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

Income-generating building with approved boutique hotel project in Porto’s Historic Centre Located between Ribeira and São Bento, this building represents a rare investment opportunity in one of Porto’s most sought-after and iconic areas. The property is currently operating as short-term accommodation, with 7 fully equipped and furnished apartments, complemented by a leased commercial unit, providing immediate income from day one. Renovated in 2019 and in excellent condition, the building is equipped with solar panels, air conditioning, central heating and a pleasant outdoor area with a garden and patio. At the rear, connected to the main building, there is also a currently vacant building, corresponding to the area with the greatest intervention potential within the approved project. The property has an architectural project approved by Porto City Council for conversion into a boutique hotel, including apartments, rooms, a restaurant, a garden with patio and a rooftop. Given its location, condition, current income and transformation potential, this asset is suitable both for immediate operation and for a value-add project aimed at repositioning it within a higher-end tourism segment. A distinctive opportunity for investors seeking centrality, income and growth potential in the heart of Porto.