Building With Approved Project For 10 Apartments In Benfica

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

In addition, there is a particularly relevant tax advantage: the acquisition benefits from an IMT exemption, further enhancing the financial efficiency of the investment.

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

2 studio apartments on the lower ground floor, both with private outdoor areas (approx. 40 sqm)
2 one-bedroom apartments on the basement floor, both with private outdoor areas (approx. 40 sqm)
2 one-bedroom apartments on the ground floor, with west-facing balconies;
2 one-bedroom apartments on the first floor, with west-facing balconies;
2 studio apartments in the attic, also with west-facing terraces.

The supply of new studio and one-bedroom apartments in Benfica has experienced consistent demand, with sales values ranging from approximately €300,000 to €400,000 per unit, depending on the location, finishes and characteristics of the final product.

The building is largely vacant, with only two units remaining occupied under rental agreements, a circumstance that should be taken into consideration by the investor when defining the strategy for executing the investment.

Characteristics:

- Building for refurbishment
- Fully approved project
- Licences issued and paid for
- Immediate commencement of construction
- IMT exemption on acquisition
- Project for 10 apartments
- Established location with high residential demand
- Excellent potential for capital appreciation and sale
- Plot area: 312.95 sqm
- Building footprint: 112.00 sqm
- Uncovered area (private outdoor area): 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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