Urban Land in Porto with Approved Residential Project

Situated in the vibrant heart of Cedofeita, this exceptional Urban Land represents a rare opportunity to invest in Porto’s historic centre. This premium plot is located within a designated Urban Rehabilitation Area, offering a seamless blend of traditional charm and contemporary potential. With architectural plans and technical specialities already approved, and all construction licences paid, the site is perfectly positioned for immediate development, allowing investors to bypass lengthy administrative hurdles and begin construction without delay.

The approved project envisions a sophisticated residential complex comprising ten distinct units. The layout features four elegant 1-bedroom apartments and four spacious 2-bedroom apartments, alongside two independent lofts tucked away at the rear for enhanced privacy. Each residence is designed to meet the high standards of modern urban living, focusing on light and flow. Furthermore, the flexible design allows for a seamless transition into a serviced apartment or apart-hotel model, catering to the city's flourishing tourism and executive rental markets.

Spanning a gross construction area of 920 square metres, the project offers a generous scale for a high-end development. The technical specifications have been meticulously prepared to ensure structural integrity and aesthetic harmony within the historic surroundings. Investors can also benefit from significant tax advantages associated with the rehabilitation zone, including a reduced VAT rate for construction costs. This level of readiness ensures that the capital is deployed efficiently, maximising the profitability of the venture from day one.

Outside, the 388-square-metre plot includes plans for a private garden and a swimming pool, providing a tranquil sanctuary amidst the bustling city. Two dedicated parking spaces add essential value in this central location. Positioned within the sought-after district of Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória, the property is surrounded by Porto’s finest cultural landmarks and amenities. To explore this distinctive investment opportunity in further detail, please reach out to our team and arrange a private consultation.