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Lisbon, Lisbon, Portugal

£5,512,650
€6,500,000
Portugal Sotheby's International Realty, Lisboa Centro
PROPERTY TYPE

Block of Apartments

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Description

Charming corner building with wrought-iron balconies and a generously-sized garden, for refurbishment, in Prazeres, Estrela in Lisbon.

SUMMARY:
Floors Above Ground: 5.
Gross Construction Area: 1912m2.
Gross Private Area: 1574m2.
Gross Private Area Per Floor: 294m2.
Area of Plot of Land: 620m2.
Garden: 420m2.
Height of the Façade: 16m.

Vacant building offering high ceilings, wonderful solar exposure (south and west) and two separate entrances.

This property is located in an Urban Rehabilitation Area (ARU), which is undergoing tremendous urban regeneration.

At one point, this building had an approved project for 12 apartments. This project consisted of three apartments per floor (one T1, one T2 and one T3 per floor). This project has expired.

This property offers the potential to build between two to four apartments per floor (depending on the typology), or between eight and 16 apartments in total. Perhaps even more, depending on the dimension and configuration. It also has the potential to be transformed into a charming boutique hotel, luxury hostel, or a senior's residence.

Very well located, near the new Lisboan International School, the private hospital CUF Tejo, Avenida 24 de Julho, Avenida de Ceuta, Avenida Infante Santo, Praça da Armada, Ministry of Foreign Affairs, Palácio das Necessidades, Tapada das Necessidades, LX Factory, the restaurant area Docas de Santo Amaro, Alcântara and the Tejo River.

Very well located with great access to public transportation and various motorways. The future Alcântara metro station will be very close by, train stations Alcântara-Terra and Alcântara-Mar are also very near, as is the seaside road to Cascais, A5 Highway, A2 Sul Highway, Ponte 25 de Abril, and other roadways. Just 12 kilometres from the Lisbon International Airport.

A wonderful investment opportunity in a vibrant and "up-and-coming" area of the city that is being completely gentrified and consolidated.

Sotheby’s International Reality has nearly 300 years of history as a reputable and prestigious firm responsible for transacting luxury goods. We have been in Portugal since 2007 and have ten office across the country with over 300 highly qualified professionals available to assist you. Our mission is to artfully unite extraordinary properties with extraordinary lives.

Please do not hesitate to contact us to receive further information about this property.

Lisbon, Lisbon, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Lisbon(International)
    2.9 miles
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About the agent

Portugal Sotheby's International Realty, Lisboa Centro

Av. Fontes Pereira de Melo, nº 35, Loja C 1050-118 Lisboa

Portugal Sotheby's International Realty, Lisboa Centro

Artfully uniting extraordinary homes with extraordinary lives

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Notes

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This is a property advertisement provided and maintained by Portugal Sotheby's International Realty, Lisboa Centro (reference 103220249) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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