Vacant Building With Approved Pip, Located In Alameda

Vacant building dating from the 1950s, with strong appreciation potential, located in the Alameda Afonso Henriques area. This represents a unique opportunity for investors and developers seeking an asset with an approved project and clear legal framework.
This is a property with defined urban planning parameters, ideal for those looking to develop a residential project with identity, built on a solid foundation and offering strong profitability potential.

The building stands out for its imposing entrance, featuring a grand staircase that enhances the architectural character of the period. The façade, with an interesting design, retains elements that allow for the preservation of the building’s original identity, adding value to the final development.

At the rear, the property benefits from a large courtyard, offering ideal conditions for landscaping projects, leisure areas or private green spaces, adding quality and differentiation to the final product.

The building is set up under horizontal property ownership, facilitating the structuring of the investment and the future sale of individual units.

The approved project includes:

- Full refurbishment of the existing structure
- Extension with an additional one and a half floors
- Creation of a total of 14 residential units
- One, two and three-bedroom apartments

In this area, you can enjoy landmarks such as Palacete da Estefânia and Palácio Sotto Mayor, as well as Igreja dos Anjos, schools including Escola Secundária de Camões and Universidade Autónoma de Lisboa, Hospital de Santo António dos Capuchos, Cinema Império, and the Neptuno Fountain at Largo Dona Estefânia. The neighbourhood also offers a wide range of restaurants and traditional shops.

Thanks to its central location, it benefits from an extensive public transport network (metro and buses), allowing easy access to other parts of Lisbon, making this property an excellent investment for long-term rental or for comfortable city-centre living.

Arroios is a dynamic and multicultural parish located in the heart of Lisbon. With Avenida Almirante Reis as its main axis, it is well served by public transport, including metro and bus connections. Art Deco buildings, iconic squares, traditional commerce, markets, hospitals, the Campo dos Mártires da Pátria garden, and a diverse cultural scene make this a vibrant area, highly sought after by both Portuguese residents and international buyers. Rich in historic buildings such as Biblioteca de São Lázaro, Liceu Camões, Escola Básica n.º 1 de Lisboa and the Military Academy, Arroios offers a unique character.
Energy Rating: F
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