Oporto, Oporto, Portugal
- PROPERTY TYPE
Block of Apartments
- SIZE
3,649 sq ft
339 sq m
Description
Iconic Location and Secure Investment
Located in one of the most desirable areas in the world, this vacant building represents the perfect symbiosis between the history of Porto and modern real estate potential. With a project approved by the Porto City Council for complete renovation, this asset is located in an ARU Zone, guaranteeing significant tax benefits (such as VAT reduced to 6% on renovation and exemptions from IMI/IMT).
The Project: Elegance and Functionality
The project was designed to maximise the gross area and sun exposure (South/North), distributed as follows:
Floor 0: Prestigious commercial space with 72.64 m² (ideal for a boutique or premium services).
Floors 1, 2 and 3: Three spacious one-bedroom apartments, with areas of 91.69 m², 98.42 m² and 102.43 m², respectively.
Floor 4 (Set back): A magnificent two-bedroom apartment with 132 m², complemented by a private patio of 29 m² with panoramic views over the Douro and Ribeira.
Property Highlights:
Total Construction Area: High occupancy efficiency.
Condition: Vacant, ready for construction to begin.
Accessibility: Project includes installation of a lift.
Views: Frontal Douro River and Ribeira do Porto.
Sun Exposure: South and North, ensuring constant natural light.
Strategic Location:
Douro River: 50 metres away.
Ribeira do Porto: 250 metres away.
Historic Centre: 1 km away (walking distance).
Surroundings: Surrounded by the best traditional shops, renowned restaurants and public transport.
Why this investment?
In addition to the organic appreciation of the city of Porto, the existence of an approved project eliminates licensing risks and accelerates time-to-market. Whether for resale of luxury units or income exploitation, this is a highly liquid asset.
Contact us to consult the plans and descriptive memory of the project. Come and see the future of Ribeira.
#ref: 808348
Oporto, Oporto, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Porto(International)6.0 miles
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Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 808348) 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.