A distinguished property comprising approximately 874 square meters of gross construction area on a 735-square-meter plot, located on Rua dos Bragas in Porto. Currently vacant and designated for residential and commercial use, this property benefits from an approved development project (PIP), presenting an exceptional opportunity for investors seeking to rehabilitate or develop a high-yield residential scheme in one of Porto’s most iconic neighborhoods. The estate consists of two buildings: a main structure spanning four floors and a secondary building situated in the backyard, offering a versatile mix of residential and commercial spaces. It includes one commercial retail unit of 106 sqm, four two-bedroom apartments ranging from 81 to 141 sqm, a one-bedroom apartment of 70 sqm, and four studio apartments of 41 sqm each, totaling nine apartments and one retail shop. Nestled within a private garden of 333 sqm, the property provides a peaceful urban retreat. Ideally situated in Porto’s historic centre, this residence benefits from a vibrant surroundings filled with culture, amenities, and excellent connectivity. It is just a six-minute walk to the Faculty of Law at the University of Porto, five minutes to Rua de Cedofeita, seven minutes from the renowned Praça dos Leões, eight minutes from Lapa Metro Station, and twelve minutes from Palácio de Cristal and the Super Bock Arena. The property is only a 20-minute drive from Francisco Sá Carneiro Airport, with swift access to major city arteries. Energy Rating: E. #ref:89557

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Data source: https://www.rightmove.co.uk/properties/163476107?currencyCode=GBP#/?channel=OVERSEAS