Opportunity for Investor: 5 building apartments with remodeling authorization in the Historic Center of Setúbal.
DESCRIPTION:
The acquisition covers the first and second floor, as well as the attic of a building located in the center of Setúbal.
The building is currently composed of the following:
-On the ground floor: a store, an inner courtyard and an apartment, which will be maintained by the current owner. There are still two access to the upper floors.
- On the first floor: 3 apartments
- On the second floor: 2 apartments
- attic: empty
The building is currently classified as ruin.
Renewal Project:
Located in the vibrant heart of the authentic city of Setúbal, near stores, Porto and the beaches:
- Purchase of 3 floors: 1st, 2nd and attic
- 5 apartments - from studios to t1
- Gross sales area: 234.44 m²
- Luminosity and exteriors of each unit
- Project for real estate promotion or investment for lease
- Excellent profitability
- Renewal license presented and pending validation by the City Council (September 2025)
Located between the sea and nature, Setúbal seduces by its authenticity and quality of life. Just 40 minutes from Lisbon, this dynamic port city offers an exceptional life environment overlooking the coast of Galé, among the paradise beaches of Serra da Arrábida, an animated urban center and a renowned cuisine. Ideal for sea lovers, nature and tranquility, Setúbal combines the traditional charm with modern amenities.
This rapidly expanding neighborhood offers the ideal scenario for investors looking for a new opportunity, whether a real estate development project or a short or long lease investment.
The central location of this building will allow future occupants to enjoy the animated environment, stores and restaurants. In addition, proximity to public transport will facilitate the exploitation of the various tourist attractions of the region.
With the rehabilitation license scheduled for September 2025, the works can start quickly.
Do not miss this opportunity in the heart of a prestigious and coveted region, just minutes from the Portuguese capital.
For more information and to schedule a visit to the place, contact us today.
#ref: 145790
Features
Useful area (m²) :
234.00
Diagnostics
Energy Efficiency class
N.C.
Greenhouse gas emission
N.C.
Presented by
IAD Portugal SA
Av. da Boavista 934
Porto
Portugal
http://www.iadportugal.pt/
