Building for Sale, Paranhos, Porto

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Property details

• District
  Porto
• County
  Porto
• Locality
  Paranhos

• Area
  492 m²
• Plot area
  918 m²
  
• Build Year
  1988

• Price
  685.000 €
• Energy Rating
  Isento

• Property code
  IP-1315

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Description

Excellent investment opportunity in one of the most solid and consistent areas of the Porto real estate market, with high demand and reduced risk due to Asprela's academic and hospital surroundings.

Building + Land with PIP APPROVED in Paranhos, Porto.

Old building, consisting of ground floor, 1st, 2nd and attic, inserted in two independent articles (building + land), which adds legal and strategic flexibility to the project.

Building for rehabilitation with PIP approved for 4 apartments (3 T1 duplex and 1 T2 duplex), designed to maximise profitability, comfort and demand in the modern rental market.

Approved PIP already defined, reducing urban risk and development time
Product designed for high liquidity in rental
Typologies adjusted to the real demand of the area (students and health professionals)
Two independent articles, with greater flexibility for future valuation
Strong potential for immediate and recurring profitability
Scarce product in a consolidated area and highly pressured by demand

Inserted in the Asprela - Paranhos area, one of the most dynamic and consistent rental hubs in Porto:
A few minutes from the University of Porto
Close to São João Hospital and the Portuguese Institute of Oncology in Porto
Strong public transport network (Metro and STCP) with direct connection to the centre
Quick access to the VCI and the city's main roads
Commerce, catering, supermarkets and services within walking distance
Zone with a continuous flow of national and international students

Project composition:
3 T1 apartments
1 2 bedroom duplex flat

Area of the fractions:
T1 - 70 m²
T1 - 82 m²
T1 - 68 m²
T2 - 163 m²
Total gross construction area: 472 m²
Building with 5 floors (4 + mezzanine)

This is not just a rehabilitation project. It is an asset positioned in one of the areas with the highest income stability in the Porto market, where demand consistently exceeds supply.

As an agency specialised in real estate investment in Porto, we provide market research for estimated profitability, future marketing strategy of the fractions and close monitoring throughout the process.

Ideal for investors, property developers or premium rental project in Porto.