Building for rehabilitation of the existing area (991 sqm) and three additional floors predicted to be built (526 sqm), totalling a 1517 sqm construction gross floor area plus a 96 sqm patio. This information is in the PIR (Prior Information Request), which is in final stage of approval.
Some apartments are currently rented, with an annual income of 100.000€ (approximately). The property can be sold without tenants. In case this is one of the buyer´s conditions, the owners have the situation insured.
The building was built in 1930, according to a project signed by Raul Lino, a renowned Portuguese architect, and it was a reference work at the time. Premium and noble materials were used in the construction, so the building is in an excellent state, despite of its antiquity. Only a few metres from Jardim Constantino, this building offers a strong potential to invest, not only as a long term experience, but also to local housing, since there isn´t much offer in this area of the city.