Building in the center of Porto, in Almada Street 1. THE BUILDING: Located in Almada Street, one of the most emblematic streets of the city of Porto, this beautiful property is in a state of total reconstruction for housing, local accommodation, commercial services or offices. Building with construction elements of architectural and aesthetic characteristics typical of the city of Porto, in the late nineteenth century, early twentieth century. The plot with an urban morphology typical of the late nineteenth century in Porto rises in the back with a long courtyard with a first floor and a second floor with a land area and implantation of 1294.94 SqFt | 120.30 m2 and in the front to the Rua Almada the building with first floor and 4 more floors with a land and implantation area of 1464.47 SqFt | 136.05 m2 measured between the axes of the walls. The total land area is 2759.41 SqFt | 256.35 m2. The building or courtyard has no first floor and no garage. The ceiling height of the 1st and 2nd floor first floor is 9.84 Ft | 3 meters to 10.17 Ft | 3.10 meters. The 3rd floor is 8.85 Ft | 2.70 mts to 9.18 Ft | 2.80 mts and the 4th floor (attic) is variable. The property is included in the ’Area of Urban and Architectural Interest’, included in the Urban Rehabilitation Area (ARU) and the Urban Regeneration Action Plan (PARU), ensuring tax benefits such as IMT recovery, 6% VAT tax on construction services, etc. General specifications: - Year of construction: circa 1894. - Structure: Walls and longitudinal stone slabs with wooden cross beams supported on the walls. - Property type: Fully owned. - Type of property: Freehold. - Types of use: Residential, services, offices and warehouse. - Total number of floors: 5 (ground floor in Portuguese, 1st, 2nd, 3rd and 4th floors). - Number of independent units: 8. - License for use: Free. - Energy efficiency: F. - Land Area (plot): 2759,41 SqFt | 256,35 m2. - Implantation area: 2759,41 SqFt | 256,35 m2. - Total Building Area: 8024.97 SqFt | 745.49 m2 - Building Usable Area: 6860.71 SqFt | 637.36 m2 - Total building volume (without roof): 96904.24 SqFt | 2744.02 m3. Note: Total areas are without the 4th floor (attic). 2. BUILDING EXPANSION: The property has 2759.41 SqFt | 256 m2 of total land area and footprint, with a gross building area of 8024.97 SqFt | 745 m2, and could benefit from a potential building area of about 9364.90 SqFt | 870 m2 with one more floor. 3. LAND: The building has 8 units and only one has a tenant, the others are vacant. This unit is on the first floor, ground floor in Portuguese with current book storage and with one contract. The end of the existing contract by the owner is established in article 1101 of the Portuguese Civil Code and the Legal Regime of Works in Rented Buildings (RJOPA), approved by Decree-Law No. 157/2006 of 8 August and the latest Law No. 43/2017 of 14 June. The preparation of the architectural reconstruction project, approved by the City Council and compliance with the current technical construction requirements, should aim at activating this mechanism. 4. COMMUNICATION AND ACCESSIBILITY: The building is a 10-minute walk from the Trindade metro station, 3 minutes from Aliados Avenue, the main avenue of the city of Porto. Close to Porto City Hall, Clérigos Tower, Lello Bookstore, São Bento Station, Porto’s main market in Bolhão, Porto’s Cathedral, Rua das Flores, Rua Mouzinho da Silveira and Ribeira Plaza. It is a 10-minute walk from the riverside area of the city, where you can enjoy a magnificent view of the Douro River as well as the Port Wine Cellars. The building is also 20 minutes away from the Francisco Sá Carneiro Airport and three hours away from Lisbon. For more information contact us! #ref:CMAR/19PT
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