Building in Oeiras with virtual tour

VACANT BUILDING | ALGÉS | €525,000 | FULL RENOVATION | PRE-APPROVED PROJECTS

Our team presents this investment opportunity in one of the most sought-after and val-ued locations in Algés — a premium area at the gateway to Lisbon, with strong real es-tate momentum, views over the Tagus River and steadily growing demand.

This vacant building for full renovation comprises two floors and benefits from a fantas-tic rooftop terrace with a side view over the Tagus River. The location is truly unbeata-ble: set in the heart of historic Algés, it allows everyday life to be done entirely on foot, just steps from the iconic Algés Market, river-view esplanades, and a wide network of traditional shops and local services.

The property offers full versatility and speed of execution, already holding three pre-approved projects, allowing the investor to choose the scenario that best fits their strat-egy:

• Multi-family option (2 T2 apartments): construction with a significant increase in gross building area, ideal for maximizing rental income or for a quick, split re-sale.

• Single-family T2 option: conversion into an exclusive single-family home, eligi-ble for urban renovation tax benefits (6% VAT and IMT reimbursement).

• Single-family T3 option (optimized project): an evolution of the previous pro-ject, retaining eligibility for the same tax benefits, but with a larger typology — a luxury product with a private terrace and river view, offering great scarcity and strong demand in the area.

In any of these scenarios, the owner can proceed with construction immediately through a prior notice procedure, avoiding a traditional, more time-consuming licensing process — a decisive advantage for those seeking speed of execution.

In terms of accessibility, the property enjoys a rare centrality — just a few minutes' walk from Algés Train Station (Cascais Line), the number 15 tram, and several bus routes, with immediate road connections to the CRIL, A5 and Avenida Marginal, ensuring quick access to both central Lisbon and the entire Cascais line. The short walking dis-tance to the Algés Riverside Promenade adds even more value and quality of life to this asset — a location privilege that is hard to find elsewhere in the Greater Lisbon area.

Ideal for own use or investment, in a premium location with high demand and strong potential for appreciation.

Book your visit now and come see your new home!

Note: All information contained in this listing, namely areas, projects, legal framework and tax benefits, is provided for informational purposes only and must be confirmed and validated by the buyer with the relevant authorities prior to finalizing any transaction.

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