Real Estate Investment Opportunity in Porto – Approved Project with Construction Permit Property located on Rua do Tenente Valadim, in Porto, situated in a well-established urban area with clear appreciation potential. It is just a 3-minute walk from the Francos Metro Station, while also benefiting from excellent road access. The surrounding area is primarily residential, reinforced by the proximity to the recently developed Porto Office Park (POP), significantly boosting demand for housing and services. Additionally, ongoing development of large-scale office and coworking projects in the vicinity further consolidates the area’s attractiveness for medium- and long-term real estate investment. General Features of the Existing Building Comprises a two-storey administrative building facing Rua do Tenente Valadim, a two-storey industrial warehouse within the plot, and a garage entrance from Rua do Sargento Abílio. The construction has two frontages, enhancing the project’s value and expanding access and distribution options. The building currently requires major rehabilitation works. Existing Area: Approx. 900 m² Plot Area / Footprint: 517 m² General Features of the Approved Project The approved project foresees a change of use, modification, and expansion of the existing building, with a permit for six independent units, distributed between residential and service uses – including short-term rental units (Alojamento Local) – allowing a mixed exploitation strategy (sale or rental), tailored to the current dynamics of the Porto market. Total Approved Construction Area: 1,073 m² Gross Construction Area: 993 m² Footprint Area: 427 m² Unit Details: Unit A: Three-storey T4 house with garage, courtyard, balconies, and terraces, with the possibility of closing part of the house as a T1 for rental. 216 m² Gross Private Area. Unit B: T1+1 apartment with courtyard. 84 m² Gross Private Area. Unit C: Duplex T3 apartment with balconies and terraces. 151 m² Gross Private Area. Unit D: Duplex T1 apartment. 82 m² Gross Private Area. Unit E: Short-term rental service unit with 6 en-suite bedrooms. 195 m² Gross Private Area + Attic. Unit F: Short-term rental service unit with 6 en-suite bedrooms. 195 m² Gross Private Area + Attic. This property is aimed at real estate investors and developers seeking a project with reduced risk, accelerated execution and revenue timelines, and high appreciation potential in one of the city’s most sought-after areas. It also benefits from tax incentives for rehabilitation, making this investment even more attractive. It is equally ideal for those looking for a building to rehabilitate for services, industry, or warehousing, maintaining its original and current function, while taking advantage of a strategic location with proximity to the metro and good road access. The functional vocation of the area, combined with recent nearby real estate projects under development, consistently reinforces the property’s appreciation potential and suitability for business and logistics uses. Distances to Key Points: Located at the entrance to Porto, just a few meters from the Rotunda de Francos and with access to VCI and A28. Francos Metro Station – 3-minute walk Porto Office Park – 1-minute walk Rotunda da Boavista – 12-minute walk Rua da Boavista – 8-minute walk Campus of Campo Alegre Faculties – 20-minute walk Porto City Centre (Aliados) – 15 minutes by car Airport – 10 minutes by car For more information, consultation of the approved project, or to schedule a visit, please contact us and discover how to turn this asset into a solid and profitable investment opportunity.