Renovation Building Grandola, Alentejo.
Plot Size and Built Area
900 sq.m. of commercial and residential areas
1,000 sq.m. on a corner plot
Prime location in the commercial centre and tourist area of Grandola.
Main road and side street frontage.
15 minutes from Pego and Carvalhal Beach.
20 minutes from Aberta Nova and Melides Beach.
20 minutes to Comporta Village.
1 hour from Lisbon International Airport and city.
Near to multiple shops, restaurants and transport routes.
Renovation Building Grandola
A three storey structure with potential for many uses such as a residential development or a boutique hotel.
Much of the current building could be renovated as well as adding new portions to the existing structure.
Currently, there is an interior patio and you have the potential to build an additional floor.
The owner of this property is motivated to sell and will consider all serious offers.
There is now a demand for residential property in the areas surrounding Comporta and Melides.
Grandola is now benefiting from the local resident who are looking to invest their proceeds from sales of their near beach properties.
There is a shortage of suitable residential stock and commercial property.
The foreign buyer now considers Grandola as offering good investment returns for the future.
Due to the influx of foreign investment, tax receipts have increased which has enabled the local authority to modernise its infrastructure.
The public officials at the planning department in Grandola are very efficient and go out of their way to assist. Many of these public officials also speak French, Spanish or English.
This building in Grandola has the potential to benefit from the future growth of the this area and would make an ideal hotel and restaurant with luxury boutiques and cafe.
Asking price €1.25m
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