Description

Building in Cedofeita with approved PIP.

Excellent investment opportunity with PIP approved.

Extremely well located in one of the most charismatic streets in the city of Porto - Rua De Cedofeita.

The São Lourenço building is part of a classified area in Rua de Cedofeita, union of the parishes of Cedofeita, Santo Ildefonso, Sé, Miragaia, S. Nicolau and Vitória, one of the most important and renowned streets in downtown Porto where the art and imposing architecture that characterises the Invicta city stand out, in this street we find several buildings built between the seventeenth and twentieth centuries, classified as Properties of Public Interest.

In recent years, Rua de Cedofeita has been the target of a high urban rehabilitation, with several highly prestigious real estate investments being developed. The new facades and a greater offer for housing and commerce will boost life in the Invicta city.

It is a partially pedestrian street lined with the traditional Portuguese pavement, in black and white, respecting the original design, it is the link between Rua da Boavista and Praça Carlos Alberto with a huge extension of pedestrian access, it has become an important residential area, it is today one of the main commercial axes of the city.

The approved PIP increases the gross construction area to almost double.
It is registered in the ARU zone and with a declaration referring to this fact, that is, the tax benefits in construction are proven.

In parallel and for a relevant informative note, there is an approved project, not included in this value, in which it is proposed to expand the pre-existing building to the regulatory height, with the creation of two more floors facing the street, as well as its expansion in depth, implying the construction of a new back façade in the alignment of the adjoining buildings.
The new project maintains the main façade in granite and the sharecropping walls also in granite, as well as the guarantee of issuing an AL license for the building.

For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties.

Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects.

In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve next to the renowned Vilamoura Marina.

We are waiting for you. We have a team available to give you the best support in your next real estate investment.

Contact us!