G.V. 500.000 €
Energy Performance Certificate
Total m2: 402
Lot size m2: 308
Year built: 1951
Suitable for the Golden Visa Portugal Programme
Excellent investment opportunity in the center of Porto, with an approved project that allows starting the rehabilitation work immediately.
Building characteristic of the sec. XIX, located in the urban rehabilitation area of Cedofeita, enjoying tax benefits associated with property taxes and special municipal tax regime.
Licensed works for the rehabilitation and expansion of the building to become Horizontal Property, providing for the creation of a fraction of commerce and services and six fractions for housing.
The approved project foresees an increase in the volume of the roof for the quota of adjoining buildings, allowing the creation of a new floor. At the end of the work, the building will have a store and 6 apartments (2 T2 duplex with 135 m2 each, 4 studios with about 50 m2 each).
Total built area: 581 m2 + 200m 2 patio
The speciality projects are already ready and several work budgets are also available, with average values per m2 of 1000 €, (including noble materials and restoration of interesting architectural details).
Description of the area and the local community
This is a unique location, which contains the best of both worlds: we are in the center of Porto, yet in a very calm and peaceful square.
Coronel Pacheco Square is a 6-minute walk from Rua da Cedofeita, 8 minutes from Galerias Paris, and 10 meters from Av. Dos Aliados and Igreja dos Clérigos. Close to all transport, the area has lots of new restaurants and trendy stores, making the neighbourhood one of the most sought after areas in Porto, for housing or tourism.