Casa E Quinta Da Igreja Renovation Project For Sale In Braga

Description

Casa e Quinta da Igreja Renovation Project For Sale In Braga Portugal

Esales Property ID: es5554767

Casa e Quinta da Igreja

CM1297 51, 4710 Santa Lucrécia de Algeriz, Portugal

An Extraordinary Investment: The Paço da Igreja Renovation Project in Braga

A Once-in-a-Lifetime Opportunity to Own a Piece of Portuguese History

Step into a world of unparalleled heritage and architectural significance with the Paço da Igreja, a magnificent renovation project for sale in Braga, Portugal. This isn’t just a property; it’s a living monument, offering a unique chance to acquire and restore a piece of the 18th-century Baroque architecture that defines this historic region. Situated just 8 kilometers from the vibrant city center of Braga, this project combines a rich historical legacy with a dynamic future, making it an extraordinary investment for discerning developers and private individuals alike.

This property, a consolidated monolithic structure in Braga, Portugal, offers versatile potential for a buyer to develop it into a luxury condominium with 12 to 15 flats or an event and party venue, benefiting from excellent expressway access to the city center and major highways. The building has undergone significant and expensive work, including the installation of concrete and iron slabs, an elevator, and a new roof, with over €600,000 already invested in its reconstruction. With a total land area of 32,000 square meters, the sale of the property is largely exempt from taxes like IMT and IMI, except for a small portion classified as 'Rustic,' and all reconstruction work qualifies for a reduced VAT rate of only 6%. While the current state has no defined bedrooms or bathrooms, the interior walls are easily reconfigurable to suit the buyer’s vision, allowing them to fully customize the space.

The Paço da Igreja: A Monument of Public Interest

Dating back to the early 1700s, the Paço da Igreja was originally built by the esteemed Castro family and stands as one of the first examples of Baroque architecture in Braga. Today, this architectural gem is recognized as a Monument of Public Interest (MIP) and is located within a Special Protection Area (SPA), ensuring its historical value is preserved for generations. The project is a commitment to a sensitive and rigorous restoration that honors the building’s original design, while integrating modern requirements to create a truly exceptional and functional space.

The property spans an impressive 32,000 m2, offering an expansive canvas for a grand development. This includes the main palace, the Paço da Igreja, and several other structures, each with its own unique character:

* Solar: A grand structure with a gross area of 2,000 m2 across four levels, ripe for transformation into a magnificent residence, hotel, or corporate headquarters.
* Casa da Eira: A charming building spanning 750 m2 over two levels, ideal for a private home or guest accommodations.
* Casa da Azenha: A two-level, 150 m2 structure nestled by a serene creek and pond, perfect for a cozy retreat.
* Casa da Nascente: A 250 m2 building across two levels, offering a fantastic opportunity for a standalone residence or part of a larger complex.
* Igreja: An additional structure with a gross area of 150 m2 across four levels, offering unique possibilities for use.

Unlimited Potential for Development

This project offers remarkable versatility for a wide range of uses, from a stunning private estate to a lucrative commercial venture. The zoning allows for flexibility, with the option to de-allocate a strip of land in the National Agricultural Reserve (RAN) to build a tourist resort. This provides a rare opportunity to develop a comprehensive luxury tourism project, such as a boutique hotel, a wellness retreat, or an exclusive resort, all within a historically protected setting.

The property’s strategic location and historical significance make it a prime candidate for a Cultural Golden Visa, a program that grants a residence permit to non-EU citizens in exchange for a significant investment in Portuguese cultural heritage. This program provides a clear pathway to permanent residency and citizenship, making this project an even more attractive prospect for international investors.

The Heart of a Dynamic Region

The Paço da Igreja is located in Braga, one of Europe’s most dynamic and youthful cities. With two thousand years of history, Braga is known as the religious capital of Portugal, home to the magnificent Braga Cathedral and the 'religious triangle' of sanctuaries: Bom Jesus do Monte, Santa Maria Madalena da Falperra, and Nossa Senhora do Sameiro. These landmarks attract thousands of tourists annually, guaranteeing a steady stream of visitors and a built-in market for a tourist development.

Braga has a quality of life well above the national average and has been recognized as one of the best c