Description

Building in Príncipe Real, with stunning views over the Castle of São Jorge.
Architectural project approved for 4 apartments (3 T2+1, 1 T2) and garage.
Building with 9 local accommodation licenses in force, with transferability to the new owners, according to Decree Law No. 76/2024 of 10/23/24
Charming building next to Escadinhas da Mãe de Água. Corner building, with open front, lots of light (7 windows per floor) and southeast orientation (East). Currently the building consists of shops, 2 floors and attic.
The approved architectural project consists of the rehabilitation and expansion of the gross construction area of the building to about 620 m2, distributed by garage, ground floor, 2 floors and attic. A suggested change to the architectural project is the maintenance of the garage area as housing.
The project allows the construction of three T2+1 and one T2, with the following provisions:
- Floor -1: Garage, on the side of the street and entrance through Rua da Alegria
- Floor 0: T2+1 with main entrance through Calçada da Patriarcal
- Floors 1 and 2: two T2+1
- Floor 3: 2 bedroom flat with terrace
All floors are connected by lift.
Building in the heart of Príncipe Real, an upper-class neighbourhood (average value €10,000/m2), known for its nineteenth-century mansions, trendy bars and restaurants, and elegant shops. 80 meters from the Botanical Garden and 300 meters from Avenida da Liberdade.
Ideal investment design for yield, which has the potential to be maximised
The approved project may also be the basis for the readaptation of the building to a single-family house or larger duplex apartments.