Building in Campanhã, PortoPorto, Porto

Urban building in total ruin with Request for Prior Information (PIP) approved by Porto City Hall for the construction of a multi-family residential building. A unique investment opportunity in one of the areas with the greatest potential for appreciation in the eastern part of the city. SUMMARY - Total land area: 1,154 m² - Residential construction area: 2,540.90 m² - Underground parking area: 1,166.02 m² - Current state: Ruin (for complete demolition) - Energy certificate: Excluded (building ...Urban building in total ruin with Request for Prior Information (PIP) approved by Porto City Hall for the construction of a multi-family residential building. A unique investment opportunity in one of the areas with the greatest potential for appreciation in the eastern part of the city. SUMMARY - Total land area: 1,154 m² - Residential construction area: 2,540.90 m² - Underground parking area: 1,166.02 m² - Current state: Ruin (for complete demolition) - Energy certificate: Excluded (building in ruin/intended for demolition) DISTRIBUTION AND DESIGN The validated project envisages the total demolition of existing structures and the construction from scratch of a collective housing building with a total of 7 floors. The organization of the space is distributed over 2 floors below the threshold level, intended exclusively for garages and parking, and 5 floors above the threshold level (including a recessed floor) for housing. The proposal also includes an area transferred to the public domain of 113.27 m², already integrated into the local urban design. TAX BENEFITS AND INCENTIVES The property is strategically located in the Azevedo Urban Rehabilitation Area (ARU), which gives the investor the right to apply the reduced VAT rate (6%) on construction/rehabilitation works. Additionally, because the current level of conservation is officially classified as \