€3,700,000

Multi Family for sale Porto
Property photo number 1 of 15 Photos for Property. File  104963829_4_8477d7d2447a5328336f3938840824ad.jpeg

Overview

SUMMARY: Discover an opportunity with this Porto multi family for sale and available for €3,700,000. This could be your next ideal home or a smart investment. More details await.

The building currently consists of 7 short-term rental units, a commercial shop generating €4,000 in monthly rent (lease valid until June 2026), and a vacant office building, interconnected. The total approved construction area is 1,004 m².

A complete architectural project has been approved to convert the entire property into a boutique hotel with 17 rooms and apartments, including a restaurant, courtyard with garden, and terrace.

- Option 1 - Sale of the property with the approved hotel project, ready for construction.

- €3,700,000.00 (three million seven hundred thousand euros), considering the property in its current state, with an approved project, ready to start construction.

- Option 2 - Sale of the property after completion of construction.

- €5,500,000.00 (five million five hundred thousand euros), turnkey regime, with the construction fully completed.

Sell the fully developed property with long-term leasing to a strong operator.

Maintain the asset to generate long-term passive income, with a solid tenant/operator.

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Details

  • Neighborhood: Porto
  • Beds: 0
  • Price: €3,700,000
  • Reference No.: OLYD-T982
  • Number of Rooms: 0
  • Area: 966 m2

Location

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