Description
APPROVED PROJECT - HISTORIC CENTRE OF SETUBAL
The images shown refer to the project and are for illustrative purposes only.
We present CASTELO, an exclusive residential project located in the heart of the historic centre of Setubal, only 500m from the sea. With approved plans and licences ready for payment, this is a unique opportunity for investors or developers seeking a project ready to move forward.
Main Features of the Project:
- 14 apartments ranging from T0+1 to T3 duplex.
- Areas between 36 m² and 131 m².
- 9 parking spaces in a semi-basement (with lift platform).
- Private swimming pool (24.83 m³) and shared garden.
Total construction area: 1,461.98 m²
The project also includes the cession of 20.73 m² for the widening of the public pavement, promoting high-quality urban integration. All buildings have 4 floors, including a semi-basement and use of the rooftop space.
Investment with Potential and Flexibility:
CASTELO allows for multiple profitability strategies:
- Resale by units.
- Short, medium or long-term rental.
- Partnership with a local developer.
- Full acquisition with construction management.
- Possibility of acquiring the company that owns the properties, with tax and legal advantages.
Ready to Build:
- All documentation is organised: plans, technical specifications, preliminary studies and legal structure.
- Construction is expected to begin in mid-2025.
- Estimated construction period: 18 to 20 months.
Located in a consolidated urban area according to Setubal's PDM, with high procedural agility.
Strategic Location and Expanding Market:
- Historic centre of Setubal, between Rua de Sao Filipe and Rua do Castelo.
- 5 minutes from Avenida Luisa Todi.
- 15 minutes from Troia by ferry.
- 500m from the sea.
- 50 km from Lisbon.
An area with a marked shortage of new builds and an average annual appreciation above 5%.
Setubal is currently one of the most dynamic markets in the country, highly attractive to residents, foreigners and digital nomads. CASTELO combines historic charm with contemporary architecture, offering a final product with high demand and liquidity.
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Energy Rating: In progress
