Investment Building with Approved PIP in Paranhos, Porto

Situated in the heart of Paranhos, this building offers a rare investment opportunity in Porto’s most sought-after academic and medical district. Located directly adjacent to the Asprela University Campus, the property benefits from a vibrant urban atmosphere and consistent rental demand. This rehabilitation project comes with a fully approved PIP (Prior Information Request), making it a secure and strategic choice for developers looking to capitalize on a rapidly appreciating area known for its innovation and professional growth.

The architectural vision for this property includes the creation of four distinct residential units, meticulously planned to balance modern aesthetics with practical urban living. The layout comprises three sophisticated 1-bedroom apartments and one spacious 2-bedroom apartment. These units offer generous floor areas ranging from 68 m² to 163 m², catering perfectly to high-end students, healthcare professionals from the nearby São João Hospital, or young families seeking a central and well-connected home in the city.

Spanning a total construction area of 472 square metres above ground, the project is intelligently distributed across five levels, including a mezzanine. The development focuses on both the alteration and extension of the current structure, reaching a total building height of 17.30 metres. With an implementation area of 165 m², the design ensures a high volume of construction while maintaining architectural harmony, promising a final product of exceptional quality that meets all contemporary standards of comfort and energy efficiency.

Beyond the building itself, the surrounding infrastructure is unparalleled, with major metro stations and essential services just a short walk away. The immediate proximity to the VCI ensures quick road connections to the rest of Porto and northern Portugal. This is a definitive asset for any portfolio focused on long-term capital growth and high rental yields in Paranhos. We invite you to contact us today for further technical details regarding the approved project and to arrange a private viewing of this exceptional opportunity.