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What investment opportunities are available for a 20-room mansion in northern Alentejo?

House in Cano

ref. PDBED003A
730.000€ 595.000€
  • E
  • 10
  • 2
  • 1.800m2
  • 24.500m2

This remarkable 20-room mansion in northern Alentejo presents an exciting investment opportunity for serious buyers. With a generous plot of 2.4 hectares, this property not only provides ample space but also the potential for various income-generating ventures such as converting it into a guest house. Given its historical charm, built in the 1920s, the mansion’s renovation could yield an impressive ROI due to its expansive living area of 1,800 m2, positioned in a picturesque yet accessible countryside location near Sousel.

The estate boasts desirable features including traditional design elements, outbuildings of significant size, and scenic countryside views. The main building requires substantial renovation, allowing investors to customise it according to modern tastes while preserving its unique character. Moreover, its proximity to Estremoz and Évora, as well as being a short drive from Lisbon and the Spanish border, enhances its appeal for tourism and potential rentals.

Investors will benefit from the well-established historical popularity of the region as a holiday destination. The local lifestyle offers a blend of tranquility and cultural richness, making it an attractive retreat for visitors. Such a property can also cater to large families looking for a permanent residence or as a lucrative bed-and-breakfast setup.

Don't miss the chance to explore this investment proposition today. Contact us to schedule a viewing and discover the full potential of this mansion!

Usage
Residential
Type
House
Town
Cano
Parish
Sousel
Municipality
Sousel, Portalegre
Region
Alentejo (North)
Construction Year
1920
Rooms
20
Bedrooms
10
Bathrooms
2
Floors
2
Furnished
Fully
Living Area
1.800 m²
Usable area
1.963 m²
Plot Area
24.500 m²
Parking Places, Garage
Fully Furnished, Fireplace
Rustic
Fully Furnished
1 En-Suite, 1 Family Bathroom
Private, Fenced, Walled
Outbuilding
Countryside View
. Living area: 1.800 m2
. Construction Area: 1.963 m2
. 20 rooms on two floors
. 2 bathrooms
. Near village

This property was built in the 1920s and has been occupied by the same family until 2018. The main building has a footprint of more than 1000m2 but it is in need of a lot of renovation. It is ideal for a big generation family or an investor to convert it into a beautiful running guest house.

The property also has outbuildings:
Connected to an outbuilding of 63,80 m2 adjacent to the house, also with one floor, with a kitchen and two rooms. There is also a service corridor that leads to a small terrace on the first floor and to another outbuilding.

There is also a shed of 85 m2 and a barn of 113,80 m2.


Amenities

Log burner
Well

Location

20 km to Estremoz
45 minutes drive to Evora
2 hours drive to Lisbon
45 minutes to the Spanish border

Other Info

Charming old property in need of a lot of renovation
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