Rua da Santa Maria, 2, Setúbal Municipality, None, 2900-601

Rua da Santa Maria, 2
Setúbal Municipality Setubal 2900-601
Portugal

CO-EXCLUSIVE
Cross street:Rua Travessa de Apóstolos, 1-7

Property

Ownership: For Sale
Type: Residential
Pets: Pets Unknown
Area: 1294M² (13928 sq ft)
Exterior area: 81 sq ft
Lot Size: 532 M²
Tenure: Tenure Unknown

Financials

Price: €1,595,000
($1,738,550.00)
Liza Falcão de Sá
Area Manager for Lisbon South Coast & Alentejo
Frederico Falcão de Sá
Area Manager for Lisbon South Coast & Alentejo
Avenida da Liberdade 69, 4ºC, 1250-140 Lisbon

Description

A spectacular building property in the heart of Setubal with an approved renovation and expansion project for up to 14 residential apartments.

Located in the downtown historic center of Setubal, 500 metres from the riverside promenade and main city attractions, this property is a 1.300 sq.m. (feet) building comprising of 12 independent units and an interior backyard of 80 sq.m., extending through both streets of the building block and facing a tranquil square and the Church of Santa Maria de Graça.

This property has excellent structure condition and holds an approved rehabilitation project for 11 apartments with 1.214 sq.m. of private areas and a second project submitted for approval with Municipality Hall with an additional rooftop expansion area for optimization of 14 apartments with 1.383 sq.m. total private areas.

Privileged location within Setubal provides walking distance access to the lively riverside promenade with an array of cafés and restaurants, famous Setúbal fish market and Yacht Centre and Ferry Port for river crossing towards the famous beaches of Tróia Peninsula & Comporta. Also, the advantage of this prime location is easy access to private and public healthcare establishments, as well to the A2 highway towards Lisbon and 20 minutes reach of Lisbon International Airport.

This property is a great investment opportunity either Premium Apartment Residences for local community or Touristic Apartments, as Lisbon South Coast is a highly trending touristic destination and there is tremendous scarcity of apartment and hotel offerings on the real estate market.

About Setubal and Lisbon South Coast:

Setubal is the largest city of the Lisbon South Coast, located just 30 minutes from Portugal ́s Capital, it is overlooking the mouth of the river Sado, the gorgeous sandy Troia peninsula extending to the Atlantic and is surrounded by the breathtaking Arrabida Natural Reserve Park.

In the past a landmark of the ancient Roman town of Cetobriga,today, Setubal is at the heart of the Portuguese fishing industry, and is famed for its gastronomy and it’s sweet and globally acclaimed moscatel wine.

In recent years, development of the coast between Setubal and the capital has resulted in an array of high quality golf courses, such as Aroeira and Quinta de Peru, and prestigious residential areas, set in harmony with a pine forrest landscape.

The natural reserve surrounding the estuary of the river Sado provides all manner of wetland wonders from migratory birds and interesting fish species to unique agricultural and natural landscapes.

Across the Sado river, just a 10 minutes ferry ride, accompanied by local dolphins, is the beautiful Tróia Peninsula, premium residential and leisure spot with golfing, casino and a 60 km stretch of famous Comporta and Melídes sandy beaches and their absolutely relaxed lifestyle.

Amenities

  • Back Yard
  • City View
  • Investment Property

Exposures

  • North
  • West

Neighborhood

More listings:

EXCLUSIVE INVESTMENT PROJECT IN SETÚBAL | BUILDING WITH RENOVATION & EXPANSION PROJECT FOR 14 APARTMENTS | PRIME LOCATION IN DOWNTOWN CENTRE

Description

A spectacular building property in the heart of Setubal with an approved renovation and expansion project for up to 14 residential apartments.

Located in the downtown historic center of Setubal, 500 metres from the riverside promenade and main city attractions, this property is a 1.300 sq.m. (feet) building comprising of 12 independent units and an interior backyard of 80 sq.m., extending through both streets of the building block and facing a tranquil square and the Church of Santa Maria de Graça.

This property has excellent structure condition and holds an approved rehabilitation project for 11 apartments with 1.214 sq.m. of private areas and a second project submitted for approval with Municipality Hall with an additional rooftop expansion area for optimization of 14 apartments with 1.383 sq.m. total private areas.

Privileged location within Setubal provides walking distance access to the lively riverside promenade with an array of cafés and restaurants, famous Setúbal fish market and Yacht Centre and Ferry Port for river crossing towards the famous beaches of Tróia Peninsula & Comporta. Also, the advantage of this prime location is easy access to private and public healthcare establishments, as well to the A2 highway towards Lisbon and 20 minutes reach of Lisbon International Airport.

This property is a great investment opportunity either Premium Apartment Residences for local community or Touristic Apartments, as Lisbon South Coast is a highly trending touristic destination and there is tremendous scarcity of apartment and hotel offerings on the real estate market.

About Setubal and Lisbon South Coast:

Setubal is the largest city of the Lisbon South Coast, located just 30 minutes from Portugal ́s Capital, it is overlooking the mouth of the river Sado, the gorgeous sandy Troia peninsula extending to the Atlantic and is surrounded by the breathtaking Arrabida Natural Reserve Park.

In the past a landmark of the ancient Roman town of Cetobriga,today, Setubal is at the heart of the Portuguese fishing industry, and is famed for its gastronomy and it’s sweet and globally acclaimed moscatel wine.

In recent years, development of the coast between Setubal and the capital has resulted in an array of high quality golf courses, such as Aroeira and Quinta de Peru, and prestigious residential areas, set in harmony with a pine forrest landscape.

The natural reserve surrounding the estuary of the river Sado provides all manner of wetland wonders from migratory birds and interesting fish species to unique agricultural and natural landscapes.

Across the Sado river, just a 10 minutes ferry ride, accompanied by local dolphins, is the beautiful Tróia Peninsula, premium residential and leisure spot with golfing, casino and a 60 km stretch of famous Comporta and Melídes sandy beaches and their absolutely relaxed lifestyle.

Amenities

  • Back Yard
  • City View
  • Investment Property

Exposures

  • North
  • West

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.