"Borges 9, a solid investment with guaranteed profitability but also a great opportunity for reconfiguration into a reference tourist unit."

João NunesReal Estate Advisor

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In the university town, Borges 9 is a microcosm of geography, history, architecture, and economy. The geography is evident in the diverse origins of the students and tourists who frequent the rooms and restaurant. The history is embedded in the centuries-old building, once used by renowned doctors. The architecture is characterised by its unique façade. And the economy is reflected in the profitability it generates.

A centuries-old building in downtown Coimbra.

Rua Ferreira Borges is a picturesque pedestrian street. It forms the central axis of the city alongside its twin, Rua Visconde da Luz. They are in the heart of Coimbra, a UNESCO World Heritage Site.

At the intersection of these two streets and the equally charming Rua Corpo de Deus stands a centuries-old building. This historic structure once housed laboratories and consulting rooms and has witnessed the passage of some of the brightest minds from the renowned Faculty of Medicine of Portugal's oldest university.

Recently renovated and repurposed for commercial and service uses, the building offers seven units across five floors. These units are diversely allocated for commercial and residential purposes, primarily catering to the university rental market.

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The Commercial Space.

The building's commercial centrepiece is a café-restaurant-ice cream parlour. Borges 9 owns approximately half of the space (198 square meters), sharing it with an adjacent building. This prime location and expansive storefront have positioned the establishment as a popular gathering spot in the historic UNESCO World Heritage Site.

Consult the ground floor pans.

You can download the plans - clicking here.

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Local Accommodation.

At the top of the first section of the staircase, a distinctive loft awaits. This approximately 80-square-meter space, dating back to the late 19th century, offers unique features that set it apart within the local accommodation market. It is fully licensed and enjoys an annual occupancy rate exceeding 75%.

Consult the first floor plans.

You can download the plans - clicking.

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University Lease.

The second through fourth floors house three six-bedroom apartments totalling 506 square meters. Each apartment features 18 rooms, supported by three kitchens and three communal bathrooms, each with two toilets, two showers, and two sinks. These apartments are currently available for lease to international university students.

Consult the plans of this floors.

You can download the plans - clicking here.

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Residential Rentals.

Borges 9 currently offers two residential rental units: a studio apartment of approximately 25 square meters on the first floor and a six-bedroom apartment of 130 square meters on the fifth floor. As the six-bedroom apartment is the only unit that has not yet been renovated and its lease is nearing expiration, there is potential for increased profitability with future renovations.

Consult the plans of this floors.

You can download the plans - clicking here.

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The profitability.

With an average monthly net income of €8,853.15, it presents an estimated annual income of €106,237.80 which supports an ROI of 6.50%.

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Summary,

This building, located at the intersection of four vibrant historic spaces: Quebra Costas, Largo da Portagem, Praça do Comércio and Praça 8 de Maio, offers unique features and opportunities. With a total usable area of 930 square meters, it presents diverse possibilities for growth and development.

Your can download the buildings complete plans - clicking here.

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Leave us your message. See you soon.

If you would like to obtain more information and schedule a visit in person or via video call, please contact us using the property form or through our Real Estate Advisor João Nunes.

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We published this legal notice on the 24th of May 2018.

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Borges 9

ref.: AM1841

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A centuries-old building in downtown Coimbra.

_ _ _

The Commercial Space.

Consult the ground floor pans.

_ _ _

Local Accommodation.

Consult the first floor plans.

_ _ _

University Lease.

Consult the plans of this floors.

_ _ _

Residential Rentals.

Consult the plans of this floors.

_ _ _

The profitability.

_ _ _

Summary,

_ _ _

Leave us your message. See you soon.

Our website respects individual privacy and values ​​the trust of its users, customers and partners. As such, we are committed to protecting the personal information you share with us. This page describes how we make use of this information.

We published this legal notice on the 24th of May 2018.

Our website respects individual privacy and values the trust of its users, customers and partners. As such, we are committed to protecting the personal information you share with us. This page describes how we make use of this information.