Overview
- Size: 992 m²
- Price: €695,000
Description
Unique Rehabilitation Opportunity in Montijo Historic Centre We present an exclusive group of 5 urban buildings located in the very heart of Montijo. This is the ideal opportunity for investors seeking a rehabilitation project with high return potential in a central, historic and established area. Location and Structure Highlights
- Prime Location: Set in a pedestrian area, ensuring tranquillity and urban charm.
- Sun Exposure: Building with 4 street-facing elevations, providing exceptional natural light in all future units.
- Current Configuration: Currently comprising a ground floor and one additional floor (in ruins), awaiting a new lease of life through a modern project. The PIP (architecture) has already been approved; only the specialist plans are outstanding, although the proposed layout can be implemented in full. The shops may be converted into housing upon submission of the final drawings. The property has a Request for Prior Information (PIP) submitted to Câmara Municipal do Montijo, which provides for a significant transformation:
- Extension to 3 Floors: Maximum optimisation of the vertical space.
- Gross Construction Area (ABC): Approximately 992 m² for residential use.
- Unit Mix:
- 11 Residential Flats: Comprising 6 1-bedroom (T1) units and 5 T2 units.
- 2 Commercial Spaces: On the ground floor, ideal for local retail or services, benefiting from footfall in the pedestrian area. Why invest here? Montijo is experiencing significant appreciation and growing demand, driven by its proximity to Lisboa and the excellent quality of life it offers. This project combines the charm of historic architecture with the functionality of an efficient new build.
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