Real estate project development opportunity - multipurpose building

Located in a prime central area of the city of Bragança, the plot is the site of a decommissioned flower mill, adjacent warehouses, office building and exterior open areas. The city is 30 km away from the border with Spain, a 353 km from Madrid, 204 km from Oporto and 400 km from Lisbon. A small airstrip allows daily flights to the capital and the Algarve. Mainly a rural area, there are numerous attractions for nature lovers and anyone seeking a quiet, well located place to live or work - from the Montesinho Natural Park, the Vale do Côa Reserve and the Douro valley. Bragança houses a Polytechnic Institute with the largest foreign student population of the country (for this type of institution), several local and central government agencies, small industrial units and commercial spaces.
Local building codes allow to build on 60% of the plot area making it well suited for various development schemes - apartment building(s), hotel (rehabilitating existing structure), senior citizen housing unit / geriatric center, healthcare facility, commercial or multipurpose building.