Building in Peniche with 467 m²

Historic building for renovation with approved project for 4 residential units in the centre of Peniche

Historic building requiring complete renovation, located at Largo D. Pedro V / Rua dos Hermínios, in one of the most central and emblematic areas of Peniche, close to the Town Hall, the main square, shops, services, restaurants, the marina and the city walls.

The property is sold in its current condition, with an approved architectural project for the creation of 4 residential units, distributed over 3 floors, with approximately 467 m² of projected private gross floor area and around 570 m² of total gross reference area.

The project includes the following layout:

• 2 one-bedroom apartments (T1) on the ground floor;
• 1 two-bedroom apartment (T2) on the first floor;
• 1 two-bedroom apartment (T2) on the second floor, with terrace;
• Storage areas allocated to each unit.

Projected areas by unit:

• Unit A — 1-bedroom apartment, ground floor, 70.2 m²; with 4 m² internal storage area;
• Unit B — 1-bedroom apartment, ground floor, 69.4 m²; with 5.5 m² storage area;
• Unit C — 2-bedroom apartment, first floor, 167.4 m²; with 13.9 m² storage area;
• Unit D — 2-bedroom apartment, second floor, 133.7 m²; with storage area and terrace, totalling 27.9 m² of ancillary/outdoor area.

The building retains architectural features of interest, particularly decorative elements on the façade, enhancing its historic character and its setting within Peniche's old town.

The architectural project has been approved, while the engineering and technical projects are currently under preparation/approval. The execution of the renovation works will be the responsibility of the purchaser.

Located within an Urban Rehabilitation Area (ARU), this project may benefit, subject to confirmation with the relevant authorities, from tax and other incentives associated with urban rehabilitation.

Given its scale, location and planned layout, this represents an attractive opportunity for investors seeking a residential redevelopment asset in the heart of Peniche, with potential for future sale of individual units, long-term rental or tourist accommodation, always subject to the applicable licensing and legal framework.

Within walking distance are the Peniche Fortress, the waterfront, restaurants, local shops and the city's main services. The beaches, marina and access to the Berlengas Islands further enhance the appeal of this location throughout the year.

Note: The property is sold in its current condition. The images, floor plans and areas relating to the project represent the approved or pending rehabilitation proposal. The execution of the renovation works is the sole responsibility of the purchaser.