Commercial for sale in Tras-Os-Montes

Situated in the heart of the Douro Valley, this old estate is set on over 20 hectares of land with stunning 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 convert the existing buildings into a healthy ageing and wellness residence.  The local council has already approved an architectural project for this property by award winning architect Carlos Castanheira.
The pre-approved project has a first phase of 24 units with large communal areas in a luxurious setting, with the possibility of expanding to a further 16 units, six of which will be built from existing ruins on the site. Within the site there is a small forest where five new units could be built.  
On the water there is a river beach with a dock 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 accommodate long and short term guests. 
The vendors have extensive experience in this field and will assist in the full development of the project. The project is estimated to cost €8.5 million from start to finish. Please enquire to learn more about the project, projected returns and timescales.

Ref: PP174389

• Commercial
• 1 bathrooms
• Features great views
• Evening sun