Development project

New Development COVELO PARK

€310,000

1 Unit for sale

Equipment and special features of this development project

The new COVELO PARK residential condominium is located on a plot of about 2000 m² between Rua de Álvaro Castelões and Travessa do Monte de S. João, opposite Parque do Covelo. The project includes 3 buildings: - Building A: entered from Travessa do Monte S. João, with 5 floors; - Building B1: with an entrance on Travessa do Monte S. João, with 5 floors; - Building B2: with entrance on Rua de Álvaro Castelões, with 4 floors. The garage, entered from Travessa do Monte de S. João, has 49 parking spaces for the apartments, ready for charging electric vehicles.

Engel & Völkers Porto Cidade

+351 225 323 690

Your advisor: Dania Menezes

Project ID: D-000LFS

1 Unit for sale

Porto, Porto District, Portugal

2-bedroom apartment with balcony and garage - Paranhos

€310,000

Location: Porto, Porto District

The COVELO PARK residential condominium has a unique location, facing Covelo Park, on Rua de Faria de Guimarães and its access to Porto's internal ring road (accesses A1, N13, A3, A4 and A28). The 8-hectare Covelo Park is the result of the old Quinta de Paranhos, bought in the 20th century by a merchant, José do Covelo, who gave it its current name. The farm was donated to Porto City Hall, which manages the space available to the public. In 1987/88, the quinta was restored on the basis of a project by architect Castro Calapes. The playground was designed by architect Célia Peralta. It also houses an environmental education center and a dog park in a delimited area with street furniture and some facilities that make it very pleasant for animals and their owners to pass through. This is a consolidated residential area, very close to Avenida dos Combatentes, Marquês, Constituição and the University Pole, very well served by public transport (buses and metro - Marquês, Combatentes and Salgueiros), indicating a high and secure potential for development.

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Planned start of construction: June 2024; Deeds expected: March 2026; Payment terms: - 20% on CPCV; - 15% on completion of the structure; - 15% with the window frames; - 50% on deed.