Sale Of Large Building/Building In The Historic Center Of Ponta Delgada (São José), São Miguel Islan

EXCELLENT INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY OF PONTA DELGADA, SÃO MIGUEL ISLAND, Azores Building with 5 floors, located in the historic centre of Ponta Delgada (parish of São José), this imposing building stands out for its privileged location, facing Rua Caetano de Andrade Albuquerque and Rua do Provedor. With a high potential for various types of use, it is a unique opportunity for investors looking for a versatile property of great strategic value. PROPERTY FEATURES Total land area (Building + Park): 827sqm Implantation Area (Ground Floor): 505sqm Parking: Capacity for 11 vehicles (322sqm) Built Areas: Basement: 49sqm Floor 0 (Ground Floor): 505sqm Floor 1: 516sqm Floor 2: 88sqm Level 3: 63sqm Total Built: 1,221sqm Potential for Expansion: Underground parking area: 1,654sqm (2 basement floors) Planned area for additional construction: 2,544sqm (3 floors + tower) Total construction potential (Building + Park): 4,198sqm POTENTIAL USE Thanks to its architecture and infrastructure, this property is perfectly adapted to various purposes, such as: Housing Development: Ideal for luxury apartments or multi-family housing in the heart of the city. Tourism and Hospitality: Excellent option for a boutique hotel or local accommodation, given the growing demand for quality accommodation in the region. Commerce and Services: Ideal space for offices, corporate headquarters, clinics, business centres or commercial establishments. Business Center or Co-Working: With the growing digitalisation and demand for flexible workspaces, this property is a strategic option for companies. NOTES: Any intention of rehabilitation, reconstruction or alteration of the existing one, will have to be designed and submitted, on behalf of the potential buyer, for analysis and approval by the Municipality of Ponta Delgada. PRIME LOCATION This property benefits from a central location and easy access, inserted in an area with a large flow of residents and tourists. Close to several points of interest, such as: City Gates and Historic Center Marginal Avenue and Ponta Delgada Marina Hotels, restaurants, traditional shops, casino and Portas do Mar University of the Azores and other schools António Borges Garden, leisure areas and cultural spaces Main access roads and public transport Whether for commercial, tourist or residential purposes, this property meets all the conditions for a solid investment with a high return. The versatility of the construction, the possibility of expansion and the privileged location make this building an investment opportunity in Ponta Delgada. NOTES: Only PROPOSALS with a value equal to or greater than the current sale value will be accepted. Contact us for more information or to schedule a visit! Energy Certification: Exempt from indicating the energy class when advertising for sale or lease, under article 4 of Regional Legislative Decree no. 4/2016/A, of 2 February. (ref AM-2617)