For sale - Porto Historic Centre | Operational Building, Approved Hotel Project
Ref: TAP01-1697_AK
Ref: TAP01-1697_AK
Porto Historic Centre | Operational Building, Approved Hotel Project
Prime real estate asset in the historic center of Porto, set within one of the city’s highest-demand tourism zones near the Douro River. The property is currently income-producing, with active short-term rental units and a leased commercial space. An approved project for a boutique hotel enhances the asset’s positioning, offering substantial upside in a supply-constrained and high-growth market.
A fully operational income-producing building in one of Porto's most sought-after locations, the Ribeira/São Bento corridor, steps from the Douro River and the city's main landmarks. Renovated in 2019, the property currently runs 7 short-term rental apartments and a leased ground-floor shop, generating cash flow from day one.
Porto City Council has approved an architectural project to convert the building into a 17-room boutique hotel with restaurant, courtyard garden, and rooftop. No planning risk. The approvals are in place. Seller will deliver the turn-key hotel and will take the construction on himself.
A rear office wing is earmarked for the main conversion phase, allowing the existing rental units to continue operating throughout the works with minimal disruption.
POSSIBLE ACQUISITION:
** For €3,700,000: AS IS - building with operating 7 AL Apartments, commercial and co-working spaces.
** For €5,000,000: Delivered turnkey boutique hotel with 17 rooms, restaurant, garden and rooftop.
KEY FEATURES:
** Fully renovated in 2019, excellent condition throughout, 7 furnished & equipped short-term rental apartments with immediate revenue
** Exact areas: 1,004 m² gross, 897 m² usable, 301 m² land
** Municipally approved project for 17-room boutique hotel + restaurant + rooftop with seller to deliver it turnkey
** Leased commercial unit on ground floor with additional income stream
** Solar panels, air conditioning, and central heating already installed
** Private garden, courtyard, and dual building footprint, rare in Porto's historic centre
** Optimal natural light: west/north facade with south/east rear elevation providing daylight throughout the day
** 100% off-market with direct acquisition, no public competition
INVESTMENT CASE
Porto's historic centre has delivered consistent annual property value growth of 12–17% over the past five years. Prime short-term rental assets in the area achieve gross yields of 7–10%. The boutique hotel segment remains undersupplied, heritage regulations prevent new competing developments, making existing approved projects like this one increasingly rare. A stabilized 17-room hotel in this corridor represents a compelling exit to institutional buyers, family offices, or hospitality-focused funds.
Execution of the approved boutique hotel conversion repositions the asset in the premium hospitality segment. Nightly rates for boutique hotels in this corridor are projected to grow 15–20% as supply constraints tighten and luxury travel demand increases.
At €3,700,000 for a fully operational, municipally-approved 1,004 m² building in the heart of Ribeira/São Bento, this asset represents compelling value relative to comparable transactions in the Porto market. The price per usable square metre of approximately €4,124/m² reflects the current market for prime historic centre assets with significant upside embedded in the approved hotel conversion project, which will materially increase both the asset's operational income and its capital value upon stabilisation.
Porto City Council has approved an architectural project to convert the building into a 17-room boutique hotel with restaurant, courtyard garden, and rooftop. No planning risk. The approvals are in place. Seller will deliver the turn-key hotel and will take the construction on himself.
A rear office wing is earmarked for the main conversion phase, allowing the existing rental units to continue operating throughout the works with minimal disruption.
POSSIBLE ACQUISITION:
** For €3,700,000: AS IS - building with operating 7 AL Apartments, commercial and co-working spaces.
** For €5,000,000: Delivered turnkey boutique hotel with 17 rooms, restaurant, garden and rooftop.
KEY FEATURES:
** Fully renovated in 2019, excellent condition throughout, 7 furnished & equipped short-term rental apartments with immediate revenue
** Exact areas: 1,004 m² gross, 897 m² usable, 301 m² land
** Municipally approved project for 17-room boutique hotel + restaurant + rooftop with seller to deliver it turnkey
** Leased commercial unit on ground floor with additional income stream
** Solar panels, air conditioning, and central heating already installed
** Private garden, courtyard, and dual building footprint, rare in Porto's historic centre
** Optimal natural light: west/north facade with south/east rear elevation providing daylight throughout the day
** 100% off-market with direct acquisition, no public competition
INVESTMENT CASE
Porto's historic centre has delivered consistent annual property value growth of 12–17% over the past five years. Prime short-term rental assets in the area achieve gross yields of 7–10%. The boutique hotel segment remains undersupplied, heritage regulations prevent new competing developments, making existing approved projects like this one increasingly rare. A stabilized 17-room hotel in this corridor represents a compelling exit to institutional buyers, family offices, or hospitality-focused funds.
Execution of the approved boutique hotel conversion repositions the asset in the premium hospitality segment. Nightly rates for boutique hotels in this corridor are projected to grow 15–20% as supply constraints tighten and luxury travel demand increases.
At €3,700,000 for a fully operational, municipally-approved 1,004 m² building in the heart of Ribeira/São Bento, this asset represents compelling value relative to comparable transactions in the Porto market. The price per usable square metre of approximately €4,124/m² reflects the current market for prime historic centre assets with significant upside embedded in the approved hotel conversion project, which will materially increase both the asset's operational income and its capital value upon stabilisation.
Property Features
- Air conditioning
- Heating
- Dishwashing machine
- Equipped kitchen
- Fitted wardrobes
- Garden
- Jacuzzi
- Proximity: Airport, Mountain, Beach, Golf course, Shopping, Restaurants, City, Open field, Hospital, Pharmacy, Public Transport, Schools, Public Swimming Pools, Playground
- Built year: 2011
- Floors: 4
- Lifestyle: Historic, Urban
- Terrace
- Kitchenette
- Basement
- Storage / utility room
- Views: City view
- Frontline property
- Double glazing
- Walking distance to beach
- Central location
- Hydrotherapy Bath
- Security door
- Energetic certification: C
- Solar orientation: North, South, West
- Balcony
- Renovation year: 2019
- Rental licence
- Furnished
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