Building For Renovation Near Bica, Lisbon

Building in need of renovation near Bica, Lisbon, currently with approximately 582 of gross floor area, divided into separate units under the horizontal property regime, with one self-contained unit per floor. This configuration allows the units to be sold separately or the entire building to be renovated. It had an approved architectural project for 9 1-bedroom apartments. The planning permission has expired and will need to be renewed with CML. The 3rd floor is occupied under an old tenancy agreement (rent of 50 €/month). Central location in an established and highly sought-after area of Lisbon, ideal for investors and developers looking for an urban regeneration project. (ref IN-ODI68Y)