Description
Large building to be rehabilitated in the Historic Center of Ponta Delgada
IMPORTANT NOTE:
THIS TRANSACTION REFERS TO THE ASSIGNMENT OF ALL THE HEREDITARY SHARES, CARRIED OUT BY ALL THE HEIRS, FOCUSING ON AN INHERITANCE WHOSE ONLY ASSET IS THE BUILDING DESCRIBED HEREIN.
Centenary building located in the heart of the city of Ponta Delgada, in the parish of Sao Sebastiao, one of the most central, consolidated and valued areas of the city. The location favours immediate proximity to public services, diversified commerce, restaurants, hotel units, cultural facilities, gardens, public swimming pools, port and marina, making this property especially suitable for residential, tourist or mixed-use projects.
The building is developed on three floors ground floor, 1st and 2nd floor and benefits from several independent entrances from the public road. It also has generous outdoor areas, namely two patios on the ground floor and a terrace on the 1st floor, outstanding features in the heart of the urban centre.
Due to its strategic location and configuration, this property has high potential for appreciation, being adaptable to different types of investment, such as:
Mixed-use project (housing and commerce), with commerce or services on the ground floor and creation of several housing units on the upper floors, ideal for income-oriented investors.
Housing project, allowing the creation of several fractions (T0 to T3) or the development of a large single-family house, preserving original architectural elements.
Tourist project, with strong potential for conversion into premium local accommodation, boutique hostel or tourist apartments, benefiting from the proximity to the main points of interest in the city.
Any intervention or change must be previously submitted to the Municipality of Ponta Delgada for consideration.
Current building configuration:
Floor 0 - Main facade divided into three independent sections: former hairdresser in open space with storage, dressing room, two toilets and access to the patio; central area with vestibule, several storage rooms, stairs and corridor with connection to the outside; and a third section adapted to a T0 flat with kitchenette and toilet. In the rear area there is a large backyard that leads to an old stable, additional storage and a second patio, previously landscaped, with trees.
Floor 1 - Distribution hall, hallway, office, living and dining rooms, kitchen with access to the terrace, laundry, bathroom, two bedrooms and several storage rooms.
Floor 2 - Hall, four bedrooms and a large bathroom.
Although some areas are currently classified as dependent gross area, there is potential for their conversion into private gross area, through appropriate design.
The building preserves typical elements of Azorean architecture, such as stone walls, high ceilings in several rooms, basalt floors on the ground floor, wooden floors on the upper floors and traditional stone arches. The property needs recovery and rehabilitation works.
Areas:
Plot: 660 m²
Location: 405 m²
Construction: 960 m²
Gross Private Area: 759 m²
Gross Floor Area: 201 m²
Uncovered Area: 255 m²
Energy Certification: Waived, under the terms of article 4 of Regional Legislative Decree no. 4/2016/A, of 2 February.
CONTACT US for MORE INFORMATION or to schedule a visit.
Energy Rating: Exempt
