€238,900

Excellent opportunity! House for total recovery with approved project, located in the heart of Graça. This House does not have a license for use, but it is currently habitable and can be used as a permanent home even without the license, however it already has an architecture and specialities project fully approved and paid for the respective license to use it from the City Council, and which will require correction works carried out by the buyer. There is already a detailed budget in the amount of 74,400 (includes VAT already and includes the renovation as well) and the 'transfer of folder / endorsement' (Chamber + Construction Company + Architect + Construction Supervisor) will be made accordingly for the buyer. It is already 'agreed' with the construction company (unless the buyer chooses another) to start the works in April 2025 (after the winter), and will last for 6 months, as soon as the license for use is issued, probably in October 2025. As such, it is a great investment for those who want to embrace the challenge, as it is estimated that the investment will be around 300,000 (taxes included) and can be sold above 350,000. The House currently has 4 floors (25 m2 each), 2 of which are storage (basement - living room - 3rd bedroom + toilet) and attic (2nd bedroom + toilet), and another intermediate, 1 with bedroom + bathroom, and another with Dining Room + Kitchenette. It is a picturesque / semi-detached house in the area of Mouraria / Graça, namely in the Parish of São Vicente. All kinds of services, shops and tourist areas around it within a maximum radius of 400 / 500 meters on foot: 1) Historic Area, 500 m walk from the castle, 300 m walk from the metro (Martim Moniz), 400 m from the two most well-known panoramic views of Lisbon, including the large Graça Garden. Surrounded by all kinds of social services such as schools, supermarkets, restaurants (Ramiro is 400 m walk), São José hospital (550 m walk). 2) This area demonstrates that apartments on a short-term rental basis (over 5 days) have a monthly occupancy rate of 80% and an average price/night of 97, being a very attractive short-term investment. 3) The price of M2 has risen 20% in the last 2 years in the area. 4) Many projects happening on the street, being a family house under construction 2 houses above, and a hotel in project to be built in front of the house. Don't miss out on this excellent investment opportunity and request more information! Energy Rating: D #ref:HAB_1389 - HAB_1389 - Literal Real Estate Brokers, Lda