BUILDING FOR RENOVATION IN SETÚBAL HISTORIC CENTRE | UNIQUE INVESTMENT OPPORTUNITY

A rare opportunity to acquire a building with outstanding development and appreciation potential in the heart of Setúbals Historic Centre. Located between Travessa do Forno, Rua Gil Vicente and Rua da Alegria, this property enjoys a privileged position just a few minutes from the citys main landmarks.

Situated within an Urban Rehabilitation Area (ARU), the property benefits from tax incentives and advantages associated with urban regeneration, making it highly attractive for investors, developers, or those seeking to create an exclusive residence in one of Setúbals most authentic and sought-after areas.

Just 2 minutes on foot from the São Sebastião Viewpoint, this property combines a prime location, development potential, and the possibility of enjoying open views over Palmela Castle, the Sado River, and the citys historic rooftops.

Development Potential

Based on urban planning feasibility obtained from the Municipality, a preliminary study was developed proposing a residential building comprising 4 units:

1 two-bedroom apartment (T2) - approximately 75.50 m²
1 one-bedroom apartment (T1) - approximately 42.84 m²
2 studio apartments (T0) - approximately 42.80 m² and 34.80 m²
Gross Construction Area: approximately 193.93 m²
Plot Area: approximately 165.60 m²

Note: The project presented is a preliminary study based on existing planning feasibility and is subject to the respective licensing and approval procedures.

Key Highlights

Building for renovation in Setúbal Historic Centre
Located within an Urban Rehabilitation Area (ARU)
Tax benefits associated with urban rehabilitation
Preliminary study for 4 apartments based on planning feasibility
Potential for a large private residence with courtyard
Possibility of a panoramic terrace overlooking Palmela Castle and the Sado River
Excellent opportunity for investors and developers
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