House T14 in Ribeira Grande with 2 parking spaces

Two Historic Corner Buildings (18th century) for Restoration | Ribeira Grande Historic Center

Located on Rua Nossa Senhora da Conceição, in the historic center of Ribeira Grande, these two adjoining buildings occupy the entire corner between two streets and offer 1,055.51 m² of registered gross construction area, on a combined plot of 860.66 m².

The architectural quality of both buildings, their façade design and traditional features give the property a distinctive identity and strengthen its appeal for restoration. The uppermost floor enjoys sea views, adding to the appeal of the spaces.

Currently in a near-derelict condition and requiring complete restoration, the properties are intended for investors and developers seeking a project with scale, a central location and several possible uses.

The property at numbers 46 to 50 is registered for residential use, with a T7 (seven-bedroom) configuration and four floors. It comprises 554.86 m² of land and 588.01 m² of gross construction area, consisting of 370.98 m² of gross private floor area and 217.03 m² of gross ancillary area.

The property at numbers 52 to 56 is registered for services use, with 18 rooms and three floors recorded in the property tax records, which also mention an attic. It comprises 305.80 m² of land and 467.50 m² of gross construction area, entirely registered as gross private floor area. The property tax description also identifies two rooms designated for garage use.

Together, the properties total 860.66 m² of land, a 458.53 m² building footprint and 1,055.51 m² of gross construction area, comprising 838.48 m² of gross private floor area and 217.03 m² of gross ancillary area.

Combined asking price: €430,000 — approximately €407.39/m² of registered gross construction area.

Access to the interior of the plot is possible through the building currently designated for services. This arrangement allows a private parking solution within the property to be explored.

A review of the zoning map of the Ribeira Grande Municipal Master Plan (PDM) places both properties within an Urban Zone, under the Urban Areas classification. For urban areas within the city, the general planning parameters include a maximum construction index of 2.0, maximum site coverage of 70%, up to four floors and a maximum regulated building height of 12.5 meters. These limits are subject to the specific rules governing the historic center and do not, by themselves, authorize additional construction.

Under the Detailed Conservation Plan for the Historic Area, the properties fall within the Historic Central Areasclassification and have Level 3 protection. The plan permits conservation, reconstruction, alteration and extension works compatible with the existing buildings.

Options that may be explored include residential units for sale or rental, retail spaces, offices, services, mixed uses or a compatible tourism development.

Contact us to arrange a viewing and review the available documentation.

Note: The stated areas are taken from the property tax records. It is important to confirm the possibilities for reconstruction, changes of use, extensions and parking with the municipal planning department, based on a review of the planning documentation and a specific proposal for the properties.