New
Historic building for renovation in downtown Porto
€848,000
- 5 Rooms
- ~134 m² Total surface
- ~113 m² Living area
- ~56 m² Plot surface
Description
In the heart of the city of Porto, just a few meters from the iconic Lions’ Square, the Church of Carmo and some of the city’s most important points of interest, stands this historic 18th-century building, located within the area classified as a UNESCO World Heritage Site.
With a current area of 133 m² spread over two floors, the property offers strong expansion potential, allowing it to reach an area of over 300 m², subject to the relevant projects and approvals. This is an excellent opportunity to develop a high-quality residential development, apartments intended for local lodging (AL), units for long-term rental, or even a mixed-use project with a commercial component.
Located within Porto’s Urban Rehabilitation Area (ARU), it benefits from a set of highly attractive tax and urban-planning incentives, namely exemption from IMT and favorable conditions for rehabilitation processes, making the investment even more competitive.
Growing demand for Porto’s historic center, driven by tourism and the interest of national and international investors, makes this property a rare opportunity in a market where buildings with these characteristics are increasingly scarce.
The combination of the building’s heritage value, its prime location and its significant construction potential makes it possible to create a unique project, capable of generating substantial appreciation and an excellent return on investment.
If you are looking for a distinctive asset to develop in one of Europe’s most dynamic real estate destinations, this is an opportunity that deserves your attention.
Main features:
- 18th-century building;
- Premium location next to Lions’ Square and the Church of Carmo;
- Located in a UNESCO-classified area;
- Included in an Urban Rehabilitation Area (ARU);
- Current area of 133 m²;
- Expansion potential to over 300 m²;
- Excellent opportunity for investment and rehabilitation.
Property details
- Object type
Detached house
- Rooms
5
- Number of Floors
2
- Total surface
~134 m²
- Living area
~113 m²
- Plot surface
~56 m²
Energy efficiency information
- Construction year
2012
- Energy certificate available
Yes
Location: Clérigos, Porto
Historic Center of Porto
Living in Porto’s Historic Center means being surrounded by centuries of history, culture, and architecture in one of Portugal’s most emblematic and sought-after areas. Listed as a UNESCO World Heritage Site since 1996, this district combines the charm of medieval streets, centuries-old buildings, and historic squares with a vibrant range of shops, restaurants, leisure options, and services.
Just a few minutes’ walk away are some of the city’s most iconic landmarks, such as the Clérigos Tower, Livraria Lello, Carmo Church, São Bento Station, Aliados Avenue, and the Ribeira, as well as a wide selection of museums, art galleries, traditional cafés, and renowned restaurants.
An excellent public transport network, including the metro, buses, and the railway station, ensures quick connections across the city and to Francisco Sá Carneiro Airport.
The Historic Center is also one of the most highly valued areas in the Portuguese real estate market, attracting residents, investors, and visitors from around the world. Strong demand for housing, tourist accommodation, and commercial spaces, together with the area’s ongoing appreciation, makes this location an outstanding choice for living or investing.
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