Lisbon, Sintra, Portugal

Located in the heart of Largo da Feira in Sintra, this urban building is an excellent opportunity for investors. With a gross private area of 356 m², the property comprises a commercial/services store on the first floor and three independent apartments: one T4, one T2 and one T3. The main factor in the sale is the property's great potential for development, with an extension project already submitted to Sintra Town Hall, which will allow the construction area to be increased to 427 m² and create 7 units. The area, which is booming, is in increasing demand for rentals and local accommodation.

The building has a large and versatile area, with a 41 m² commercial store, two storage areas of 22 m² and 51 m², as well as apartments: T4 with 93 m², T2 with 57 m² and T3 with 92 m². The extension project includes apartments ranging from studio apartments to one-bedroom duplexes, all with functional and well-distributed areas. The new apartments will have open-plan kitchens and a construction area of between 51 m² and 85 m². The property, with independent entrances for each fraction, guarantees privacy and autonomy for its future occupants.

In terms of year of construction, the original building dates back to 1951, and the extension project is in the process of being approved, giving the future owner the chance to modernize and make the most of the property quickly and efficiently. The building does not have private parking, but the location offers easy parking in the immediate vicinity. The strategic location and growing demand for local accommodation make it highly appealing to investors.

The location of this property is one of its greatest assets. In the heart of Sintra, it offers easy access to a wide range of services, including supermarkets, pharmacies and banks, and is well connected to public transport, with bus and train stops nearby. Quick access to the IC19 and A16 makes it easy to get to Lisbon and Cascais, and Lisbon Airport is around 30 minutes away.

The Sintra area is famous for its rich cultural and historical offerings, with a huge demand from tourists. Largo da Feira, where the property is located, is a vibrant and fast-growing area with many restaurants, stores and tourist attractions, such as the Pena Palace and the Moorish Castle.