Quinta da Retorta
Penedono
Status:
For sale
Type:
Private Estate
Bedrooms:
22
Bathrooms:
0
Price:
€895.000
Contact our Agent:
Paul Rees
Quinta da Retorta is for sale with project approved for a significant tourism development or can be restored as a private estate. Once a renowned wine, olive and fruit producing estate, Quinta da Retorta lies 30 kilometres south of Portugal’s landmark river Douro in an already popular tourism area.
With a project approved by the local Council, the opportunity here is for a new owner to create a truly magnificent, multi-functional tourism project with up to 182 family homes and a four-star, 22-room hotel. Quinta da Retorta’s setting is picture perfect, in an area full of wildlife, crossed by rivers and blessed with unparalleled mountain scenery.
The 38 hectare (94 acre) holds the cherished classification of 'ecological reserve', so a project approval on this scale is rare indeed, made possible by the attention the owner gave to local planning regulations and the thought given to the biodiversity of the local fauna and flora.
A phased construction plan creates cashflow early on in the project’s timeline.
4 star, 22-unit Resort Hotel
Total lodging capacity: 204 units with up to 962 beds
4 stars Holiday Village consisting of 182 single-family detached house of various types (0, 1, 2, 3, 4 and 5 bedrooms)
Restoration of the old winery and olive oil mill
Production of local agricultural products for sale
Outdoor and indoor swimming pool
Tennis and sports’ court
Open-air amphitheatre
Two restaurants
Shopping area
Multipurpose building
Two playgrounds
It is rare indeed that such a well-planned and exciting development comes to the market, especially in an area of outstanding natural beauty and amenity.
If a buyer wishes to restore the estate as a private residence, there is no imperative to develop the touristic plan.
The land is rich in agricultural with rye, corn and potato traditionally the primary crops. The area is rich in chestnut trees, vineyards, olive and almond orchards in addition to cattle-raising and dairy production.
Penedono municipality, in the Viseu district, includes its own castle, towers, fountains, pillories, necropoles, museums, menhirs and many, many dolmens.