Large waterfront building for renovation in Horta’s city centre

  • €299,000

Overview

Property ID: 28264
  • Commercial Properties, Residential Properties, Town house
  • Property Type
  • 411

Description

We’re pleased to offer this large waterfront building, in a fabulous location, in Horta’s city centre, Faial island, Azores.

This is a large two stories plus attic building. It has a footprint of 137m2 and a total registered living space of 411m2. On the ground floor there’s a large shop, with windows and doors to both the waterfront Avenue as towards the main commercial Avenue of Horta. The top floors used to be residential and they have tall ceilings and large windows, allowing to redesign an interesting, comfortable new building in a prime location.

The property is in a very poor condition, and needs to be fully rehabilitated. There are several government incentive programs and tax breaks for the urban renewal of Horta city, as well as local engineers, architects and experienced building companies. We can help and advise you through the process.

The location is simply the best you could find in Horta city. On one side the building faces Horta’s busiest commercial street, just across from the post office and City Hall, on the other it has wide open windows over the waterfront avenue, with a splendid view of the bay and across the channel to Pico island. This is the centre of the centre of Horta city, perfect for any business venture or to create a beautiful large townhouse.

This is the sort of investment that can create a solid value for the future. City centre properties are always on high demand and this large building is in a fantastic location, right on the waterfront and by a busy street. Neighbouring buildings are also being renovated as the area is transforming and developing. Contact us for a visit.

Details

  • Property ID: 28264
  • Price: €299,000
  • Property Size: 411
  • Land Area: 137
  • Property Type: Commercial Properties, Residential Properties, Town house
  • Property Status: For Sale

Address

  • Address Rua Serpa Pinto
  • Town Horta
  • Island Faial
  • Area Matriz
  • Country Azores Islands

Contact Information

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Laurentius Metaal
  • Laurentius Metaal

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Laurentius Metaal
  • Laurentius Metaal