Building in Historical Barreiro

Sale of Total Building with Project Approved.

Located in a quiet tree-lined square, just a few meters from the Barreiro river front in the historical area surrounded by the church, local cafes and restaurants, the green boardwalk along the riverfront, outside gymnasium, public swimming pools and only a short drive to the ferry terminal where you can be in Lisbon in 20 minutes.

This building is from 1988 and offers a rare combination of an amazing location and its development potential.

The ceiling heights for the building are above 3 meters, providing large and bright spaces.

The Architectural design + specialty design is to expand the building to 315 m2 and transform it into 6 studio apartments. The project is already approved.
Building has 6 T0 apartments approved with a new floor

299,000 purchase price for 285m2 as is and 315m2 with new roof.

Renovation of building as is to build 4 medium high level apartments with top two apartments adding 2 terraces. 250-300,000 (possibly less, depends on state of the roof and floor beams)

Sale amount:
4 T2 apartments + 2 terraces
T2: 250,000
T2 + terrace: 370,000

*Total sale: 1,240,000*

Renovation with new floor 350,000-400,000 For 6 apartments with the top two adding two terraces

I recommend to alter the existing approved plans to redo the apartments to: 2 T1: 190,000
2 T2: 280,000
2 T2 + terrace: 370,000
*Total sale: 1,680,000*

Another benefit of this location is that there are several parking lots right next door which is an important feature considering most of the buyers work in Lisbon.

Note that these are numbers based on existing projects that have been done by our partners next door to this building, and from our own sales prices from these new projects.

Another noticed element is that the more expensive and higher quality renovated properties sold faster than medium or lower range ones, also being sold in the neighborhood (not by us).