House for sale

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.  Ref: PP174389 Property Features Villa 24 bathrooms For more details and to contact: https://realtyww.info/houses_porto-d536572/listing_i71572189