Av. 5 de Outubro 33 - Setúbal_Property for Sale
Av. 5 de Outubro 33 - Setúbal_Property for Sale
Av. 5 de Outubro 33, Setúbal, Setubal, 2900-308, PT

Av. 5 de Outubro 33 - Setúbal

Asset Description

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.

...

Attributes

Asking Price
THB 67,658,000
Building area Gross
2,286 m²
Year built
1950

Media

Investment Highlights

Project in place for a student house schem with 61 rooms.

Plot area - 950 sqm

GCA above ground - 2.286 sqm

GCA under ground - 583 sqm

Floors above ground - 3

Floors below ground - 1

Av. 5 de Outubro 33 - Setúbal 4_Property for Sale
Av. 5 de Outubro 33 - Setúbal 4_Property for Sale

Contact brokers

Av. 5 de Outubro 33 - Setúbal (0 Properties)
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Last updated
3 Jul 2023