Building For Sale Rua Santa Catarina Residential Students/Project Apartments/Charming Hotel Port

Located on the prestigious Rua de Santa Catarina, just a 2-minute walk from the metro station and in the heart of the city of Porto, this bright and charming building stands out for its versatility and high rental potential.
Composed of three floors plus attic, the property is currently adapted for student accommodation, with capacity for 32 people. On the ground floor, it has two rooms — one with four beds and another with six —, a pleasant lounge area, and sanitary facilities with capacity for five simultaneous uses.
The first floor offers a spacious kitchen with dining room, laundry, terrace, a bathroom also prepared for five simultaneous uses, and a room with ten beds. On the second floor, there is a room with twelve beds and access to the attic, a complete bathroom, and a second room with two beds. All rooms are equipped with a code access system, ensuring greater security and convenience.
This property represents an excellent opportunity for educational institutions wishing to accommodate students, presenting a rental value of €8,000 per month (about €250 per person). It is also available for sale.
With several feasibility studies already conducted — including a previously approved project, although currently expired — this multifaceted building adapts to various solutions, such as a charming hotel, student residence, or reconfiguration for the creation of autonomous units.
Here are the various options:
a) Proposal A :
- Expansion of 1 floor to create 8 units of Apartments/Accommodations
- Area to Reconstruct = 420.00m2
- Area to Build = 95.00m2
- Estimated Reconstruction Value = €1,000 x 420.00m2 = €420,000.00
- Estimated Construction Value = €1,500 x 95.00m2 = €142,500.00
- Total estimated value of works = €562,500.00
b) Proposal B :
- Partial expansion of the existing roof, to create 9 units of Accommodation in Services type Lodging Establishment:
- Area to Reconstruct = 420.00m2
- Area to Build = 30.00m2
- Estimated Reconstruction Value = €1,000 x 420.00m2 = €420,000.00
- Estimated Construction Value = €1,500 x 30.00m2 = €45,000.00
- Total estimated value of works = €465,000.00
c) Proposal C :
- Expansion of 1 floor to create 12 units of accommodation in Services type Hotel Establishment (Hotel 1*)
- Area to Reconstruct = 420.00m2
- Area to Build = 95.00m2
- Estimated Reconstruction Value = €1,000 x 420.00m2 = €420,000.00
- Estimated Construction Value = €1,500 x 95.00m2 = €142,500.00
- Total estimated value of works = €562,500.00
d) Proposal D :
- Partial expansion of the existing roof, to create 6 units of Apartments/Accommodations
- Area to Reconstruct = 420.00m2
- Area to Build = 30.00m2
- Estimated Reconstruction Value = €1,000 x 420.00m2 = €420,000.00
- Estimated Construction Value = €1,500 x 30.00m2 = €45,000.00
- Total estimated value of works = €465,000.00
The calculations presented above are merely estimates. The construction and reconstruction value may vary depending on the solutions adopted for the works, regarding the construction system and finishing materials.
Proposals A, B, C, and D may generate different construction values if the original wooden structures in the floors and roof are utilized.
A unique investment opportunity in one of the most sought-after areas of Porto.