Building in Vila Nova de Gaia with virtual tour

🏛 Building for Rehabilitation | Cais de Gaia – Rua Cândido dos Reis

📍 Historic center of Gaia | 💶 €850,000 | 📐 Up to approx. 955.30 m² | 🧱 Property registry: 1937

Located on the former Rua Direita, just steps from the Cais de Gaia, this corner building is part of one of the oldest urban fronts in the city. Now known as Rua Cândido dos Reis, this street was, until the 19th century, the main route connecting the city to the Douro River — and remains one of the most valuable areas of Vila Nova de Gaia.

The property is within the ARU (Urban Rehabilitation Area), offering urban and fiscal incentives for restoration. With four façades (North, South, West, and East from the 2nd floor upward), it enjoys excellent sunlight exposure, balconies overlooking the WOW, and an unobstructed view of the Dom Luís I Bridge from the 2nd floor.

🧱 Original Architectural Features Preserved

Although the registry indicates 1937, architectural analysis revealed construction elements typical of an earlier period, possibly dating to 1867, including:

• Traditional eaves with carved stone brackets
• Wrought iron balconies
• Dormer window in the roof
• Glazed saint niche on the main façade

These details give the building a unique character, ideal for those who value authentic rehabilitation.

✍️ Technical Rehabilitation Studies (not submitted)

Two architectural feasibility studies were conducted, both proposing:

• 2 commercial units on the ground floor
• 3 existing residential floors + 1 additional floor (to be built)

➡️ Estimated total: 10 to 14 units (2 shops + 8 to 12 apartments)

📊 Area Overview

📄 Registered cadastral area: 480 m²

📏 Estimated built area: approx. 745 m² (based on technical survey)

📐 Estimated gross construction area: up to 955.30 m² (based on non-submitted study)

🌟 Investor Highlights

✔️ Prime location near the Douro River

✔️ Historical architectural features

✔️ ARU zoning with fiscal incentives

✔️ Flexibility for resale, rental, or short-term stays

✔️ Strong appreciation potential after rehabilitation

🔑 A rare opportunity to invest with vision, restore with authenticity, and add value in Gaia’s historic heart.

📍 A property with a unique setting and character, ideal for those who seek identity and long-term potential.

📞 Schedule your visit and experience the property in person.