In the heart of the charming village of Sao Teotonio, this former mill offers a unique investment opportunity. With an architectural project in the approval phase, the building will be transformed into three modern and elegant flats, while maintaining the property's historic character. Project configuration: 1 bedroom flat: Perfect for single occupancy or couples, with a functional and cosy layout. 1+1 Bedroom Apartment: Includes a versatile additional space, ideal for small families or guests. 3 Bedroom Duplex Apartment with Attic: Spacious main unit with a private garden and adapted attic, offering a unique living concept. In addition to the potential for local accommodation, the building can be adapted for various purposes, such as hotels, commerce or services, meeting the needs of different business models. Located just 15 minutes from the stunning beaches of the Costa Vicentina, this project combines the authenticity of a historic building with the comfort of modernity, in a region that is in high demand by tourists and residents alike. Don't miss out on the opportunity to breathe new life into this property with so much potential! RSV100-1082