Building for renovation
Large building with extra structures and a nicely sized courtyard in need of renovations in the center of the ancient city of Évora. The entrance to the building is through the medieval city wall!! This is a very rare and unique property and could be a very good investment for short term residencies or even a mini hotel. The property is under market value and the city has almost no new construction, very few properties to buy or even rent now. Many foreigners, tech nomads and ex Lisbonites have moved here in the last few years since the city is a good size, it is beautiful, has many cafes, excellent restaurants, night life and is surrounded by wine country, olive groves and is close to the ocean and rivers, the nature around here is incredible and the Alentejo is greatly growing in popularity in recent years for vacation destinations.
Size: 338 m2
Price per m2: €1065
Double accommodation in the area is about 250 euros per night with an annual occupancy of 67%