APP Real Estate
For sale

📍 Almada, Setúbal, Portugal

Building for Sale in Almada - Setúbal - Portugal

Overview
  • Size: 700 m²
Description

Excellent Investment Opportunity in Cova da Piedade, Almada Exclusive property investment opportunity on Lisbon's South Bank (of the Tagus): a residential building under full ownership, with floors capable of independent use. Registered for tax purposes in 1988, this asset is in excellent condition and has already benefited from modernisation work and improvements.

Main Features of the Building:

Configuration:

Building comprising 4 floors (Ground Floor, 1st, 2nd and 3rd floors), with a total of 8 independent residential units Layout and Property Types by Floor

  • Ground Floor Right and Ground Floor Left: Units each with a gross private area of 73,10 m².
  • 1st, 2nd and 3rd floors (Right and Left): 6 units, each with a gross private area of 79,10 m², plus a gross ancillary area of 2,50 m² (balconies/enclosed balconies).

Asset Optimisation Potential:

Stability and Low Risk:

The building currently has an occupancy rate of 100%, confirming the strong and robust residential demand in this area.

Value-Enhancement Potential (Upside):

The property presents a clear opportunity to optimise income over the medium term. Given that the property market in the União de Freguesias de Almada has stabilised at high levels very close to its all-time peak, there is genuine potential to bring current contracts progressively into line with the region's present benchmark values.

Location and Strategic Setting:

Accessibility and Transport:

Exceptionally central, just a 2-minute walk from the Largo Antero de Quental stop and strategically close to the Cacilhas and Pragal transport hubs, providing quick access to Lisbon.

Shops and Services:

Set in an established residential area with an excellent range of nearby services (local shops and Mercado Fresco just a few minutes' walk away, pharmacies, supermarkets, and approximately 10 minutes from Almada Fórum and 15 minutes from hospital facilities).

This is the ideal asset for private or institutional investors or family offices seeking an entire building with excellent market liquidity, asset security and a clear plan for improved performance in a location where whole buildings are rarely available.

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