Property Description

1.6 hectare riverside tourism complex with private home and 5 self-catering apartments.

Established for 15 years, this beautiful riverside estate is now offered for sale due to the present owner’s need to offer parental care in the Netherlands.

In an oasis of tranquillity, bordering a crystal clear mountain river, lies the carefully renovated and fully licensed Historical Watermill Estate. The owner’s residence was built in the former olive press and has a large south facing terrace with kiwis, lemons and grape vines. The main residence is a separate building from the apartments and has additional business development potential (restaurant, conference room).

The house was completely rebuilt in 2007, respecting the original details. It consists of two floors and is carved into the rocks, with some geological features present. The large living/dining room is split level, reflecting the buildings previous use as an olive press, the original granite olive bins (c1779) remain in situ. The living room has a new wood-burning stove, which is merged with the central heating.

The house is adjacent to 3,670 m2 of land, intersected by two irrigation canals (levada’s), one of which flows under the watermill and the other along the terrace.

Five fully equipped self-catering apartments and a communal lounge have been created from the former distillery building.

Full central heating, log burning fires and satellite wifi access.

The salt water pool is 13×7 m and 2.25 m deep, and completely renovated in February 2014.

In 2013, a large electrically-fired sauna was build, with spectacular views of the rocks.

Drinking water is supplied by a private borehole, and there is also a municipal water supply available at the turn of a key.

Entrance driveways constructed in Portuguese calçada (cobblestones) and private parking

The Estate is located in the fertile and evergreen area where the Serra da Estrela (the granite mountains) and the Serra do Açor (the slate mountains) intersect.

It is a 5 min. walk to the rustic village of Alvoco das Várzeas, 1 hour drive to Coimbra or Viseu; 1,5 hour drive to the Spanish border. The ‘praia fluvial’ (river beach) is just a few steps away and is awarded with the eco label ‘Bandeira Azul’ (Blue Flag).

The rural town of Oliveira do Hospital with restaurants, major supermarkets and supply shops is just 20 minutes away.

The Estate is officially registered as a Casa de Campo and was awarded the international eco-label Green Key for the 4th year. It is sold as a full going concern including inventory of the apartments to continue the existing tourism business.

Price details:

Buildings and land: 550,000 euros

The business is sold separately: price on request.