Building in the centre of Colares with apartments with local accommodation license and consisting of 10 units. Exploration in LA may be continued Great Investment Potential: With 10 autonomous fractions, including 5 local accommodation units already licensed, this building offers a unique investment opportunity. Whether it’s to continue a successful business or turn it into a personal retreat, the possibilities are endless. A building with 3 floors plus 2. Are you looking for an oasis of serenity where history meets nature? Discover the charm of Colares, Sintra, with this building brimming with character and potential. Exceptional Location: Situated a stone’s throw from the historic centre of Sintra, this building is a gateway to a world of natural beauty and cultural heritage. Less than 15 minutes away, you can immerse yourself in the history of Sintra or feel the Atlantic breeze on stunning beaches. Tranquility Guaranteed: In Colares, time seems to stand still. The beauty of its beaches such as Ursa beach, big beach Don’t miss the chance for consolidated investment Great opportunity awaits you! Book your visit! Necklaces Located at the foot of the Sintra Mountains and very close to the sea, the village of Colares is extremely pleasant and has long sought after as a summer resort. Colares is also a demarcated wine region, where the much appreciated and nowadays increasingly rare Colares Wine is produced, which can be tasted at the Regional Winery, installed in a beautiful building in the centre of the village. Right next to it is the tram station that in the summer months connects Sintra and Praia das Maçãs. In the vicinity, the beaches of Maçãs, Praia Grande, Praia da Adraga and the typical town of Azenhas do Mar stand out, with its white houses embedded in a cliff. #ref:EDI_521
Apart Hotel to renovate with approved PIP PROPERTY IN ITS CURRENT STATE: The property consists of 2 side-by-side buildings and an open plot of land (backyard). The external load-bearing walls are in excellent condition. Renovation works started. This property was acquired with an approved preliminary project (PIP) for the construction of 6 large residential apartments, an in-depth analysis of the business model was carried out. This analysis found an efficient way to improve the project considering the following: SUMMARY OF THE BUSINESS CONCEPT: Reconstruction of existing properties into Apart Hotel, consisting of 26 independent units (apartments and commercial spaces) for separate sale to small end investors. Additional revenues are also expected from the operational management of the property and related businesses. The characteristics of the investment project are high profitability and ease of future resale. Prime Location: Located in the historic center of Sintra, this property represents a strategic investment choice, maximizing its global appeal. Sustainable Tourism Growth: The local tourism industry is popular with more than 5 million tourists a year and growing every year. This provides investors with the guarantee of lasting allure and sustained returns. Exclusivity: There is only a finite amount of real estate in the historic center and it is protected by regulations that restrict development. This limits the supply of new properties and makes existing properties more valuable. The demand for properties in the historic center is also high, which drives up prices even further. As a result, properties in the historic center are highly sought after and exclusive. Accommodation Deficit: The ongoing shortage of tourist accommodation presents a lucrative niche market for investors, ready to satisfy this demand. Interest of the Municipality: The municipality supports the recovery of the historic center of Sintra (ARU zone), and offers tax benefits to developers (6% VAT instead of 23%). Untapped Area Potential: This property offers significant untapped potential as its previous design underutilized existing space. By exploring the unused area, but maintaining the same construction volume, the investor significantly increases the project’s ROI. Ideal Business Model: Short-term rentals in this prime location generate the most revenue per square foot, making it a profitable and sustainable investment. Furthermore, dividing the property into smaller units increases financial flexibility and reduces risks. NEW PROJECT: The new project involves the comprehensive reconstruction and remodeling of an ApartHotel building with 22 small individual apartments and 4 commercial spaces (26 units), respecting the construction volume and previously approved project height (PIP). The project is ready to be submitted to the Municipality’s analysis and approval process. #ref: 112521
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