Building With An Approved Project For Full Refurbishment In Arroios

For sale, building with approved project between Rua António Pedro and Rua Pascoal de Melo, in Arroios, Lisbon. This is a 1915 building classified as a property of municipal interest by Lisbon City Council, sold with an approved alteration project and paid licences for full rehabilitation.

The building has a 294 sqm footprint and 1,157.2 sqm of gross construction area, distributed across five existing floors, with the possibility of creating an additional floor on the rooftop in accordance with the approved project.

It is currently arranged with two apartments per floor, located on the first, second, third and fourth floors, totalling eight vacant residential units. There are four 4-bedroom apartments with office, living room, kitchen, bathroom, pantry or storage room and balconies, and four 3-bedroom apartments with office, living room, kitchen, bathroom, pantry or storage room and balconies.

The approved project foresees the reorganisation of the building with two apartments per floor, creating four 2-bedroom apartments with generous balconies and four 3-bedroom apartments also with balconies. The project also includes the creation of a penthouse occupying the entire rooftop of the building, corresponding to the new fifth floor. The installation of a lift and the restoration of the building’s original architectural elements and details are also planned.

Located in Arroios, in a central area of the city close to Saldanha, this building benefits from proximity to shops, services, restaurants, public transport and metro stations. Lisbon Airport is within a short distance, and there are parking options for residents as well as monthly parking facilities nearby.

Features:

- 1915 building classified as a property of municipal interest
- Approved project for full rehabilitation
- Paid licences
- 1,157.2 sqm of existing gross construction area
- 1,487.2 sqm of proposed gross construction area with the creation of an additional rooftop floor
- 9 apartments: 4 two-bedroom apartments and 4 three-bedroom apartments, with balconies and areas between 95 sqm and 105 sqm + - 1 penthouse on the rooftop with 195 sqm
- 1,085.4 sqm of saleable private gross area
- Installation of a lift
- Restoration of the original architectural elements
- Central location in Arroios, Lisbon, close to Saldanha
- Proximity to shops, services, transport links and the airport

Here you can enjoy palaces and manor houses (Palacete da Estefânia, Sotto Mayor Palace) Anjos Church, schools (Camões Secondary School, former Liceu Camões and Universidade Autónoma de Lisboa) the Hospital de Santo António dos Capuchos, the Cinema Império and the Neptuno fountain in Largo de Dona Estefânia, as well as several restaurants and traditional shops.

As it is so central, it has a good transport network (Metro and buses) that allow easy access to other parts of Lisbon, making this property an excellent investment for long-term rentals, as well as owner-occupied housing with a comfortable life in the city centre.
Energy Rating: F
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