Land in Bonfim, Porto

Plot of land with Approved Project and planning permission granted for a 50-room hotel. A unique investment opportunity in Porto's historic city centre, offering a strategic, low-risk asset that combines the rarity of its location with the efficiency of a completed planning process. This is a development plot of 548,67sqm with two street frontages, located on Avenida de Fernão de Magalhães and Travessa da Póvoa, in the parish of Bonfim. The asset has planning permission granted for a 3-star ho...Plot of land with Approved Project and planning permission granted for a 50-room hotel. A unique investment opportunity in Porto's historic city centre, offering a strategic, low-risk asset that combines the rarity of its location with the efficiency of a completed planning process. This is a development plot of 548,67sqm with two street frontages, located on Avenida de Fernão de Magalhães and Travessa da Póvoa, in the parish of Bonfim. The asset has planning permission granted for a 3-star hotel with 50 rooms, allowing rapid entry to the market and eliminating the planning process entirely. The approved project includes a total gross floor area of 2 331,30sqm distributed over 8 floors on the avenue frontage (6 above and 2 below street level) and 4 floors on Travessa da Póvoa. The architecture follows a contemporary concept with elegant, minimalist lines, and includes fully functional spaces such as a lounge, mezzanine, breakfast room and terrace. Although it includes a fully approved hotel project, the plot offers considerable flexibility and potential for conversion to other concepts, such as residential, coliving or services, subject to a new submission to the competent authorities. Set in an area undergoing significant regeneration and urban development, the plot benefits from its proximity to Campanhã Intermodal Station and Porto's Baixa, and is surrounded by prominent new developments, major hotel brands, shops, restaurants and transport links. A development-ready asset, ideal for investors seeking predictability, elegance and high return potential. Don't miss this opportunitybook your viewing today!