Presented for sale is a ruined house located on Rua Garrett, in the heart of Peniche. This urban property (Matrix no. 5194) is covered by a conditioned favorable Prior Information Request (PIP) for the rehabilitation of the building, allowing for the development of a highly appealing housing project.

Main features of the urban project:

* Rehabilitation of the existing building with preservation of the main façade
* Partial demolition and construction of a new multi-family building
* Proposed structure:
- 1 3-bedroom apartment
- 3 T2 apartments
- 1 T1 apartment
- Parking and storage on the ground floor
- 2 floors above ground + attic
- Horizontal property regime

The project has already undergone technical analysis by Peniche Municipal Council, and has received a favorable conditional opinion. There are some urban constraints, namely the need for financial compensation for the lack of provision of green spaces and public facilities, as well as the reformulation of some elements of the façade.

Technical constraints identified:

* Shortage of parking spaces (1 private and 3 public)
* Lack of provision for green spaces (164.23 m²) and equipment (205.29 m²)
* Need for adjustments to the façade to make it compatible with its surroundings

Final notes:

This project represents an excellent opportunity for investors with an interest in urban regeneration and real estate development in a central and valued area. The urban development operation will be able to go ahead once the technical and urban planning requirements have been met and the licensing project has been submitted within two years.

For more information or to schedule a visit, please contact us.