Building In Sacavém With 6 Units – Ideal To Refurbish And Sell As Separate Apartments – Urban Rehabi

Description:

Investment opportunity in Sacavém, just minutes from Lisbon and Parque das Nações.
Traditional corner building at Praça da República no. 67 and 68, with doors also opening onto Rua Tenente Possidónio Coelho. It is held under single ownership (not yet divided into separate titles) and has 4 floors (basement, ground floor, first floor and attic), with 6 independent units:

- Shop of approx. 100 m², with a shopfront onto the square
- Ground floor residential unit (3 bedrooms), approx. 100 m²
- 1st floor right, 3-bedroom apartment
- 1st floor left, 3-bedroom apartment
- 2nd floor right (attic), 2-bedroom apartment
- 2nd floor left (attic), 1-bedroom apartment

Total gross private area of 400 m², on a 150 m² plot.

Why it is a strong opportunity

The building lies within the Eixo Oriental Urban Rehabilitation Area (ARU), which has an Urban Rehabilitation Operation approved by Loures City Council. A buyer who refurbishes the building can therefore benefit from significant tax incentives, subject to the legal requirements:

- 6% VAT on rehabilitation works, instead of 23%
- Exemption from IMT (property transfer tax) on the purchase of the building, provided works start within 3 years
- Exemption from IMI (municipal property tax) after the works are completed
- Exemption from IMT on the first sale of each refurbished unit bought as a permanent home, making the units more attractive to end buyers

The building pre-dates 1951, as certified by Loures City Council. It is already registered with the tax authority as 6 independent units, a solid basis for a refurbishment project followed by division into separate titles (horizontal property), subject to council approval.

Location

Close to the centre of Sacavém, with shops, services, schools and public transport on the doorstep. It has quick access to the A1, IC2 and CRIL motorways, Sacavém train station is nearby, and Parque das Nações and Lisbon Airport are just minutes away. Demand for housing in the area is growing, thanks to its proximity to Lisbon and still competitive prices.

A project with strong potential to restore, add value and sell unit by unit.

Energy certificates: ratings C to F, depending on the unit.

At our agency, we share deals with any real estate consultant or agency holding an AMI licence.