Santo António, Lisbon

We present a unique opportunity to acquire a building with a patio, located on the prestigious Rua Artilharia 1, in the heart of the Portuguese capital. This property has enormous potential for the construction of a dream villa with a private garden or a small condominium of 3 to 5 apartments; or the creation of a sustainable business, such as co-living or a hostel.The building currently has an architectural project approved by the Lisbon City Council for the construction of a single-family house with the following characteristics:- gross construction area: 445 m- footprint: 96.36 m- number of floors: 5, served by an elevator.The approved project foresees the demolition of the existing building, with preservation of the main faade, and construction from scratch. The 3D images presented in the advertisement is a visualization of the approved project. Location:Situated in one of Lisbon's noblest areas, the building is close to a wide range of amenities, including restaurants, stores, the Marqus de Pombal metro station, gardens and schools. The privileged location guarantees an excellent quality of life, with all the necessary infrastructure just a few steps away. Just a 10-minute walk from the famous Avenida de Liberdade, and a 10-minute walk to Amoreiras Shopping.Project development opportunities:- Luxury housing: Create your dream home in one of the best areas of Lisbon.- Private condominium: Develop a small condominium of apartments for resale or rent.- Profitable business: Take advantage of the location to create luxury co-living or a hostel in the center of Lisbon.Investment advantages:- Guaranteed doubling of the value per m2 once the property has been rebuilt, bearing in mind that the average value per m2 of new-build properties already sold in the area is 8, 000;- high and constant demand for new or renovated properties from buyers and tenants;- the neighborhood is constantly growing and developing;- a guaranteed minimum annual return of 7.5% on long-term rentals and 12% on short-term rentals.For investors who want to adapt the existing project into a luxury hostel or other type of business, changing the project is made much easier thanks to the use of SIMPLEX, the system that streamlines approval processes with the competent authorities. This mechanism makes it possible to speed up and simplify bureaucratic procedures, whether for adjustments to the approved project or for submitting a new project, ensuring that the desired changes can be implemented more quickly and effectively.To schedule a visit or for more information, please contact us. This property is managed by Century 21 Realty Art, NEFILIM, Lda, AMI 16282. We work with colleagues from all agencies.