Building With Approved Project For 10 Apartments In Benfica

Located on Calçada do Tojal, in Benfica, this building is offered with a fully approved architectural project, with all licences issued and paid for, allowing construction to begin immediately, without the uncertainty and delays typically associated with the planning approval process. The licences currently in place remain valid for the immediate commencement of works.

An additional and particularly significant advantage is the tax benefit: the acquisition qualifies for IMT (Property Transfer Tax) exemption, further enhancing the financial efficiency of the investment.

The project comprises the development of 10 apartments, distributed as follows:

2 studio apartments on the basement level, both with private patios (approx. 40 sqm)
2 one-bedroom apartments on the entrance level, both with private patios (approx. 40 sqm)
2 one-bedroom apartments on the ground floor, each with west-facing balconies;
2 one-bedroom apartments on the first floor, each with west-facing balconies;
2 studio apartments in the attic, also benefiting from west-facing balconies.

The supply of newly built studio apartments and one-bedroom apartments in Benfica has experienced consistently strong demand, with sales values typically ranging between €300,000 and €400,000 per unit, depending on the location, specification and characteristics of the finished product.

The building is largely vacant, with only two units currently occupied under long-term tenancy agreements. This is a factor that should be taken into consideration by investors when defining the execution strategy for the development.

Features:

- Building for refurbishment
- Fully approved project
- Licences issued and paid for
- Immediate commencement of construction
- IMT (Property Transfer Tax) exemption on acquisition
- Project for 10 apartments
- Established residential location with strong demand
- Excellent capital appreciation and sales potential
- Plot area: 312.95 sqm
- Building footprint: 112.00 sqm
- Uncovered outdoor area (patio): 200.95 sqm
- Paved outdoor areas: 68.28 sqm
- Total construction area: 487.17 sqm

Benfica is one of Lisbon’s traditional residential neighbourhoods, characterised by its large number of residential buildings and its wide range of restaurants, cafés, supermarkets, pharmacies, churches and traditional local shops.

Benfica is home to Monsanto Forest Park, hospitals, shopping centres, the Teatro da Luz, Teatro Turim, Palácio Baldaya and the Sport Lisboa e Benfica Stadium, among many other cultural and sporting landmarks. The area benefits from excellent transport connections, thanks to its proximity to the Segunda Circular ring road and the A5 motorway, as well as comprehensive public transport options, including buses, the metro and train services.
Energy Rating: F
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