Building In The Historic Center Of Oeiras: Investment In Residential + Retail Units With Rental Inco

FULLY RENOVATED BUILDING IN THE HISTORIC HEART OF OEIRAS

A truly unique investment opportunity in the heart of Oeiras’ Historic Center! A building fully renovated in 2012, boasting architectural distinction, a strategic location (1 km or a 15-minute walk from the beach), and significant potential for transformation.

Situated on a **450 m²** plot, the property currently offers **517 m² of built area** distributed across **2 floors, attic, and basement**, complemented by a spacious **160 m² courtyard** with parking space for **six vehicles**.

The asset is currently leased, with **two ground-floor shops and one first-floor office in operation** under fixed-term contracts, allowing for a combination of **current income and a strategy for future capital appreciation**. The space also offers the potential to develop an excellent student housing business with 19 beds, or even to build multiple apartments for personal use or rental—whether or not the shops remain leased.

**PROPERTY FEATURES:
Originally built in 1944, the building underwent a complete renovation in 2012, including the installation of high-end window frames and double glazing. The property also features:
* alarm system
* Daikin central air conditioning system with 6 outdoor and 17 indoor units (included)
* interior blinds
* 1 solar water heating panel
* electric gate
* video intercom
* fire door.

In July and August 2026, the building’s roof underwent a complete renovation, and the waterproofing was replaced on the rear façade as well as on the terraces housing the external air-conditioning units.

**FUTURE VISION!
The true standout feature lies in its **potential for conversion and expansion**. The property offers the possibility of reverting to **residential use**, as well as the potential to expand to approximately **1,050 m² above ground**—subject, of course, to applicable zoning regulations and approvals. This allows for the construction of multiple apartments for personal use or rental, or even a student residence with up to 19 beds, while retaining the existing retail units (whether leased or not).

**A LOCATION THAT UNDERPINS VALUE
Situated in a prime area of ​​Oeiras’ Historic Center, the building combines character and charm with the convenience and central location demanded by today’s market, offering proximity to shops, restaurants, services, public transport, and major road links.

**PROPERTY AREAS:
Ground floor - 89.08 m²
Basement - 20.71 m²
First floor - 190.52 m²
Deck/Balcony - 21.70 m²
Attic (50% with ceiling height under 1.5m) - 34.5 m²
Shop 1 - 74 m²
Shop 2 - 87 m²
Outdoor area/Patio - 160 m²

**AN OPPORTUNITY FOR INVESTORS
Income + Development potential + Location + Operational flexibility. An asset with unique characteristics, designed for investors who recognize the value of acquiring a well-located property that offers current income and real scope for creating further value in the future.

**Information regarding the potential for change of use and expansion is subject to confirmation with the relevant authorities.**

** We offer the Finance 21 service, a department that will help you obtain the best financial conditions for your mortgage. Request more information. We are a registered secured credit intermediary with number 4561 at the Bank of Portugal.