Lisbon, Lisbon, Portugal

Building with an approved project for full refurbishment in Arroios

This building, with an approved project, is located between Rua António Pedro and Rua Pascoal de Melo, in Arroios, Lisbon. The building dates back to 1915 and is classified as a property of municipal interest by Lisbon City Council, and is being sold with an approved alteration project and all licences paid for the full refurbishment.

The building has a footprint of 294 sq m and a gross construction area of 1,135.3 sq m, distributed across five existing floors, with the possibility of creating an additional rooftop floor in accordance with the approved project.

The building is currently organised with two apartments per floor, located on the first, second, third and fourth floors, totalling eight vacant residential units. There are four apartments with four bedrooms, an office, a living room, a kitchen, a bathroom, a pantry or storage room, and balconies, and four apartments with three bedrooms, an office, a living room, a kitchen, a bathroom, a pantry or storage room, and balconies.

The approved project is the reorganisation of the building with two apartments per floor, creating four 2-bedroom apartments with generous balconies and four 3-bedroom apartments, also with balconies. The project also includes the creation of a penthouse occupying the entire rooftop of the building, corresponding to the new fifth floor. The installation of a lift and the restoration of the building’s original architectural elements and details are also planned.

Located in Arroios, in a central area of the city close to Saldanha, this building benefits from proximity to shops, services, restaurants, public transport and metro stations. Lisbon Airport is within a short distance, and parking options for residents, as well as parking subscriptions, are available nearby.

**Images used are for illustrative purposes only and are non-contractual**

EPC: F

Here you can enjoy palaces and manor houses (Palacete da Estefânia, Sotto Mayor Palace), Anjos Church, schools (Camões Secondary School, former Liceu Camões and Universidade Autónoma de Lisboa), the Hospital de Santo António dos Capuchos, the Cinema Império and the Neptuno fountain in Largo de Dona Estefânia, as well as several restaurants and traditional shops.

As it is so central, it has a good transport network (Metro and buses) that allows easy access to other parts of Lisbon, making this property an excellent investment for long-term rentals as well as owner-occupied housing, offering a comfortable life in the city centre.

Please note that all distances and measurements are approximate and, for security reasons, do not represent the property's exact location. For more information on the precise location of the property and its surrounding area, please contact the listed Property Adviser.

Property Reference: RSI