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Large waterfront property for recuperation in center Horta

€ 130.000 negotiable

We are offering one of the earliest buildings in Horta. The original house was constructed in the 17th century and has a very unique facade for the city. This building runs from Rua Walter Bensaude 9 on the main street all the way to the other side which is on the waterfront of the city. It’s location is unique….there simply is nothing for sale on this location.

This is not a project for the amateur builder. The property is wedged between two ruined houses and it needs to be registered as a restoration project. The municipality of Horta is willing to financially aid people willing to undertake a restoration with grants up to 45% of the value of the property and costs of recuperation. Low VAT rates can also apply on the construction as well as other grants if the project is appointed as a special project for the city. A lot of possibilities for someone who wants to make a difference.

This is a typical project in which the client would hire the services of a construction engineer and work with him to bring this project to fruition. We have the contacts for buyers to set up such a project.

What you will end up with is a unique house consisting of retail or office space in the main  street, two floors for two apartments on the main street. Commercial space on the ground floor on the waterfront and two floors for studio apartment on the waterfront as well as an attic. You could make a terrace on the top floor. Rental income would be good as there is hardly any rental properties on this location available.

Buyers should discuss with the construction engineer first before making an offer.

Contact us for more information

City:
Area:
State/County:
Zip: 9900-142
Country: Portugal
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Property Id : 5740
Price: € 130.000 negotiable
Property Size: 320,00 m2
Property Lot Size: 111,00 m2
Rooms: 6
Bedrooms: 3
Bathrooms: 2

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