Building in Porto with 398 m²

Building with Approved Project and Construction Permit in Porto’s Historic Centre

Investment opportunity in the heart of Porto’s Historic Centre, within the UNESCO World Heritage area and just a few minutes’ walk from Porto Cathedral, São Bento Station, Dom Luís I Bridge and the Time Out Market.

With a gross area of 398 sqm, the building is vacant and requires full renovation. It is being sold with an approved project and valid construction permit, allowing the future owner to proceed with the works without facing the lengthy process and uncertainty associated with obtaining new planning approvals.

The approved project comprises 5 apartments, with a mix of unit types designed to appeal to both the residential and investment markets:

• 1 three-bedroom apartment (T3), with two bathrooms and private outdoor space;
  
• 2 one-bedroom apartments (T1);
  
• 2 one-bedroom + additional room apartments (T1+1) with mezzanine.
  

Location is one of the key strengths of this investment. In addition to its proximity to some of Porto’s most important cultural and tourist landmarks, the building benefits from excellent transport connections, with São Bento Station just a few minutes away on foot, providing convenient access to both metro and rail services.

The project also benefits from views towards some of Porto’s most iconic landmarks, including Porto Cathedral and the Clérigos Tower, further enhancing the potential value of the future apartments.

Another particularly relevant factor for investors is the project’s advanced stage of readiness. In addition to the construction permit already being issued, a construction solution has already been negotiated and is ready to proceed, significantly reducing the time between acquisition and the start of the development.

The property is also located within an Urban Rehabilitation Area (ARU), which may provide access to tax incentives applicable to urban rehabilitation projects, subject to confirmation of the relevant legal and tax requirements applicable to both the project and the purchaser.

Key Features

• Porto Historic Centre – UNESCO World Heritage area;
• 398 sqm gross area;
• Approved project;
• Valid construction permit;
• Vacant building with no tenants;
• Approved project for 5 apartments;
• 1 three-bedroom apartment (T3) with private outdoor space;
• 2 one-bedroom apartments (T1);
• 2 one-bedroom + additional room apartments (T1+1) with mezzanine;
• Views over the city and some of Porto’s most iconic landmarks;
• São Bento Station within a few minutes’ walk;
• Close to Porto Cathedral and Dom Luís I Bridge;
• Located within an Urban Rehabilitation Area (ARU);
• Construction solution already negotiated;
• Potential to commence the development within a short timeframe.
  

An opportunity particularly suited to property developers and investors seeking a small-scale residential development in central Porto, already licensed and located in an area characterised by strong demand and limited supply of new residential projects.

For detailed information about the project, floor plans, licensing, construction budget and investment projections, please contact me.