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7 bedrooms house for sale in Cedofeita, Santo Ildefonso, Se, Miragaia, Sao Nicolau e Vitoria, Portugal

299 900€

Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória

Features

  • 202 m² surface area (2174 sqFt)
  • 4 bathrooms
  • 91 m² of land (980 sqFt)
  • N/C
  • 7 bedrooms

Property description

Introducing a property with vast investment potential, situated in the historic district of Porto, nestled between the Sé cathedral and the picturesque Douro River waterfront. This building boasts an approved project allowing for 231m2 of construction area, offering a prime location with bustling tourist activity and breathtaking river views. This property is perfect for investors seeking renovation opportunities with advantageous tax benefits. Being located within an Urban Rehabilitation Area (ARU), there are possibilities for tax exemptions and other incentives throughout the property's renovation and operation. The strategic location and versatile potential for residential, touristic, or commercial usage ensures a lucrative return on investment exceeding the market average. With a land area of 91m2 and three floors, this property holds the promise of creating a distinctive and exceptional space upon renovation. The approved project features a layout including a ground floor of 55.2m², a first floor of 95.4m², and a second floor of 84.80m². A budget estimate for the complete rehabilitation was conducted on 7/Jul/23, totaling €521,347.19 + VAT. This remarkable property offers a rare opportunity for those interested in revitalizing a historically rich property with immense potential in one of Porto's most coveted neighborhoods. Discover more about this enticing investment opportunity today.

Location

Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória

Date added: 27.09.2024

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