House for sale in Oliveira (Santa Maria), Portugal

• 1325 m² surface area (14262 sqFt)
• N/C
• 20.91 hectares of land (51.68 acres)
• 5 rooms

Spectacular estate located in the parish of Oliveira, municipality of Mesão Frio, with an area of 21 hectares and river views. It consists of a manor house with 1313.00 m2 of gross construction area and has an approved project for a 4-star Boutique Hotel. Designed by the renowned architect Carlos Castanheira, this project has already been approved. The estimated cost for its completion is 8.5 million for construction and finalization. This project in the first phase will feature 24 accommodation units, with oversized common spaces to accommodate a potential 2nd phase of investment that could increase the accommodation capacity by an additional 16 rooms. The property is just 3 km from the Douro River in the heart of the beautiful Douro Wine Region. The Alto Douro Wine Region is known for its unique landscape and historic wine production, including the famous Port wine. Additionally, the execution of the project includes plans to plant 10 hectares of vineyards for the production of Doc and Port wines. The property offers a truly unique opportunity to be part of the rich cultural landscape of the region and to potentially develop a thriving hospitality business. Considering the location, size, and potential of this property, the price of 2,000,000 seems reasonable given the estimated costs for completing the approved project. With the right vision and investment, this estate has the potential to become a luxurious and profitable Boutique Hotel in a prime location.