Plot with Approved Preliminary Planning Permission (PIP) for a House in Foz Velha.

A collection of three houses for renovation in Foz Velha, one of Porto’s most exclusive and established residential areas, with an approved Preliminary Information Request (PIP). Set on a 228 sqm plot, on a quiet residential street, this property offers an ideal setting for a distinctive renovation project, benefiting from strong local demand and the continued appreciation of property values in Foz Velha. The proposed concept envisages a residential layout distributed over two floors, with a gross construction area of 197 sqm, south-facing orientation, a private garden, parking for two vehicles, and a functional layout comprising four bedrooms, including two en-suite bedrooms, as well as storage areas. The property is being sold in its current condition and comprises three independent units, each with its own separate tax registration, together with a topographical survey and a submitted PIP. Its location within an Urban Rehabilitation Area (ARU) makes it eligible for a reduced 6% VAT rate on renovation works, enhancing the overall investment efficiency.