Others - Commercial in Vila Viçosa with virtual tour

Investment opportunity in the historic centre of Vila Viçosa

Urban property comprising two adjoining urban plots, with a total area of 2,472.80 sqm, located at Largo Gago Coutinho and Alameda Henrique Pousão, in Vila Viçosa.

The property is classified as urban land — Central Area, and is covered by the Detailed Plan for the Safeguarding and Enhancement of the Historic Centre of Vila Viçosa, the Special Protection Zone, and the Urban Rehabilitation Area of Vila Viçosa.

According to the Right to Information issued by the Municipal Council, the urban planning framework favours the rehabilitation of the existing buildings, diversity of uses, infill development of the urban fabric, and urban regeneration, while respecting the existing volumes, façades, alignments, materials, and architectural characteristics.

Due to its central location, size, and configuration, this asset offers potential for the development of a multifamily residential project, mixed-use scheme, retail/services, guesthouse, local accommodation, or boutique tourism unit, always subject to project design, official opinions, and licensing.

An increase in the number of residential units may also be considered, provided that the proposed solution does not alter the character of the existing buildings and complies with the applicable regulations.

Note: the Right to Information confirms the urban planning framework applicable to the property and does not constitute project approval.

A distinctive opportunity for investors, developers, or operators seeking to develop an urban rehabilitation project in a historic and strategic location in Vila Viçosa.