Description
Building in Cedofeita - 11 Apartments renovated and ready for Local Accommodation
A unique investment opportunity in Cedofeita (heart of Porto). A historic, carefully renovated, bourgeois-style architecture from the early nineteenth century, consisting of 11 fully furnished and equipped apartments, some of them with balconies.
The property is ready to operate as local accommodation, with the license application already submitted and works completed in the greatest detail. It does not require any additional intervention, so it is prepared to generate immediate income.
Located in Cedofeita, one of the areas with the highest demand for Local Accommodation, this building is in a privileged location, in the heart of the city, surrounded by urban life, diversified cultural offer, dynamic commerce and excellent connections to public transport. With a high tourist flow and all amenities at the door, it represents a unique investment opportunity especially in the short-term rentals segment, ensuring immediate profitability and consistent occupancy.
This property also stands out for its classic nineteenth-century architecture, which preserves all the charm and authenticity of the time and for its integration into the Local Accommodation market, with the ongoing licensing process being fully furnished and equipped. Ready to use without the need for works, it offers immediate yield potential.
About 71% of the AL are located in the Union of parishes of Cedofeita, Santo Ildefonso, Se, Miragaia, Sao Nicolau and Vitoria.
The occupancy rate in this area was 95% to 100%, between April and October 2024.
This is an ideal opportunity for investors looking for an AL portfolio with quality, quick return and low need for management or remodelling.
Castelhana is now Dils.
With over 25 years of experience in the Portuguese property market, Castelhana has joined Dils an international real estate company with more than 50 years of history and a presence in Italy, the Netherlands, Spain, and Portugal.
Under the Dils brand, we continue to provide expert consultancy, sales, lettings, and residential property development services. Our dedicated team is here to support your next investment, with offices in Lisbon, Estoril, Comporta, Porto, and the Algarve.
When the world changes, it's time to rewrite the rules.
It's time to imagine your future space.
Energy Rating: C
