Urban Land With 378 M2 | Av. Do Conde, S.M.Infes

This land has a ’prime’ location within the city of S. Mamede de Infesta, municipality of Matosinhos: in the heart of Avenida do Conde. We are facing two legally registred urban articles, which include two contiguous houses, of ancient design, making up:
. Plot of land (total): 378 m2
. Deployment area (total): 220 m2
. Gross construction area (total): 220 m2

These properties offer these alternative possibilities, duly framed with the Municipality Urban Guiding Plan (PDM) in force for this location:

(i) Rehabilitation of the two houses, converting (or not) the two urban articles into a single one, taking advantage of the tax benefits arising from its location in the Urban Rehabilitation Area (ARU) of S. M. Infesta (as well as its construction age of over 30 years). The intervention in terms of its rehabilitation may be accompanied by the addition of a floor (or more) to the current single floor, as well as the creation of parking space in the basement or, alternatively, using the existing outdoor space at the back, with about 150 m2, as parking space and/or garden.

(ii) Construction of a building with up to 5 floors, after converting these properties into a single urban article, allowing up to 10 apartments of different typologies (T3 or T2+T0 or T1+T1 per floor), basement for parking and storage and also a garden or patio at the back (about 150 m2).

[Note: in a scenario of an investment for building, constitution of horizontal property (apartments) and subsequent sale of the apartments (’buy-to-sell’ scenario), it is possible to obtain gross rates of return higher than 25%.]

Whatever form it takes, this is an investment with high potential, which comes largely from its location. Namely:
. Avenida do Conde is central to the entire city of S. Mamede de Infesta, being one of its main structuring routes (with a history that spans centuries).
. It is a residential area mixed with a multitude of shops and services.
. It is foreseen in the long term that a Metro line will pass on Avenida do Conde (or very close), connecting Senhora da Hora to Hospital de S. João and the university center of Asprela (crossing Padrão da Légua, in Leça do Balio).
. It is an area with a high housing shortage, both for own housing and for rent.
. It is an area with a lack of new construction.
The location of these properties also allows this accessibility and ’centrality’:
- Bakeries, grocery stores, butchers, cafes, restaurants, gyms, pharmacies, banks, ATM’s, etc... nearby;
- Primary School of Ermida at 450 mts, Primary School (and kindergarden) of Padre Manuel de Castro at 500 mts, High School of Maria Manuela de Sá at 450 mts, High School of Abel Salazar at 650 mts, University center and campus of Asprela at 2 km (7 min by car);
- Health Center at 550 mts and Hospital S. João at 2 km (7 min by car);
- Nearest metro stations: Hospital S. João (2 km and 7 min by car) and Senhora da Hora (4 km and 11 min by car);
- Parish Council 400 mts away and Matosinhos Cit
Energy Rating: Exempt
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