Building For Full Rehabilitation With Approved Project - Benfica

Excellent real estate investment opportunity in Benfica, Lisbon, with an approved project for the creation of 10 residential units, through the rehabilitation and enhancement of an existing building.
Located in Calçada do Tojal, in a consolidated residential area of Benfica, this five-storey building represents an opportunity for investors and real estate developers looking to develop an urban rehabilitation project in the city of Lisbon.
The building currently consists of 8 autonomous fractions intended for housing, being inserted in an Urban Rehabilitation Area (ARU) and having an approved project for the creation of 2 more units in the existing building, without increasing volumetry, making a total of 10 apartments.
Due to its configuration, the property is of particular interest for an investment strategy oriented towards the rehabilitation and subsequent individual marketing of the apartments or for exploitation in the rental market.
The building is spread over five floors, with an implantation area of approximately 112 sqm.
The configuration provided for in the approved project includes:
- Subbasement: 2 -T0 apartments, with approximately 28 sqm of floor area each and private patios.
- Basement: 2 -T1 apartments, with approximately 40 sqm of floor area each, with private outdoor spaces, including patio and balcony.
- Ground floor: 2 - T1 apartments, with approximately 43 sqm of floor area each and balconies of about 4.5 sqm.
- 1st floor: 2 - T1 apartments, with approximately 43 sqm of floor area each and balconies of about 4.5 sqm.
- Attic: 2 - T0 apartments, with approximately 27 sqm of floor area each and private terraces.
The proposed configuration allows the creation of a residential complex consisting of 4 - T0 apartments and 6 - T1 apartments, with private patios, balconies and terraces in several units, a feature valued in the housing market.
The building currently has two lease contracts in force, one for life and the other for a fixed term, a situation that should be considered in the planning and scheduling of the future rehabilitation operation.
The area has accessibility to the main roads of Lisbon, allowing connections to different areas of the city.
For more information, consultation of the available documentation or scheduling a visit, contact LANE Exclusive Real Estate.
Energy Rating: D
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