Building With Approved Pip | Avenida João Crisóstomo | Avenidas Novas | High Value Add Investment Op

The building currently comprises 5 units, already under horizontal property regime, set on a 210 sqm plot, with a footprint of 153 sqm and a total construction area of 754 sqm (existing gross private area of 690 sqm).

The asset benefits from an approved PIP (shortly to be classified as a Qualified PIP), allowing immediate construction start, significantly reducing planning risk and execution timelines.

This PIP allows the expansion of the building with the addition of 2 extra floors, totaling 6 floors, as well as the installation of an elevator. Following this intervention, the total construction area will reach 963 sqm, corresponding to a gross private area of 756.60 sqm.

Additionally, a meeting has already been held with the Lisbon City Council, with agreement regarding the potential development of an optimized project with the following configuration:

- 10 one-bedroom apartments (T1)
- 1 studio (T0)
- 1 two-bedroom penthouse with terrace

The project also includes private outdoor areas in the ground floor, first floor and penthouse units, enhancing the overall positioning.

Prime central location with strong residential demand and high liquidity, within walking distance to Calouste Gulbenkian Foundation, Eduardo VII Park and Saldanha.

Key highlights:
- Building with 5 existing units
- Horizontal property already in place
- Plot size: 210 sqm
- Footprint: 153 sqm
- Current construction area: 754 sqm
- Current GIA: 690 sqm
- Post-expansion GIA: 756.60 sqm
- Total construction area: 963 sqm
- Approved PIP
- Approval for +2 floors and elevator
- Optimized layout validated for 12 units
- Private outdoor areas in multiple units
- Prime location in a consolidated area

Ideal asset for investors seeking a low planning risk project, high execution visibility and strong upside potential in central Lisbon.