Engel & Völkers
Bright living room with white walls, wood floors, and large windows. A gray sofa with orange pillows sits on a blue rug. A wooden bench and cabinet add warmth.

Fully refurbished Guest House with 11 Apartments

€3,300,000
  • 21 Rooms
  • 15 Bedrooms
  • ~795 m² Total surface
  • ~626 m² Living area

Description

The building, located in one of the most emblematic arteries of Porto's historic centre and forming part of the ARU and therefore a classified urban front, was built in the 19th century when Rua de Cedofeita was widened at the end of the Almadino period. The building is being sold with a horizontal property and a Local Accommodation (LA) licence. All the flats are fully furnished and equipped and ready to use. In total we have 626 m² of usable area, with a further 169m2 outside. The 1st and 2nd floors are subdivided into four self-contained flats of typologies T0+1 and T1, separated by a common staircase. On the top floor we have a 2-bedroom apartment that overlooks the two fronts and two studio apartments. On this floor, the wooden beams that support the roof have been restored and painted. We highlight high-quality finishes such as marble on the kitchen worktops, pre-installation of air conditioning, they kept the existing fireplaces and recovered everything in terms of carpentry, maintaining the building's characteristic charm, but with reinforcements in acoustic and thermal insulation. There are still several balconies in the flats and access to the terrace on the first floor. With wide views to the west, it stands out for its excellent refurbishment with quality materials and privileged location, close to all kinds of services, transport and access.
Features
BalconyBuilt-in kitchenTerraceOpen viewFurnished
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Engel & Völkers Porto Foz

Your advisor: Francisco Barbosa

Property ID: W-030FHP

Property details
  • Object type

    Detached House

  • Condition

    Very good

  • Rooms

    21

  • Bedrooms

    15

  • Number of Floors

    4

  • Total surface

    ~795 m²

  • Living area

    ~626 m²

  • Flooring

    Marble, Wooden floor

Energy efficiency information
  • Construction year

    1890

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Type of heating

    Radiator

  • Energy source

    Heat pump

Location: Porto, Porto District

Investing in Porto's Rua de Cedofeita can be an excellent option for a number of reasons, from an economic, cultural and tourist point of view: 1. Privileged location Rua de Cedofeita is located in the heart of Porto, close to strategic points such as: Baixa do Porto (shopping and historic centre); Bairro das Artes (galleries, ateliers and culture); Avenida dos Aliados (political and business centre); Zona da Boavista (modern and business). This guarantees high demand for residential and commercial property. 2. Constant property appreciation Porto has seen strong property appreciation in recent years, especially in central areas such as Cedofeita. With the increase in tourism and the shortage of properties in the historic centre, prices continue to rise. 3. Growing tourism Rua de Cedofeita is one of the busiest streets in the city, attracting: Tourists (close to places like the Torre dos Clérigos and Livraria Lello); Traditional and modern commerce (design shops, hipster cafés, restaurants); Cultural events (festivals, exhibitions, art fairs). This makes the region ideal for investing in local accommodation (LA), shops or commercial spaces. 4. Infrastructure and transport: Excellent access to metro and buses; Easy travelling to other areas of the city; Proximity to universities (such as the University of Porto), attracting students and young professionals. 5. Culture: Rua de Cedofeita is known for its vibrant atmosphere, with: Bars and restaurants, many award-winning; Shops selling local designers and street art; Fairs and markets (such as the Mercado Temporário de Cedofeita). This attracts both locals and tourists, ensuring constant movement. 6. Opportunity for Various Types of Investment: Properties for renovation; Local accommodation (Airbnb, hostels) due to the high tourist flow; Shops and commercial spaces (with demand for creative businesses and gastronomy); Offices and coworking spaces (for freelancers and startups).

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