Oporto, Oporto, Portugal

Investment opportunity in Boavista, Porto, with the revitalisation and conversion for collective housing, of a building with a PIP in the final stage of approval. Located in the city centre, this property is situated in an area of high demand, both for residence and investment, benefiting from a consolidated urban setting. The building, originating from 1920, boasts a potential construction area of 759.24 m² and a gross construction area of 667.96 m². The submitted project foresees its full reconfiguration, maintaining the existing structure and adding a vertical expansion, resulting in a total of 12 residential units distributed in a balanced manner. The intervention includes the creation of new vertical accesses, including stairs and an elevator, as well as the reorganisation of interior spaces and the introduction of outdoor areas, such as balconies and a garden. The architectural solution respects the urban context of the surroundings, with the new floors set back from the main facade. The location is one of the main factors enhancing the value of this asset. Situated approximately 200 metres from Rotunda da Boavista, the property is close to important city landmarks, as well as a vast array of commerce, services, dining, and hotel accommodations. The area is also served by health infrastructures, educational institutions, business centres, and green spaces, ensuring a complete and functional urban experience. In terms of accessibility, proximity to public transportation is noteworthy, namely the metro about a 5-minute walk, as well as easy connections to the main roadways of the city. This centrality ensures high attractiveness for future residents or for the rental market, fostering different investment exploitation strategies. In summary, this is a building with strong value enhancement potential, based on a rehabilitation and expansion project that meets the current demands of the real estate market. The combination of strategic location, consolidated urban framework, and development viability makes this asset a solid choice for investors seeking a project with differentiation potential in Porto.