Renovation Property with Approved Project and Tax Benefits

We present a property with enormous investment potential, located in the historic district of Porto, between the Sé and the Douro River waterfront. This building, with an approved project for 231m2 of construction area, benefits from a privileged location, with high tourist traffic and stunning views of the river. Ideal for Investors Seeking: Renovation opportunities with tax benefits: The property is located in an Urban Rehabilitation Area (ARU), which allows access to tax exemptions and other benefits during the renovation and operation of the property.Attractive return on investment: The privileged location and the potential to explore the property, whether for housing, tourism or commerce, guarantee a return on investment above the market average.Creation of a unique asset: With the renovation, this property can be transformed into a unique and differentiating space, whether for own housing, rental investment or commercial exploration.Property Features: Land area: 91m2Construction area: 231m2 (approved project)Floors: 3Location: Historic district of Porto, between the Sé and the Douro River waterfrontAdditional details:Approved project for a building, in full ownership, with the following independent uses:Ground floor - 55.2m² - T0+11st floor - 95.4m² - 2xT02nd floor - 84.80m² - 2xT0Budget: A budget for total rehabilitation was obtained on 7/Jul/23 in the amount of €521,347.19 + VAT.This is a unique investment opportunity for those looking to rehabilitate a property with history and potential in one of Porto’s most sought-after areas. For more information, please contact us.