Setúbal, Setúbal Municipality, Address available on request

Details:- An investment opportunity in the heart of Setúbal, with a project approved by the Setúbal City Council and Turismo de Portugal, for the rehabilitation of the space, which promises to revive the historic Fábrica 1º de Março 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 Setúbal, a privileged location offering spectacular views of the sea, Troia and Arrábida. Its proximity to the Commercial Dock and the Recreational Dock, as well as the Setúbal 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 1º de Março factory, such as the building's façades 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 350m² internal garden, reception and a bar/snack bar, providing guests with a truly memorable experience.
MAIN PROJECT INDICATORS:
Units: 63 fully equipped holiday flats
Average unit size: 49m2
Communal café / co-working space: 90m2
Internal shared garden: 350m2
APPROVED BUILDING AREAS:
Above ground residential / commercial / technical: 4,361m2
Below ground car park / technical: 686m2
Total APPROVED: 5.047m2
Price: 694 / m2 APPROVED