Building in Odivelas with 74 m²

Investment opportunity:

Building with four two-bedroom flats, located in an Urban Area of Illegal Origin (AUGI). This property is excellent for visionary investors and builders, combining a stable income stream with significant potential for appreciation through renovation and legalisation.

Structure and Income Potential

The building consists of four units, offering a functional layout with two bedrooms, a living room, kitchen and bathroom in each unit. Its main feature is the duality between current income and future potential:

Guaranteed Lifetime Income: Two of the units are currently leased under lifetime rental contracts. This scenario provides an immediate and stable source of income, essential for mitigating risks and assisting in the financing of the renovation project. Although the rents may be modest, they guarantee occupancy and initial cash flow.

Total Appreciation Potential: The remaining two units are fully available for renovation. This is a turnkey opportunity for a comprehensive intervention, allowing the new owner to redesign the interior spaces, modernise finishes and significantly increase market value. After rehabilitation, these units can be placed on the rental or sales market at updated values, maximising the return on investment.

The Challenge and Opportunity of AUGI

The fact that the property is located in an AUGI (Illegal Urban Area) requires a specialised approach, but offers a competitive advantage for informed investors.

Urban Redevelopment: The location in an AUGI means that the property and the land subdivision are subject to a legal process of urban redevelopment and legalisation, regulated by specific legislation. This regime aims to regularise land and buildings, transforming areas with a history of unlicensed construction into fully legalised urban areas with infrastructure.

Full legalisation of the property, removing it from informality and boosting its value once the redevelopment process is complete or well underway.

It is the ideal investment for those looking for a medium/long-term project with a significant return, capable of transforming an asset with legal complexities into a fully regularised and modernised property. Don't miss the opportunity to actively participate in the enhancement of this urban area.

For more information on the current status of the AUGI redevelopment process and to schedule a site visit, please contact us.