Search
Excellent investment opportunity with approved project
Cedofeita, Porto, Portugal
REF: 618437
€690,000
Description
Excellent investment opportunity with approved project. Building intended for the use of Local Accommodation in the accommodation establishment modality, with 9 accommodation units. Extremely well located in one of the most charismatic streets of the city of Porto - Rua De Cedofeita. The Building São Lourenço is located in an area classified in Rua de Cedofeita, union of the parishes of Cedofeita, Santo Ildefonso, Sé, Miragaia, S. Nicolau and Vitória, one of the most important and renowned streets of downtown Porto where the art and imposing architecture that characterizes the city Invicta stand out, in this street we find several buildings built between the seventeenth and twentieth centuries, classified as Public Interest Properties. In recent years Rua de Cedofeita has been the target of a high urban rehabilitation with several high-prestige real estate investments to be developed. The new facades and a greater supply for housing and commerce come to boost life in the city Of Victa. It is a partially pedestrian street lined with the traditional Portuguese sidewalk, in black and white, respecting the original design is the link between Rua da Boavista to Praça Carlos Alberto with a huge extension of pedestrian access, has become an important residential area, is today one of the main commercial axes of the city. The project proposes the expansion of the pre-existing building to the regulatory framework, with the creation of two more floors at the face of the street, as well as its expansion in depth, implying the construction of a new tardoz façade in the alignment of the surrounding buildings. The new design maintains the main granite façade and the walls equally in granite. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto we are based in the sophisticated Boavista district, in Lisbon, in Chiado, one of the most emblematic and traditional districts of the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Excellent investment opportunity with approved project. Building intended for the use of Local Accommodation in the accommodation establishment modality, with 9 accommodation units. Extremely well located in one of the most charismatic streets of the city of Porto - Rua De Cedofeita. The Building São Lourenço is located in an area classified in Rua de Cedofeita, union of the parishes of Cedofeita, Santo Ildefonso, Sé, Miragaia, S. Nicolau and Vitória, one of the most important and renowned streets of downtown Porto where the art and imposing architecture that characterizes the city Invicta stand out, in this street we find several buildings built between the seventeenth and twentieth centuries, classified as Public Interest Properties. In recent years Rua de Cedofeita has been the target of a high urban rehabilitation with several high-prestige real estate investments to be developed. The new facades and a greater supply for housing and commerce come to boost life in the city Of Victa. It is a partially pedestrian street lined with the traditional Portuguese sidewalk, in black and white, respecting the original design is the link between Rua da Boavista to Praça Carlos Alberto with a huge extension of pedestrian access, has become an important residential area, is today one of the main commercial axes of the city. The project proposes the expansion of the pre-existing building to the regulatory framework, with the creation of two more floors at the face of the street, as well as its expansion in depth, implying the construction of a new tardoz façade in the alignment of the surrounding buildings. The new design maintains the main granite façade and the walls equally in granite. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto we are based in the sophisticated Boavista district, in Lisbon, in Chiado, one of the most emblematic and traditional districts of the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Read More
Property on Map
Currency Exchange
Cedofeita, Porto, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €690,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €690,000 | £586,976 | £604,778 | £17,802 |
| Property Price € | €690,000 |
| Minimum cost in the last six months | £586,976 |
| Maximum cost in the last six months | £604,778 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,802 |
Cedofeita, Porto, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €690,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €690,000 | £586,976 | £604,778 | £17,802 |
| Property Price € | €690,000 |
| Minimum cost in the last six months | £586,976 |
| Maximum cost in the last six months | £604,778 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,802 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £17,802 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
