Description
PROPERTY PROMOTED UNDER A MULTIPLE OFFER SYSTEM
Base price: €475,000.00
The owner will be available to consider all offers submitted in a sealed envelope, above €499,000.00, on the date 26/06/2025. If the owner deems that the conditions for accepting any of the proposals are not met, all participants may be invited to submit counteroffers.
The property will be considered sold upon the signing of the Promissory Purchase and Sale Agreement.
Viewings: 20/06/2025 from 10:00 to 13:00
Proposal Opening and Presentation to Owner: 26/06/2025 at 10:00 at the Localstar Agency:
Rua Leonel Sotto Mayor, nº 46 - Store 51, 2500-227 Caldas da Rainha
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Building with urban rehabilitation potential, strong ROI, and tax incentives
Located on Rua Jose Malhoa, in the heart of Caldas da Rainha's historic centre, this property is just a few steps from the famous Praca da Fruta, D. Carlos I Park, Jose Malhoa Museum, and the Caldas Thermal Spa - key cultural, touristic, and commercial landmarks.
This building, with three independent floors and a spacious attic, offers the potential to develop up to 8 apartments (T1 and T2 typologies):
Ground floor: Large commercial space with potential to be converted into private garages or storage units.
1st floor: 5 rooms + kitchen + bathroom - ideal for 3 apartments.
2nd floor: Identical layout - suitable for 3 more units.
Attic: Potential for 2 apartments in duplex or loft format.
Strategic location eligible for public and tax incentives
As the building is located within an Urban Rehabilitation Area (ARU), it qualifies for national and EU financial support, including:
IMI (Property Tax) exemption for up to 6 years
IMT (Transfer Tax) exemption or reduction
Reduced VAT rate (6%) on renovation works
Access to subsidised credit lines and grants (IFRRU 2020, Portugal 2030)
Eligibility for environmental grants like 'More Sustainable Buildings'
Surroundings & Access
Praca da Fruta - 1 min
D. Carlos I Park & Jose Malhoa Museum - 2 min
Caldas Hospital - 5 min
Bus terminal, taxi rank - 3 min
Schools, shops, pharmacies, restaurants - within walking distance
Distances to regional landmarks:
Foz do Arelho - 11 km (~15 min)
Sao Martinho do Porto - 18 km (~20 min)
Obidos (medieval village) - 8 km (~10 min)
Leiria (district capital) - 40 km (~30 min)
Lisbon Airport - 90 km (~1h via A8)
Excellent access via A8 motorway and IC2 road.
Ideal for:
Real estate investment funds
Developers looking for fractional sale projects
Rental income investors
Renovation for local or senior accommodation
High-yield investment in a growing cultural and thermal destination.
Contact us to schedule a visit and explore the full potential and incentives available for this property.
Energy Rating: Exempt
