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Property description
Local Accommodation / 4 stars / Cais de Gaia / Fully refurbished / 6 units The result of a recent major refurbishment, the Estrela de Gaia Local Accommodation is located in the heart of the historic Cais de Gaia, just 100 meters from the Douro River with a privileged view over the historic center of Porto. Within walking distance of various points of interest in the city such as the World of Wine,Local Accommodation / 4 stars / Cais de Gaia / Fully refurbished / 6 units The result of a recent major refurbishment, the Estrela de Gaia Local Accommodation is located in the heart of the historic Cais de Gaia, just 100 meters from the Douro River with a privileged view over the historic center of Porto. Within walking distance of various points of interest in the city such as the World of Wine, the Port Wine Cellars, Serra do Pilar, the Historic Center and the D. Luís I Bridge. With excellent sun exposure, Estrela de Gaia consists of 6 units. A 90sqm commercial space on the first floor and 5 modern one-bedroom apartments with interior areas ranging from 61 to 85sqm and exterior areas of 11 to 33sqm (balconies and terraces) with absolutely stunning views.
This project was developed to meet high standards of comfort adapted to the location of the plot, and the terrace/balconies were designed as an extension of the living area, extending the space into the landscape and taking advantage of the natural light. The quality finishes, designed to provide safety and comfort, convey a unique sense of relaxation. As a result, the occupancy rate is around 80% in low season and 98% in high season. This property is set in a unique environment with an excellent range of leisure areas and tourist attractions, such as the cable car, just an 8-minute walk away. It´s typical streets offer a wide range of traditional stores, supermarkets, parking lots, shopping centers, restaurants along the riverside and the famous Port Wine Cellars. Good accessibility and a wide range of public transport, including trains, metro and buses. The building can be sold with all the equipment and furnishings ready to continue being rented out. An unmissable investment opportunity with a much higher than average return. For more information on the associated yields, please contact me! General features: • - Building with 4 floors; • - Elevator; • - First floor: • - Street shop/commercial space on the first floor although it is prepared for catering with independent entrance. • - Reception area, storage area and laundry. • - 1st and 2nd floors: two one-bedroom apartments with 61sqm of gross private area and 21sqm of gross dependent area. • - 3rd floor: one-bedroom apartment with 61sqm of gross private area and 11sqm of gross dependent area and one-bedroom apartment with 85sqm of gross private area and 11sqm of gross dependent area. • - 4th floor: one-bedroom apartment with 75sqm of gross private area and 33sqm of gross dependent area. (ref PE-[hidden information])
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