Building 592 м² in Porto, Portugal

1 692 380 $

2 858 $ /м²

4Ohg6

Area

592 м²

A building in Porto. City - Porto

An investment that works for you from day one!

In the heart of Porto. On a street that is developing at a rapid pace.

We offer a rare facility for reconstruction, which combines a premium location and already approved development potential. The 855.81 m2 building, spread over 8 levels, is a few steps from Avenida dos Aliados, where the city breathes the energy of business, tourism and life.

What PIP is already allowed:

- Commercial premises 316.72 m2 + patio 22 m2
- 8 apartments with a total area of 539.09 m2

Ability to increase the number of apartments to 11, optimizing the commercial part.

Open facades allow the building to be filled with light and make it noticeable among the city streams. The location with perfect access to the metro, train station and buses turns the object into a magnet for both tourists and citizens who care about life at hand.

After complete reconstruction, it will acquire special value and a reliable investment. Suitable for subsequent resale and for managing short-term or long-term leases.

It's not just a building. It is the future jewel of the historic centre of Porto.
And it may belong to you.

Invest in growth. Invest in things that are enhanced by time.
Energy consumption class: D
#ref:0018/25

Additional details

Property type

Commercial

Object type

Building

Price

1 692 380 $

Land area

139

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Porto; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Porto short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 692 380 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Porto: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).