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Quinta do Covo – A Unique Property with Residential, Tourism, and Industrial Potential

€16,000,000
  • ~2,640,000 m² Total surface
  • ~2,559 m² Living area
  • ~2,640,000 m² Plot surface
  • Completion expected June 2026

Description

Quinta do Covo, located in Oliveira de Azeméis, represents a truly unique investment opportunity in the national landscape. With an approximate total area of 264 hectares, spread across 48 rural and urban land registry entries, this property stands out for its exceptional scale, its historical heritage, and its extraordinary development potential. The origins of Quinta do Covo date back to the 14th century, having played a relevant role over the centuries in the economic and social history of the region. Among its most notable historical milestones is the fact that it hosted the first glass factory in the Iberian Peninsula, a legacy that reinforces the uniqueness and heritage value of this asset. Its central core includes a social area of great architectural and functional relevance, comprising the main manor house, private chapel, riding arena, garages, workshops, caretaker’s house, support sheds, swimming pool, gardens, yards, kennels, and various storage spaces. This built ensemble contributes to the property’s historic identity and complements its multifunctional vocation. The most emblematic element is the coat-of-arms manor house, together with the adjoining chapel, whose current configuration dates back to 1850. This ensemble preserves the manorial character of the period and constitutes an important architectural and cultural testimony. The manor house is arranged over several levels—sub-basement, basement, ground floor, and noble floor—the sub-basement being intended for storage and the remaining floors for residential use. The construction features high-quality traditional solutions, combining stone masonry, timber structure, and ceramic tile roofing, and is set within an area of approximately 12 hectares, surrounded by gardens and green spaces. The forestry component is also significant and is currently under the management of “The Navigator Company,” ensuring sustainable, professional, and environmentally responsible exploitation of forest resources, enhancing the estate’s natural heritage and its long-term economic potential. However, the true highlight of Quinta do Covo lies in its strong urban-planning and territorial development potential. The property includes around 9 hectares of land classified for construction, located in the northern area, with capacity for the development of up to 84 detached houses, in accordance with the applicable planning parameters. Within this area, a subdivision plan covering 36,300 m² has already been approved, intended for the construction of 34 single-family houses, constituting an immediate real estate development opportunity. This project favors low-density occupation, with four-front houses, high levels of privacy, and landscape integration, benefiting from excellent sun exposure and open views over the Covo Valley. The plan also includes complete infrastructure, green areas, leisure zones, a playground, streets, and shared-use spaces, promoting a balanced, high-quality residential environment. Proximity to the A32 and the main urban centers of the region further enhances the attractiveness of this development for families and qualified professionals. In parallel, a study is nearing completion for the creation of an Industrial Park of approximately 100 hectares, at the southern end of the property, in coordination with the Municipality of Oliveira de Azeméis. This project may become one of the region’s most significant hubs of economic development, benefiting from its strategic location and excellent road access. Due to its size, strategic location, historical relevance, and versatility of use, Quinta do Covo stands out as an exceptional real estate asset, capable of accommodating residential, tourism, hotel, agricultural, equestrian, forestry, industrial, or mixed-use projects. This is a rare opportunity in the Portuguese market, with high potential for long-term appreciation and transformation.

Features
GardenSea/Lake viewSecurity systemOpen view
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Engel & Völkers Porto Foz

Your advisor: Francisco Barbosa

Property ID: W-04A7PF

Property details
  • Object type

    Special property

  • Parking spaces

    20

  • Total surface

    ~2,640,000 m²

  • Living area

    ~2,559 m²

  • Plot surface

    ~2,640,000 m²

  • Flooring

    Marble, Stone, Wooden floor

Energy efficiency information
  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Type of heating

    Radiator

  • Energy source

    Electric heating

Location: São Roque, Aveiro District

The location of Quinta do Covo is particularly attractive for both residential and industrial development, benefiting from a strategic position in the municipality of Oliveira de Azeméis, with excellent access to the main road networks in Northern Portugal. From a residential perspective, the surrounding area combines tranquillity, contact with nature and a high quality of life, in a growing area where there is consistent demand for low-density housing and family-oriented types. Proximity to urban centres such as Porto, Vila Nova de Gaia, Aveiro and São João da Madeira makes it possible to combine a more serene lifestyle with quick access to employment hubs, services and educational and healthcare facilities. In the industrial context, the location is also competitive, with efficient connections to the A32 and other key corridors, supporting logistics, distribution and the establishment of economic activities. This regional centrality, together with the availability of large contiguous areas, strengthens the potential to host projects of significant scale and strong economic impact.

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