Two Buildings With More Than 950 M2 In Arroios In The Center Of Lisbon
10,226 Sqft
Updated: June 18
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About the Property
Two buildings in full ownership, which will be rebuilt on land with more than 220 square meters, completely vacant for rehabilitation. They are located in the historic and vibrant neighbourhood of Arroios, one of the most coveted areas of the centre of Lisbon, with a public transport network, metro and the existence of social facilities such as hospitals, schools and police, next to Avenida Almira
Two buildings in full ownership, which will be rebuilt on land with more than 220 square meters, completely vacant for rehabilitation. They are located in the historic and vibrant neighbourhood of Arroios, one of the most coveted areas of the centre of Lisbon, with a public transport network, metro and the existence of social facilities such as hospitals, schools and police, next to Avenida Almirante Reis, Estefânia, Saldanha and 8 minutes from Lisbon international airport.
The buildings have already had their project approved and a Construction License, including the payment of various municipal fees. The works were started, but not completed - With 943.5m2 of construction area, with a patio with 15m2 - the License approved by the CML is for 16 fractions: 2 stores on the ground floor and on the following floors 7 T1 (one) - 7 T0 (zero).
It will be possible to rescue the project once approved or the elaboration of a new project with fewer fractions but with larger areas.
Excellent possibility for obtaining profit or high profitability, whether for the sale of fractions or medium or long-term accommodation.
The potential of this property lies in the wide range of possible solutions, in a fantastic area.
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