Building to rehabilitate with approved project for the construction of a 4 * hotel - Porto / Vila Nova de Gaia | BVP-TD-1095


€ 4,500,000.00

Reference: BVP-TD-1095
Region: Norte
District: Porto
County: Vila Nova de Gaia
Parish: Santa Marinha e São Pedro da Afurada
Property type: Building
Other: Exclusivity, Hotel, Rehabilitation project
Transaction Type: For sale

Property details

Bedrooms: 63
Construction area: 4,848.00 sqm

Description of the property

Located in a prime location in the hills of Vila Nova de Gaia, in an area classified by UNESCO as a World Heritage Site, situated along the right bank of the Douro River. The building offers exceptional views over the river and the old town of Porto, which goes from Cais das Pedras to Serra do Pilar.

Project approved by Gaia City Hall for the construction of a 4 star hotel with 63 rooms, which can be extended to 76 rooms.

Price of the land + existing building:  4,500,000 €

Estimated cost of rehabilitation works: 6,400,000  € 

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