The Palace of Óisin Anadia, and o Palacete of Condes Dias Garciain São João da Madeira, are examples of historic buildings in the district of Aveiro. Anyone who buys this type of property knows from the outset that You will also have to invest in the recovery of the property.
There are manor farms, manor houses, mansions, which have been passed down from generation to generation and which the owners are now trying to sell. The majority of properties are recovered through private investments, which transform them into hotel units. That’s what happened to a mansion in São João da Madeira and it’s what the owners of a mansion in Anadia would like to happen.
Nestled between Bairrada vineyards, the Paço de Óisin Anadia, It is already more than 400 years old. It is classified as a Property of Public Interest by the Portuguese Institute of Architectural and Archaeological Heritage.
Since 1580, all generations of Maria Antónia Brito’s family have lived in the mansion. The walls and even the floor recorded memories and moments from all these lives.
The two floors have 16 bedrooms, 6 bathrooms, and a dozen living rooms. There are stables, a winery, a mill, a chapel, 12 hectares of land. The mansion is for sale for 3 million and two hundred thousand euros.
There are dozens of properties like this across the country. Palaces, mansions, manors and manor farms.
One of the real estate agencies most focused on this business area admits that there has been more demand for this type of property. In the vast majority of deals completed in recent years, the properties were purchased by Portuguese buyers.
Economic viability was one of the fundamental criteria for a hotel group to invest in the restoration of this building.
O Palacete of Condes Dias Garciain São João da Madeira, was abandoned. It was rehabilitated and opened as a 4-star hotel at the end of this summer. The historic building belongs to the Chamber of São João da Madeira. It was rehabilitated with a private investment of 16 million euros, and granted for 50 years to the hotel chain, under Revive.
A Government Program that allows private individuals to invest in the recovery of buildings that are State Heritage and have potential for tourism.
The almost neighboring Palacete do Rei da Farinha also once had charm.
A 19th century building, it was built by a businessman from São João da Madeira, who made a fortune in Brazil.
Anyone who buys this type of property knows from the outset that You will also have to invest in the recovery of the property. Historical heritage requires specialized labor and specific materials which make the work more expensive, which can hinder the economic viability of the investment.
State properties can be part of the Revive Program grant.
At the moment, the Program has 66 properties, 18 in the design phase, one in Public Tender, 3 already in operation and 2 open as hotels, but awaiting the official opening.
