Renting Income Traditional Architecture Building in the Heart of Ponta Delgada

This is one of the finest specimens of the traditional Azorean architecture in the heart of Ponta Delgada city centre. Currently this building is rented to several offices and shops, offering an interesting resilient rentability, being an office centre in the very centre of the historical downtown Ponta Delgada area, making the most of the high foot traffic, the density of shops and services and the great accessibilities of the area. Notwithstanding the current use, the central location and the scale of the building in the local panorama are two good arguments to the transformation of its revenue source from an office rent point of view into one of transforming it into premium residencies, or else as a touristic lodging unit. The acquisition and remodelling work to transform this property into a touristic lodging option can qualify to public subsidies for the investment made. <a href="https://www.mysitec21.com/c21pt/bruno-pinto/en/properties-to-sell/property/Building-generating-Commercial-Income-with-Housing-Potential--Ponta-Delgada-Acores-Ponta-Delgada-Sao-Sebastiao-Acores/1893521" target="_blank">See more details on this property</a>