Building for Renovation with Approved Project for 6 Apartments | Rua de Álvares Cabral, Porto

Investment Opportunity in Porto City Centre!

Located on Rua de Álvares Cabral, this building, intended for complete renovation, benefits from a central and well-established location, close to Porto’s downtown area (Baixa), Praça da República, Cedofeita and Boavista.

Character, Original Features and Natural Light

The building retains several charming architectural features that give it a unique identity, including high ceilings, decorative ceilings, wooden staircases, exposed stonework and arched doorways. It also stands out for its abundant natural light, enhancing the brightness and appeal of the spaces.

These distinctive features represent added value for a renovation project, allowing the building’s original character to be preserved while combining it with contemporary solutions, enhancing the final result.

The property has a project for the development of 6 apartments, comprising studio, one-bedroom and two-bedroom units (T0, T1 and T2), offering an opportunity for investors and property developers interested in developing a residential project in a highly central location.

Key Features:

6 planned apartments, comprising T0, T1 and T2 layouts;

442 sqm of gross construction area;

323.30 sqm of land area;

332.70 sqm of total private usable area across the planned units;

70.20 sqm of common areas allocated to the units;

161.40 sqm private courtyard associated with one of the planned T2 apartments;

2 terraces;

2.90 sqm of storage space.

One of the property’s key distinguishing features is its 161.40 sqm private courtyard, associated with one of the planned two-bedroom apartments, adding value and exclusivity to the project.

Its location, variety of apartment layouts, natural light and outdoor spaces make this building an opportunity worth considering for a renovation project aimed at selling or renting out the future residential units.

An opportunity aimed at investors, property developers and construction and renovation companies looking to develop a project in Porto’s residential property market.

For further information or to arrange a viewing, please get in touch.