Located in the vibrant heart of Porto, this exclusive and exceptional building offers a remarkable investment opportunity in one of the city's most iconic areas, surrounded by renowned streets such as Fernandes Tomás, Dr. Alves da Veiga, Formosa, and Santa Catarina. Spanning a gross private area of 472 square meters on a 214.70-square-meter footprint, this versatile property presents multiple development prospects. Currently suitable for commercial and service-oriented uses, the interior layout can be reconfigured to create spacious, functional office spaces perfect for diverse business needs. Additionally, there is significant potential to expand the building's usable area and increase its height to four floors—matching neighboring structures—and convert it into elegant residential apartments. The property’s flexible design allows for a combination of uses, including ground-floor retail or commercial premises, with upper floors dedicated to residential apartments and intermediate levels for offices, subject to approval through a PIP (Individual Improvement Plan) submitted to the local city council. With no tenants currently in place and the option for covered parking, this prime property stands as a secure investment with promising growth potential and strong returns in Porto’s dynamic real estate market.

Block of apartments

Data source: https://www.rightmove.co.uk/properties/166898933?currencyCode=GBP#/?channel=OVERSEAS