Av. 5 de Outubro 33 - Setúbal

Land plot with a total area of 950 sqm with an existing building with 500 sqm, in an advanced deterioration status.

Project foresees the requalification of the existing building and its expansion to the adjacent plot. Although not considered a protected building, the asset is composed by architectural significant details, with an

historical importance, that will be incorporated in the new project in order to enhance its commercial appeal.

Flexible uses possible:

Ongoing development and approval of architectural project for a PBSA scheme with 61 rooms with an average area of 14 sqm.

Potential to develop a residential project, given the in-place general Masterplan (PDM).

The asset is within an ARU, resulting in potential VAT reduction on construction costs.