House buy in Madeiral Sao Vicente

Currently a 6 bed, 7 bathroom vIlla spread over 3 floors, buIlt In the 90s - needs updatIng / modernIsatIon * SIte over 1000 M2 - plenty of room for extensIons * Garage for 4 cars - 130 M2 - on lower floor * Large entrance, open plan lounge, dInIng room, large kItchen wIth buIlt In cupboards wIth balcony * Covered patIo off kItchen & dInIng areas * MaIn bedroom suIte on top floor wIth magnIfIcent vIews of MIndelo Bay * Some of the best vIews on the Island of MIndelo marIna & port and whole area of Lazareto * Terraces on upper floors wIth BBQ area and gardens all wIth fantastIc vIews * Sought after locatIon - 7 mInutes walk to Mondelo town centre and PraIa da LIgInha * Area has best restaurants In town, musIc & concert venues, theatres, tradItIonal markets, new square, cultural centre, shops & boutIques * OptIon to Increase accommodatIon by 10 suItes, all overlookIng the port and addIng a 25 meter pool * Another optIon Is to demolIsh and replace wIth 54+ room hotel * ThIs property offers varIous optIons to extend, renovate or replace the exIstIng buIldIng * Rarely does land / buIldIngs come on the market * Sao VIcente Is experIencIng a growIng demand for good qualIty tourIst accommodatIon * AddItIonal plans avaIlable * PrIced at only €500,000