Engel & Völkers
New

Investment opportunity near Praça de Espanha

€955,350
  • 4 Rooms
  • 3 Bedrooms
  • 1 Bathrooms
  • ~155 m² Total surface
  • ~140 m² Living area
  • ~140 m² Plot surface
  • ~15 m² Terrace surface

Description

We present a unique investment and appreciation opportunity in one of the city’s most central and strategic areas, within short distance of Praça de Espanha. This is a 3-bedroom house in ruins, intended for complete reconstruction, with enormous potential to create a contemporary and bespoke residence, meeting the highest standards of comfort and quality. The property has a total area of 155 m² and 140 m² of usable area, allowing the development of a harmonious and well-distributed project. It also includes a 15 m² front patio, ideal for creating a welcoming reception area or private outdoor space, and a pleasant 50 m² rear garden, perfect for a leisure area, landscaped garden, or outdoor social space. In addition to the rehabilitation of the existing house, the property also has construction potential for the development of a building of up to 3 floors, with the possibility of an underground garage, representing an excellent opportunity for real estate development in an area of high demand and strong appreciation. The location is one of its greatest attributes: set in a well-established central area, it benefits from all kinds of public transport, traditional shops and large retail stores, renowned educational institutions, as well as proximity to hospital units and essential services. An ideal solution for those looking to develop an exclusive residential project in an urban context, or for investors who value assets with high construction and appreciation potential in a premium location. For more information or to schedule a visit, we are at your disposal.
Features
GardenTerrace
engel & völkers shop image

Engel & Völkers Lisboa MMC

Your advisor: Ana Wagner

Property ID: W-0488OZ

Property details
  • Object type

    Detached house

  • Rooms

    4

  • Bedrooms

    3

  • Bathrooms

    1

  • Total surface

    ~155 m²

  • Living area

    ~140 m²

  • Plot surface

    ~140 m²

  • Terrace surface

    ~15 m²

  • Garden surface

    ~50 m²

Energy efficiency information
  • Energy certificate available

    In progress

  • Energy certificate type

    Consumption certificate

Location: Avenidas Novas, Lisbon

When Lisbon expanded in the mid-20th century, it did so northwards, away from the river, creating residential and business areas along long avenues. They became known as the “new avenues,” where beautiful mansions were originally built. Some of the original buildings still survive. Many visitors to Lisbon pass through here on the way to some of the city’s best museums (the Calouste Gulbenkian Museum is a must-see), and many even stay in the area, since a large number of the capital’s hotels are located here. Amid all this you can still find several standout restaurants, as well as the most popular shopping malls. Areas well served by transport, services, shops, schools, and only 5 minutes from the airport, with good access to the main routes to all parts of the city or out of it heading North/South.

Contact the provider

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by EV MMC Portugal - Mediaçáo Imobiliária Unipessoal Lda.. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data EV MMC Portugal - Mediaçáo Imobiliária Unipessoal Lda. stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers Lisboa MMC

engel & völkers shop image

Provider:

EV MMC Portugal - Mediaçáo Imobiliária Unipessoal Lda.

Privacy policy of content provider

License partner of Engel & Völkers Residential GmbH

wavy pattern