1+1 bedroom apartment for renovation near Parliament

1+1 bedroom apartment with 74 sqm of total area, located in the heart of Príncipe Real, just a few meters from the famous Praça das Flores. This property, located on the first floor of a traditional building, recently renovated, consists of a living room with access to 2 balconies, which allows for natural light, 1 complete bathroom, kitchen with windows facing the back for a quiet area and 2 bedrooms , one of which is interior. APPROVED RENOVATION PROJECT: This apartment benefits from a renovation project recently approved by Lisbon City Council, which aims to increase the value of the property while preserving its charm and authenticity. The approved project foresees the creation of a hall, corridor, living room with open space kitchen, 1 complete bathroom that includes laundry, 1 suite with bathroom and closet and 2 balconies facing the back. TAX BENEFITS: As it is located in an Urban Rehabilitation zone, the renovation of this property will allow you to obtain tax benefits such as the possibility of refunding the IMT amount paid on the acquisition of the property, reduction of the VAT rate from 23% to 6% on renovation costs and IMI (annual city tax) exemption for 3 years from the year of completion of the renovations. This is a unique opportunity to acquire a property for remodeling to taste, in one of the most valued areas of Lisbon, just 300m from the famous Praça das Flores and the Assembly of the Republic and Jardim Botânico, with a wide range of restaurants and services around.