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Land for Construction – Ajuda/Lisbon

For sale
€ 2,900,000
Other

Property Introduction

Land for Construction – Ajuda/Lisbon

Land with high post-construction appreciation potential, featuring a configuration of approximately 22 meters in depth and 55 meters in usable width. LOCATION: Lisbon: The parish of Ajuda is an ancient yet charming area located along the Tagus River, offering all essential services and well-established commerce in the western part of Portugal’s capital. The parish of Ajuda has undergone renewal following Portugal’s economic crisis years, becoming more populated and even dubbed Lisbon’s 'New Bairro Alto'. Ongoing improvements in housing and public spaces—as well as in services provided to residents—have led to the classification of this parish, together with Belém, as the new premier zone of Portugal’s capital. A residential building project was designed comprising five floors, with a frontage of approximately 50 meters and a depth of 20 meters, leaving the remaining plot area as communal space. - Estimated construction area per floor: 1200 m² - Possibility to build 42 apartments of T2/T3 typology, each with a gross area of approximately 100 m². Thus, this investment opportunity offers an expected return exceeding 50% of the capital invested. However, it should also be noted that the resale value may increase in the near future, given the severe housing shortage in Lisbon and the urgent need to construct new dwellings across the entire municipality. Come discover your future business opportunity—with me! Hugo Piteira Energy Rating: Exempt

Source: olx
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