Block of flats for sale

Lordelo Do Ouro E Massarelos, Porto, Portugal

Prime Investment Opportunity in Porto – Development & Rehabilitation Asset

This development and rehabilitation asset is located in one of Porto’s most prestigious and sought-after areas, just steps from the Crystal Palace Gardens.

The property consists of a 3-storey building with a current gross construction area of 552 m2, set on a 199 m2 plot, with strong potential for expansion. Built prior to 1951, the building requires full rehabilitation and allows for the addition of 1 to 2 extra floors, increasing the total buildable area to approximately 700 m2.

Key investment highlight:
The property is sold together with the adjoining building, enabling a combined above-ground construction potential of approximately 1,050 to 1,250 m2, making it ideal for residential development, serviced apartments, student housing or mixed-use projects (subject to municipal approval).

Asking price for both buildings: €1,250,000

Investment Highlights

Prime central location in Porto

Expansion and redevelopment potential

High demand area for residential and rental markets

Strong fundamentals for capital appreciation

Suitable for developers and institutional investors

Strategic Location

Crystal Palace Gardens – 30 m

Santo António Hospital – 150 m

New Metro Station (Pink Line) – 150 m

City Centre – 750 m

Close to major universities and business hubs

A rare opportunity to acquire a scalable development asset in a consolidated and growing real estate market.
Schedule Your Visit Today and Discover the Full Potential of This Building in the Heart of Porto!
#ref: 776786