LOURES

Portugal

A rare opportunity for investors and property developers: an urban residential building with 480 m² (5,167 sq ft) of gross construction area, spread over 4 floors, located on Courela das Hortas, in São João da Talha (parish of Santa Iria de Azoia, São João da Talha e Bobadela, Loures municipality).

The building comprises 8 self-contained residential units in its original layout: 2 one-bedroom apartments on the ground floor (left and right) and 6 two-bedroom apartments spread across the 1st, 2nd and 3rd floors (left and right on each floor), totalling approximately 400 m² of gross private area and 80 m² of gross dependent area (balconies/storage rooms).
The property requires renovation and is currently held under sole/undivided ownership (not yet split into a condominium/horizontal property regime) a condition that represents both the challenge and the opportunity of the deal: a buyer has the scope to fully refurbish the building, establish the condominium regime, and then resell or let the 8 units independently, in a local market that is appreciating strongly.

Location:
Established residential area of São João da Talha / Bobadela, with good access to Lisbon and Parque das Nações (Linha do Norte train station, access to the A1 and A8/IC2 motorways), local shops and services.

Key features:
Building typology: 2×1-bed + 6×2-bed apartments (8 units)
Gross construction area: 480 m² (5,167 sq ft)
Gross private area: ~400 m² (4,306 sq ft)
Gross dependent area: ~80 m² (861 sq ft)
Number of floors: 4 (ground + 1st + 2nd + 3rd)
Plot/footprint area: 162 m² (1,744 sq ft)

Sole ownership (condominium regime not yet established)
Excellent opportunity for refurbishment and resale as individual units, or for rental
Energy Rating: E
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