Building in Almada with 300 m²

Building for Sale in Cacilhas, Lisbon

Historic Building from 1817 - Unique Investment Opportunity

We present an exclusive opportunity for investors:

A completely vacant historic building in Cacilhas, dating from 1817. The City Council (CMS) did not consider that this property, in full ownership, had approved licensing for the addition of another floor and an attic, making it an excellent, larger option for the Local Accommodation (AL) sector.

Property Characteristics:

Condition: Vacant.

Total Area: 8 planned apartments (unauthorized)

Patio: 50 m², ideal for a swimming pool or leisure area

Sale Price: €1.3 million

Additional Benefits:

Municipal Support: €30,000 in incentives for being in an ARU area (Urban Rehabilitation Area)

ICMS (State VAT): 6%

IPTU (Property Tax) Exemption: 5 years

Possible IMT (Municipal Property Transfer Tax) Exemption

Surrounding Area:

The building is strategically located opposite the Cacilhas tourist office, in the pedestrian area with restaurants and a few minutes from the ferry to Lisbon, the train, and all transport options leading to Almada and surrounding areas. The area is known for its historical charm, general commerce, and convenient services and transport.

Flexibility of Use:

With three street numbers, the building allows for various usage options:

Privileged Location:

Proximity to services, transport, and tourist attractions.

High Profitability Potential: Based on studies and comparisons with other ALs in the same area.

Tax Benefits: Incentives from the city hall, reduced ICMS (state sales tax), and exemptions from IPTU (property tax) and ITBI (property transfer tax).

Versatility of Use: In this case, the unique possibility of remodeling the entire property into a total of 6 apartments.

Attention:

Don't miss this unique opportunity to invest in a historic property with high profitability potential after rehabilitation and various tax advantages. This is a safe and profitable investment in charming Cacilhas, on the South Bank of São Paulo.

Almada will be a future alternative to the capital, as it is experiencing a real estate renaissance and is about to launch major strategic projects such as the CITY OF WATER or the GINJAL WHARF, with fantastic views over the Tagus River and Lisbon, and strong potential in terms of real estate development. There is an ambition to transform the south bank of the river, where Cacilhas is located, into the new Portuguese Riviera.

For more information and to schedule visits, please contact us!

Making your DREAM a reality is our greatest achievement!

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