Property Description

The Location

A Boutique Countryside Resort, located on the heart of the Douro Valley - an UNESCO World Heritage site and, the oldest demarcated wine region in the world.

The property is located in Provesende, a thousand years old years village, and one of the oldest historic villages in Portugal. The village lies in a high plateau with great views, on the north bank of the Douro river. Provesende is one of the six officially acclaimed “wine growing villages” in Douro wine region.

A STUNNING LOCATION
ALL ROOMS WITH A VIEW

• Located in Provesende – Village with 1000 years of history and best preserved of the 6 “wine-growing villages” of Douro
• Located in the heart of the oldest regulated wine region in the world and, a UNESCO heritage region.
• One hour distance to Porto city center and to Porto airport
• 20 minutes drive to the city of Vila Real and to Vila Real airport
• 15 minutes drive to Pinhão for river cruises
• 5 min walk to center of village with shops and cafes

PROPERTY HIGHLIGHTS

• Property certified for Organic Production
• Property with Douro River view, South facing (Best sun exposure - allowing all rooms to be greatly lighted & views.
• Property sits at beginning of the Trek São Cristovão Do Douro – the most scenic walking trail in the region
• LoI from Boutique Hotel operator Marugal
• Relais & Chateaux membership Proposal
• Potencial use of brand CASAS VIVAS - https://www.casas-vivas.com

CURRENT STATUS
THE NUMBERS

• SPV Owned property => Share Deal
• Property area = 11.920 sqm, fully walled, south facing, with fantastic views to the Douro Valley and Pinhão Valley
• GCA = 1.888 sqm => divided in 5 buildings
• Status => Fully Licensed (in July 2024)
• Classification: ‘Hotel-Apartament’
• Registered deed of ‘Fractional ownership’ => Dully qualified for ‘Sale & Lease-back’ of accommodation units
• CAPEX = €6 million
• Possibility of expansion through acquisition of attached properties.

CURRENT STATUS
THE DEVELOPMENT

• Development according to current plan, which can include the “sale & lease-back” of the studios
• Increase number of rooms
• Build 5 houses & Sell to individual owners, with the model ‘Bed & Breakfast’, with the houses being on a short rental model