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Property description
We present this building for a complete renovation, with specialist projects already approved, located in the heart of Cacilhas, close to the iconic Rua Cndido dos Reis.Built in 1817, this building is located in an Urban Rehabilitation Zone (ARU), which means it can count on significant support from the City Council, which is offering a total of 30, 000 euros, equivalent to 2, 500 euros per apartment.The renovation project includes the creation of eight apartments, distributed in two per floor, with the possibility of expanding the building by adding two more floors. This investment opportunity aims to transform the building into a high-potential local accommodation unit, with an expected annual revenue of around 550, 000 euros per season, based on a detailed profitability study.Located opposite the tourist office and in a vibrant pedestrian area, full of restaurants, bars and leisure areas, the property is just 200 meters from the ferry terminal, providing quick and direct access to Lisbon's Baixa Pombalina. This proximity to public transport makes the location even more attractive for tourists and residents, consolidating the building as an excellent option for investment in short-term tourism.With a privileged location and significant profitability potential, this is a unique business opportunity in the center of Cacilhas.