Property Development or Tourism Accommodations
This property could be kept as it is right now as a quality private
residence (the present owners now offer holiday lets as this is
their second home); the existing owners poured money into the villa
and grounds in 2004 / 2005 and have lovingly maintained it in excellent
condition, so it is perfect to enjoy selfishly. Or it could be developed
in a number of ways as below. Combined with excellent nearby employment
and business opportunities, the right owners could earn a very
healthy living indeed here. The new council operated camp grounds
being sited just out of view and around the corner past the woodland
making this a perfect location for some more upmarket accommodations.
Tourist Accommodations Business Use: Since 2008
/ 2014 it is now very simple, quick, inexpensive and easy to obtain
a tourist accommodations license in Portugal (see: Alojamento
Local). In fact, you can advertise and take in paying guests
the moment you file your application at the local town hall.
Using the upper floor as a Bed & Breakfast
The top floor of this property
lends itself perfectly for upscale holiday "Bed & Breakfast"
lets. With 2 double bedrooms and a single / twin bedroom, a good
sized shower bathroom, lounge and area for dining / breakfast, its
own access door, together with possibly the best riverfront and
mountain views in Europe, it would be easy to charge tourist families
in excess of €700 Euros per week based on other accommodations
providers in the area (happy to provide links to relevant web sites
upon request, so you can verify this). Nobody else in the area offers
such stunning views, direct river / watersports access, a quality
pool and superb grounds.
Log cabins - Tourist accommodations business
As log cabins do not require the same permits as normal
buildings, it should be possible to put up to 5 good sized log cabins
in the main and upper grounds with plenty of space to spare. Also,
if someone bought the additional adjacent 3200 sqm of land, 4 log
cabins could well be placed there. In addition, if someone bought
the adjacent woodland section the local council is not planning
to compulsory purchase, it is likely permission would be granted
to site perhaps 3 log cabins there too. The property itself also
lends itself to easily converting the lower floor's very large TV
lounge and dining room, outdoor dining area all with large adjacent
kitchen, into a restaurant / dining area for guests. As the local
council intend building a campsite nearby (details on Extra
Building Land page), a very viable tourism / holiday business
with around 12 log cabins could be built / operated here, still
leaving the owners with a large amount of personal living space.
N.B. If you wanted to offer tourism accommodations but on a smaller
scale, thus limiting the effect on your own enjoyment of this property
and its grounds, there is a perfect spot for a large 2 bedroom log
cabin on the upper grounds, next to woodland, views down to the
river, yet screened off by a row of cypress trees from the main
Log cabin costs depend on whether you want to be involved in the
erection / construction / decoration process or have someone come
in and do everything for you. Normally priced in sqm, a small single
bedroom log cabin would be around 25 sqm, a larger 2 bedroom log
cabin around 60 sqm. There are many suppliers throughout Europe
supplying the kits where you or a local builder could erect the
cabins, or you could appoint a supplier to do everything for you.
Based on other holiday cabin lets nearby, a 2 bedroom cabin should
rent out for around €600 Euros per week, while a 1 bedroom
cabin should realize around €450 Euros per week.
If you would like to build something a little more solid, there
is an excellent company CircaMateria
just inside Spain.
Using the lower floor as a restaurant, bar and guest area
The entire lower floor lends itself for use as a guest
restaurant and TV lounge, to offer facilities above and beyond B&B
/ self-catering log cabins. The large dining area / bar area, outdoor
dining area and lounge are served by the main kitchen and utility
rooms of this property. Owners could comfortably live on the middle
floor alone which has its own smaller kitchen and extensive, very
high quality living quarters. The lower floor could easily be separated
off from the middle floor with a door if required.
Additional properties in the grounds (development or tourism)
Because the main 9000 square meters of the grounds is Urbano title,
it is feasible that one or two houses could be built here. In fact,
the current owners toyed with the idea of building an additional
3 bedroom detached house in what is now the vineyard. Their thoughts
were to offer a second property either as a holiday let or long
term rental (there is a very healthy house rental market in Moncao).
If the new buyers took up the option of the Extra
Building Land, perhaps two small semi-detached houses could
be built there for the local rental market without impacting the
villa and main grounds at all.