Exclusive opportunity in an expanding area of Lisbon

€950,000

676 m² Plot surface

Description

This urban plot, located in Camarate, close to Humberto Delgado Airport, offers excellent potential for a residential project of great value. With a total area of 676 m² and the possibility of building 2,704 m², including 1,352 m² above and below ground, the plot has approved urban feasibility for the construction of a building with 30 one-bedroom flats. Inserted in an Urban Rehabilitation Zone (ARU), the property benefits from tax incentives, including VAT reduced to 6% and municipal taxes with discounts of up to 80%, which provides a great opportunity to monetise the investment. In addition, the land already has basic infrastructure (water, electricity and sewage), and the current prefabricated building is easy to remove. With the possibility of developing up to an additional 1,352 m² for underground car parking, this project offers flexibility to meet a growing residential demand in the vicinity of the capital. The strategic location, just 5 minutes from the airport and with easy access to Lisbon, makes this property highly attractive for a development that will meet the strong demand for housing in the region. This plot offers the flexibility for a tailor-made project, with no ties to previous designs or proposals, allowing the construction to be adapted to your needs and objectives. Not belonging to the AUGI, the licensing process is free of any additional legal risk, guaranteeing total security for the development of the project. If you're looking for an investment opportunity with high potential for growth and profitability, this plot is the ideal choice for you! If you have any questions, don't hesitate to contact me

Engel & Völkers Lisboa MMC

+351 210 200 490

Your advisor: Tatiana Teixeira

Property ID: W-02XYH7

Location: Camarate, Camarate

Camarate is a parish in the municipality of Loures, in the district of Lisbon. Located in the northern part of the Lisbon Metropolitan Area, it is part of the dynamic Greater Lisbon area. Historically recognised for its agricultural heritage, Camarate used to have vast areas dedicated to cultivation, with vineyards and vegetable gardens standing out. However, as time progressed and urban development intensified, the parish evolved, diversifying its economic activities and adapting to new demands. Today, it is a parish on the rise, harmonising residential, commercial and industrial areas. It has modern infrastructure, well-kept green spaces and a variety of leisure options. Its proximity to Lisbon, together with its strategic location and excellent access to public transport, makes Camarate an attractive choice for residence, offering tranquillity without giving up the convenience of the Portuguese capital.

Commission details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.