I had plenty of beers at that coffee shop in the 90's. It was owned by the richest family in Arega. I remember one time negotiating with the owner's wife about buying a crate of beer and guaranteeing I will bring back the plastic crate and the empties. Sometimes one of the drinkers would close the front door when a funeral procession came by on the way to the cemetery.
Wow, this is awesome to read your actual history and experiences, thank you. It was clearly owned by folks with money as its an impressive property that needs life brought back to it. There's loads of houses restored or being restored in the village and this makes me very happy. Thanks for sharing 👍
What a great place! What else a person might need? You could open a cafe right there, and have a beautiful land in the back. It need some elbow grease, but it has plenty of room, even to rent for income. I hope the people that buy it make it shine again!
WOW !!! one of the best you've ever toured for living /. business potential . I'm coming back to Portugal in late February and will contact them for a viewing if its still for sale !!!
110k. (New kitchen $15-20k, new bath $10k, walls etc. +10k, and new roof.) Just to live upstairs. Business might cost just under 20k in the first year (might make 40-80k a year.) A spare building in back of property would cost around $200k+ for renovation, roof beams plaster, mortar, windows, sewer, electric, water. Outbuildings another 100-200k. That's about accurate $500-600k 5-6years in rebuild. You'd need adequate parking if you're looking to make more than 80k a year from that business. If this was on a construction loan to avoid risk.Build time: 6 years and 500-600k.
What for real? no way all that Building and land for that price, yes a lot of work is needed but there has to be a catch for that price, I need win Lotto now so I could snap it up. I'm in the Philippines at moment and you not even get close to that much property for that price here
@@destino2portugal selling portuguese houses to non residents, that just will ressel it short after or start short rental business, will increase dramaticly the local housing prices to a level that became impossible for locals... It happened already in many places in Portugal. Hope that dont happen in that area also. Locals and imigrants living here should be protected. In many places non residents are not allowed to purchase residencial houses. Exacly what Portugal should start to do.
@luisfilipe534 this house has been empty for 20+ years, how much longer does it need to stay empty or should it just fall into the ground like most of the houses in my village?
@@destino2portugal pay attention to what is happening to this country because real estate speculation, and that that is making the new generation to emigrante because they cant afford to buy or a rent a houses in Portugal. Bringing foreign speculators is a disaster to the country. See what happened to Lisbon, Porto and other trendy destinations...
I had plenty of beers at that coffee shop in the 90's. It was owned by the richest family in Arega. I remember one time negotiating with the owner's wife about buying a crate of beer and guaranteeing I will bring back the plastic crate and the empties. Sometimes one of the drinkers would close the front door when a funeral procession came by on the way to the cemetery.
Wow, this is awesome to read your actual history and experiences, thank you.
It was clearly owned by folks with money as its an impressive property that needs life brought back to it.
There's loads of houses restored or being restored in the village and this makes me very happy.
Thanks for sharing 👍
What a great place! What else a person might need? You could open a cafe right there, and have a beautiful land in the back. It need some elbow grease, but it has plenty of room, even to rent for income.
I hope the people that buy it make it shine again!
That's a lot of houses and land for the money. Arega is a lovely village. Great video, thanks, Vitor & Nick
A lot of property for the money. Thank you for sharing 🙏👍
Thank you, Nick and Vitor, for sharing this interesting property! 🫶👍💕
Wow, when you said the price for all that I was amazed, it would probably take the same again to do the immediate work but still, what a property
So much potential, thank you!
Lots of rentals are possible, a business, the main house and the farm. Good property! Good price!
WOW !!! one of the best you've ever toured for living /. business potential . I'm coming back to Portugal in late February and will contact them for a viewing if its still for sale !!!
Awesome, I think it's a cracker! The river beach is stunning too, I forgot to include the footage 😳
Amazing price... Incredible Location!
Good price ! Thank you 🌺
That property is well lush, 😊 thanks Nick 😉
Ok....I need 4-5 other families to go in and create a Blue Zone property here. Please respond! This plus 500k and we'll have a good mine.
Wow this property is amazing!
A great business investment, i would think you would need at least 500,000 Euros to make this a fully operational business
110k. (New kitchen $15-20k, new bath $10k, walls etc. +10k, and new roof.) Just to live upstairs. Business might cost just under 20k in the first year (might make 40-80k a year.) A spare building in back of property would cost around $200k+ for renovation, roof beams plaster, mortar, windows, sewer, electric, water. Outbuildings another 100-200k. That's about accurate $500-600k 5-6years in rebuild. You'd need adequate parking if you're looking to make more than 80k a year from that business. If this was on a construction loan to avoid risk.Build time: 6 years and 500-600k.
Historic properties mean lots of headaches and problems when it comes to restoring and getting building permits 🤔
Nice!
This is great if you have $200k lying around and about 2 yrs free time
Nick I think there is an error in the drawing of the contour, in the back street the wrong roof is included and the right roofs aren't.
Thank you for pointing this out, if you need clarification then email Vitor at info@imoxisto.pt
Is this property still availabe is the furniture included in the selling price and lastly do u know the anual rates if any
Thank you
Tony
It is Tony! Email vitor for the answers you need 👌
Thanks Nick you been so helpfull
How far away is the cemetery from the property?
What for real? no way all that Building and land for that price, yes a lot of work is needed but there has to be a catch for that price, I need win Lotto now so I could snap it up.
I'm in the Philippines at moment and you not even get close to that much property for that price here
No catch, on the road is the only downside I can see 👌
Even if it's a quiet country lane.
Is all the property registered lovely property needs work but still gd for its price
Thank you
tony
It's all on the paperwork, yes Tony.
Thanks Nick
Does the shop have a grandfather's license?
I don't know the answer to this, if you email Vitor he can answer it correctly.
I think I have seen this property in another video
maybe a year ago.
Different real-estate broker.
Available?
Yes
Shame about the cemetery and is that a monastery??
Too big, but good price
Real estate speculation by foreigners is making impossible for locals to buy or rent a house
Vitor is Portuguese, his boss, Fernando Duarte is Portuguese, we are simply helping Portuguese businesses to be more successful.
@@destino2portugal selling portuguese houses to non residents, that just will ressel it short after or start short rental business, will increase dramaticly the local housing prices to a level that became impossible for locals... It happened already in many places in Portugal. Hope that dont happen in that area also. Locals and imigrants living here should be protected. In many places non residents are not allowed to purchase residencial houses. Exacly what Portugal should start to do.
@luisfilipe534 this house has been empty for 20+ years, how much longer does it need to stay empty or should it just fall into the ground like most of the houses in my village?
@@destino2portugal pay attention to what is happening to this country because real estate speculation, and that that is making the new generation to emigrante because they cant afford to buy or a rent a houses in Portugal. Bringing foreign speculators is a disaster to the country. See what happened to Lisbon, Porto and other trendy destinations...
to big to much rubbish to move