Block of apartments for sale
Oporto, Oporto, Portugal
- PROPERTY TYPE
Block of Apartments
- SIZE
4,456 sq ft
414 sq m
Description
This development and rehabilitation asset is located in one of Porto’s most prestigious and sought-after areas, just steps from the Crystal Palace Gardens.
The property consists of a 3-storey building with a current gross construction area of 552 m², set on a 199 m² plot, with strong potential for expansion. Built prior to 1951, the building requires full rehabilitation and allows for the addition of 1 to 2 extra floors, increasing the total buildable area to approximately 700 m².
Key investment highlight:
The property is sold together with the adjoining building, enabling a combined above-ground construction potential of approximately 1,050 to 1,250 m², making it ideal for residential development, serviced apartments, student housing or mixed-use projects (subject to municipal approval).
Asking price for both buildings: €1,250,000
Investment Highlights
Prime central location in Porto
Expansion and redevelopment potential
High demand area for residential and rental markets
Strong fundamentals for capital appreciation
Suitable for developers and institutional investors
Strategic Location
Crystal Palace Gardens – 30 m
Santo António Hospital – 150 m
New Metro Station (Pink Line) – 150 m
City Centre – 750 m
Close to major universities and business hubs
A rare opportunity to acquire a scalable development asset in a consolidated and growing real estate market.
Schedule Your Visit Today and Discover the Full Potential of This Building in the Heart of Porto!
#ref: 776786
Oporto, Oporto, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Porto(International)6.0 miles
Advice on buying Portuguese property
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Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 776786) 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.