Oporto, Oporto, Portugal

Historic building dating back to the late 18th century, documented as having been the residence of renowned Portuguese writer and playwright Almeida Garrett, located in the heart of Porto’s Historic Centre, within an area classified as a UNESCO World Heritage Site.
The property enjoys a privileged dual-frontage position, extending along two streets: on one side, the exceptional Passeio das Virtudes, and on the other, Rua Dr. Barbosa de Castro, adjacent to the rear of the historic Gothic city walls. The building comprises two interconnected volumes and benefits from remarkable views over the Caminhos do Romântico, the Douro River and the historic urban landscape on the southern bank.
An approved architectural project for tourist apartments is in place, comprising 12 accommodation units: five one-bedroom apartments and seven two-bedroom apartments, together with a dedicated commercial unit. The project provides for a total gross construction area of 1,913.77 sq.m., distributed across seven above-ground floors.
The sale of the property excludes the commercial unit, which will be owned by Porto City Council and is intended to become a future museum space dedicated to Almeida Garrett. The acquisition is, however, subject to the future owner undertaking the full rehabilitation of the building, including the works associated with the building as a whole.
The property is surrounded by a remarkable collection of historic buildings, monuments, cultural landmarks, shops, restaurants and essential services, while being within a short walking distance of the very heart of Porto and the banks of the Douro River.
Its location also offers excellent connectivity, approximately 15 km from Francisco Sá Carneiro International Airport and just 1 km from the VCI, providing convenient access to Porto’s wider road network and the main motorways connecting the city to both northern and southern Portugal.
A rare opportunity to acquire a landmark historic property in one of Porto’s most prestigious and characterful locations, combining exceptional heritage value, an approved development project and outstanding tourism and investment potential.