Setúbal (São Sebastião), Setúbal Municipality

An investment opportunity in the heart of Setbal, with a project approved by the Setbal City Council and Turismo de Portugal, for the rehabilitation of the space, which promises to revive the historic Fbrica 1 de Maro as an exuberant tourist development, with a 4 rating, made up of 63 apart-hotels. The project could be altered into residential units, should this be the core business.Situated just a few minutes from the heart of Setbal, a privileged location offering spectacular views of the sea, Troia and Arrbida. Its proximity to the Commercial Dock and the Recreational Dock, as well as the Setbal Marina, offers guests privileged access to a variety of nautical and recreational activities.The approved project will preserve the characteristic architectural elements of the former 1 de Maro factory, such as the building's faades and imposing chimney.The project is characterised by differentiation, combining local and international influences in an aspirational environment with excellent design. The building's industrial heritage is carefully incorporated, evoking the essence of New York and East London.The project also provides outstanding amenities, including car parking, a 350m internal garden, reception and a bar/snack bar, providing guests with a truly memorable experience.MAIN PROJECT INDICATORS:Units: 63 fully equipped holiday flatsAverage unit size: 49m2Communal caf / co-working space: 90m2Internal shared garden: 350m2APPROVED BUILDING AREAS:Above ground residential / commercial / technical: 4, 361m2Below ground car park / technical: 686m2Total APPROVED: 5.047m2Price: 694 / m2 APPROVED