Urban Plot In Rio Tinto

Urban Plot with 523 sqm in Rio Tinto
Urban plot with a total area of 523 sqm, divided into two plots, incorporating an existing built area of approximately 300 sqm, distributed across three buildings. Located within an Urban Rehabilitation Area (ARU), the property benefits from tax incentives and advantages, most notably the application of a reduced 6% VAT rate on rehabilitation works, under the terms of the legislation in force. According to the Gondomar Municipal Master Plan, the property is classified as Type I Residential Space, allowing the existing buildings to be raised up to 16 metres in height, equivalent to 4 floors. This classification makes it possible to increase the gross construction area up to approximately 1,500 sqm, subject to prior approval by Gondomar City Council through a Prior Information Request (PIP) or equivalent procedure.

Property composition and features

• The existing structure includes a main 19th-century building with architectural and construction value, arranged over two floors, with the ground floor intended for residential use and the first floor previously allocated to services. It is a corner building, facing Rua Pedro Álvares Cabral and Travessa Senhor do Calvário, reinforcing its urban presence.
• Along the same alignment, there are two additional buildings, currently in a state of ruin, which allow the intervention to be expanded and strengthen the rehabilitation project. The property also includes a 234 sqm courtyard, suitable for the creation of a garden, patio or landscaped outdoor area, with the additional possibility of constructing underground parking.
• On the second plot there is an industrial warehouse, with potential for residential conversion and the possibility of vertical expansion.

Location and surroundings

• The property benefits from excellent accessibility to the main road networks and to the city of Porto, and is close to a wide range of essential facilities and services, including schools, a health centre, pharmacies, fire station, police station, post office, shopping centre, supermarkets, restaurants, urban park and public transport.

Highlights

• Urban plot with 523 sqm in ARU Gondomar
• Construction potential up to 1,500 sqm
• 19th-century building with architectural value
• 234 sqm courtyard with potential for basement parking
• Tax incentives, including 6% VAT

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