Building with Approved Renovation Project on Avenida da Liberdade

Building with Approved Renovation Project on Avenida da Liberdade

Just steps away from Avenida da Liberdade and Marquês de Pombal, on Rua de Santa Marta, we present this building requiring full renovation, with an approved project for a single-family residence. A rare investment opportunity in one of the most established and highly valued areas of Lisbon.

The property is currently in a ruinous condition and benefits from a prior information approval (PIP – Type 1) issued by Lisbon City Council for the development of a 4-storey single-family building, allowing construction to proceed within the current year.

With a gross private area of 245 sqm and a total construction area of 331 sqm, the project also includes outdoor spaces, featuring a balcony and a terrace of approximately 40 sqm.

Property Features

• Building for full refurbishment
• Approved project for a 4-storey residential building
• Retail/commercial space on the ground floor
• Private lift
• 331 sqm gross construction area
• 40 sqm outdoor areas
• Balcony
• Terrace

Key Highlights

• Approved project by Lisbon City Council (PIP Type 1)
• Possibility to start construction within 6 months
• Prime proximity to Avenida da Liberdade
• Strong potential for capital appreciation
• Ideal for residential investment
• High-demand area for both national and international buyers

Development Potential

This project represents a solid opportunity for investors and developers seeking an asset with a clearly defined planning framework, significantly reducing permitting timelines.

The estimated total investment for the building’s redevelopment — including construction, design, and licensing — is approximately €915,000, with an expected construction timeline of around 18 months.

Avenida da Liberdade — Living in the Heart of Lisbon

Rua de Santa Marta is located in one of Lisbon’s most central and sought-after areas, just a few steps from Avenida da Liberdade. This neighbourhood combines the charm of traditional Lisbon architecture with a dynamic urban environment, offering a sophisticated and cosmopolitan city lifestyle.

The surrounding area stands out for its proximity to luxury retail, landmark hotels, fine dining, and cultural venues, making it a highly desirable location for both residential living and investment.

Its central position allows for walking access to some of the city’s most iconic districts, such as Chiado and Príncipe Real, while maintaining a well-established residential environment with nearby services and local commerce.

Quality of Life in Central Lisbon

The location offers excellent proximity to key points of interest:

• Avenida da Liberdade – 100 meters
• Marquês de Pombal – 5 minutes walking distance
• Avenida metro station – 4 minutes walking distance
• Príncipe Real and Chiado
• NOVA Medical School
• Hospital Santo António dos Capuchos
• Lisbon International Airport (approx. 15 minutes)

Investment Opportunity in Lisbon

With an approved project for a bespoke single-family home, a prime central location, and strong appreciation potential, this building represents a standout opportunity within Lisbon’s real estate market.

Ideal for residential development in one of the city’s most sought-after corridors, combining centrality, exclusivity, and return potential.

Contact us for further information.