House With Excelent Potential Of Development

PROPERTY WITH DEVELOPMENT POTENTIAL – BUCELAS, LOURES

3,546 m² plot with existing building and significant development potential

Located in Bucelas, in the municipality of Loures, this property represents a particularly interesting opportunity for an investor, property developer or operator looking for an asset combining an existing building with significant future development potential.

The property currently comprises an independent building with approximately 251 m² of gross floor area, set on a 3,546 m² plot, with several bedrooms, bathrooms, interior spaces and parking.

The building was previously operated as a residential care facility for elderly people by a tenant who held their own operating licence. The activity will cease and the property will be sold vacant and free of any tenant, allowing the future owner to freely define and develop their own project.

SIGNIFICANT DEVELOPMENT POTENTIAL

One of the property’s main advantages lies in the development potential of the land.

According to the available information regarding the PDM (Municipal Master Plan) the plot allows for consideration of:

the construction of an additional building at the rear of the existing structure;
the development of a project comprising up to 7 small houses on the upper part of the plot

This configuration opens the door to different investment strategies, including residential development, a mixed-use property project, retaining and transforming the existing building, or phased development of the land always subject to the relevant planning requirements, project approvals and permits.