Formigosa, Vila Nova de Gaia, Porto 4430

Reference: GVJU-T705. Property on the Left Bank of the Douro River, 10 km from the Foz Located on the left bank of the Douro River, 10 km from the Foz, this property offers a 125-metre riverfront. It neighbours the Quintas da Torre Bela and Fonte da Vinha, and is part of a group of estates along the river, protected by a wall. Access to the river and quay is via a historic ramp, originally vital for the transport of tiles manufactured on-site. The western boundary of the property is the Rua dos Canos, and the estate is encircled by granite masonry walls. The estate is classified as urban land in Vila Nova de Gaia's master plan, with access by both car and boat. Automobile Access: Via de Cintura Interna (A20) Rua do Bolho Rua Padre Leite de Pinho Rua Grupo Recreativo Oliveirense Rua dos Canos River Access: The property's quay is 5 km from Porto's Ribeira and Vila Nova de Gaia's quay. A project with an approved PIP outlines the following development: Renovation of the existing buildings (three residences, a banquet hall, and five annexes, totalling 2, 796 m). Two T3 homes are planned for the northern building, with three T3 homes for the southern building. In the two westernmost structures with threshing floors, a T3 home with a connecting wing is planned. It is less than 30 minutes away from Porto Airport. Key Features: Renovation area: 1, 221.5 m, including 628.6 m for garages and storage. New constructions: 3, 137.5 m, including 631 m for garages and technical areas. Roadways: 6, 894 m. Open space: 12, 801 m. The property is located in an ARU (Urban Rehabilitation Area), which offers significant tax benefits for renovation projects, including reduced property and transfer taxes, as well as VAT deductions on construction work. Energy Rating: In progress #ref:SAVPRT10764-I