Lisbon, Lisbon, Portugal

Vacant building boasting an approved project (PIP) for two apartments (T1 & T3 Duplex), distributed amongst three floors. The approved volume could also be adapted into a single-family residence. Located very close to Jardim da Estrela and Basílica da Estrela in Lapa, one of Lisbon's most prestigious neighbourhoods.

The architectural project was designed by Pardal Monteiro Arquitectos and comprises a one-bedroom flat with 65m² of gross private area on the ground floor and a three-bedroom duplex flat with 161m² of gross private area on the first and second floors. The approved project represents a total area of 236m², including 10m² of interior common areas.

The building currently consists of two floors and four flats: two apartments on the ground floor and two apartments on the first floor. The entire building currently offers a total area of 171m² (86m² on each floor). The current ceiling height is 2.90 metres and the solar orientation is west and north-east. The building does not have a garage however it would be possible to excavate and build an underground garage accessible via a lift.

Whether for two flats or to be reconfigured into a single-family residence, this property offers an excellent investment opportunity in one of Lisbon's most coveted neighbourhoods.

This property is located very close to Campo de Ourique, the Swiss Embassy and the private and exclusive condominium Jardins da Estrela. This privileged location offers easy access to public transport, including the new metro station which is just a five-minute walk away, proximity to cafés, restaurants and a variety of shops and services. The Estrela neighbourhood is enchanting and is known for its quiet, residential family atmosphere. The neighbourhood is made up of many tree-lined streets, palaces and embassies. The Jardim da Estrela is one of the city's most beautiful parks and the Basílica da Estrela is a national monument with unrivalled architectural beauty.

Estrela offers easy access to other prime areas in Lisbon, such as Amoreiras, Campo de Ourique, Príncipe Real and Chiado. Estrela also offers several renowned schools, such as the Joséfa de Óbidos School, the Salesian School in Praça São João Bosco and the Redbridge International School.

A unique investment opportunity...