Porto’s most iconic and famous avenue, this property offers the best potential for a developer who is looking to renovate and generate a healthy return. 

There are, in fact, two buildings included with this purchase, both in great condition. High ceilings, large windows and the facade give this property a majestic feel. The signature design of Iberian modernism architecture from the early 20th century accentuates the beauty of this property.

The residential units no longer have tenants and are ready for remodelling. The commercial space on the ground floor has an existing rental agreement until the end of 2022 with a high yield.  The capital from the rental is included in the purchase, granting liquidity for renovations upon purchase.

Beyond acquired equity, refurbishment of this property will add great value to the buildings.  As an investment, there is incredible potential to turn this already very valuable property into a great return on investment.   

Features

  • Character property
  • Near bars / restaurants
  • Near school(s)
  • Near shops

Key information

Reference: PP4240

Townhouse

Porto, Porto & The Green Coast

Ownership Status: Private

Built in: 1918

2,293m2 Build size

€ 3,925 £ 3,464 $ 4,680 / m2 build

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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Want to know more about this property?

Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.

Yours sincerely,
Michael Vincent

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