Vila Real, Vila Real

"the innovative", is a historic building in the center of the city of Peso da Régua. Peso da Régua, is located on the right bank of the Douro River, considered the capital of the Douro, a World Heritage Site, it is one of the most beautiful regions of Portugal. This property, known as "the innovator", represents a unique opportunity for those looking to invest in housing, commerce or tourism in the heart of this vibrant city. Property Features Fully Owned Building with Independent Use Floors and Divisions -Affectation: - Ground floor: Commerce or services. - Upper floors: Housing. - Number of Floors: 4 : Basement, Ground Floor, 1st and 2nd Floors Building Areas: - Total Land Area: 528.00 m². - Implantation Area: 273.00 m². - Public Area: 255.00 m². Confrontations: - North : Rua Marquês de Pombal. - South : Heitor Saraiva Vasques Osório. - East : Rua João de Lemos. -West : Alto Douro Wine Company. Location and Setting Régua Weight Center This historic property is located on a privileged corner between Rua João de Lemos and Rua Marquês de Pombal, in the heart of the city, known for its commercial tradition and accessibility. -Access: - Easy access from Rua José Vasques de Osório, with roads in excellent condition for light vehicles and goods. - It is 3.5 km from the access junction to the A24 (Viseu-Chaves), facilitating regional and national connections. - Excellent proximity to Services in the Surrounding Area: - Cafes, restaurants, supermarkets, schools, pharmacies, banks, local market and petrol station all within 1 km. - Efficient public transport: buses, municipal buses, trains (Douro Line), taxis and ride-hailing. Building Description Original Structure: - Practically square shape (15.5 m x 17.5 m). - Divided into 4 floors: basement, ground floor and two upper floors. - Rear Façade: Direct access to the basement floor due to the natural slope of the land. Patio: - Walled area with two iron gates, one of them for car access. Current State: Due to a fire, the interior was completely destroyed, leaving only the stone facades, which preserve the charm and history of the property. Rehabilitation Potential Despite its current state, "the innovator" has a robust external structure, offering enormous potential for transformation in several projects: - Multifamily Housing: ideal for modern residences in the heart of the city. - Commerce and Services: Exploration of the ground floor as commercial or service spaces. - Tourism: Development of local accommodation projects or a luxury boutique hotel, taking advantage of the tourist appeal of the Douro region. Advantages of Rehabilitation: - Strategic Location: Centrality and proximity to essential services and attractions. - Real Estate Appreciation: Peso da Régua is constantly growing as a tourist and commercial destination. - Environmental Quality: Quiet area without noise pollution, perfect for housing and tourism. A unique opportunity! The recovery of this building can transform it into an architectural and functional landmark of the city of Peso da Régua, with possibilities ranging from residential use to innovative tourist initiatives. With a privileged location, historic external structure and flexibility of use, the innovative company is prepared for a very promising future! To know and better understand the historical richness of this "innovative" building best known in the city of Peso da Régua, as the "Casa dos Fortunatos", I recommend reading this excellent article at the link below #ref: 133227