Beautiful Estate For Business Renovation
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€ 2,500,000 £ 2,092,367 $ 2,745,499

Reference PP174389

Porto, Porto & The Green Coast

Villa

Built in: n/a

1,603m2 Build size

€ 1,560 £ 1,305 $ 1,713 / m2 build

270,000m2 Plot size

€ 9 £ 7 $ 9 / m2 plot

Beautiful Estate For Business Renovation

€ 2,500,000 £ 2,092,367 $ 2,745,499

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Key information

Reference: PP174389

Villa

Porto, Porto & The Green Coast

24 Bathrooms

Ownership Status: Company

Built in: n/a

1,603m2 Build size

€ 1,560 £ 1,305 $ 1,713 / m2 build

270,000m2 Plot size

€ 9 £ 7 $ 9 / m2 plot

In the heart of the Douro Valley, you will find this old estate that sits on 27 hectares of land with wonderful views and a blank canvas for a brilliant business.  Rural tourism is on the rise in the Douro Valley, and this property offers a great development opportunity to turn the existing buildings into a healthy ageing and wellness residence.  The local municipality has already approved an architectural project for this estate by award-winning architect Carlos Castanheira.

The pre-approved project has a first phase for 24 accommodation units with large common areas in a luxurious setting, and there is the possibility to expand to a further 16 units, six of them out of existing ruins on the land. Within the land, there is a small forest where five new units could be built.  

By the water, there is a river beach that will accommodate a dock and where a Beach Club will be built, as well as a further five units. The concept is based on a Wellness and Healing Retreat to house long-term and short-term guests. 

The vendors have extensive experience in this field and will provide support in the comprehensive development of the project.  It is forecast to cost €8.5 million to complete from start to finish.  Please enquire more to learn about the project, projected yields, and timelines. 

No features have been added to this property.

Key information

Reference: PP174389

Villa

Porto, Porto & The Green Coast

24 Bathrooms

Ownership Status: Company

Built in: n/a

1,603m2 Build size

€ 1,560 £ 1,305 $ 1,713 / m2 build

270,000m2 Plot size

€ 9 £ 7 $ 9 / m2 plot

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Porto, Porto & The Green Coast

 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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 Porto, Porto & The Green Coast

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

Yours sincerely,
Liam Gould

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