Building for Renovation - Historic Centre of Porto
This is an exclusive and unrivalled building, located in the heart of the undefeated city of Porto, surrounded by the iconic streets of Fernandes Tomás, Dr. Alves da Veiga, Formosa and Santa Catarina. It presents itself as an unquestionable investment opportunity, simultaneously in two aspects:
- the allocation of the property to commerce and services, which translates into the reorganisation of the interior layout, giving rise, for example, to a diversity of functional and spacious offices;
- changing its use and expanding the building′s usable area, increasing the number of floors to 4 (to the height of the adjacent buildings), converting the building into residential apartments.
It is also worth mentioning that this same building could accommodate all three uses: residential upper floor, office floor below, and ground floor for commercial premises.
All this potential requires the submission of a PIP (Individual Improvement Plan) to the respective City Council for approval of these new value-added features.
With its 472 m² of gross private area, and a footprint of 214.70 m², without tenants and with the possibility of covered parking, this extraordinary property presents itself as a real guarantee of return on the initial investment.
