Block of flats in Penafiel of 491 m²

Sale of a Historic House in an Urban Rehabilitation Zone (ARU)

We present a unique investment opportunity in a historic house located in an Urban Rehabilitation Zone (ZRU), combining the charm and authenticity of the past with contemporary needs.

This property is situated on a 361.00 m² plot and has a total gross construction area of 562.00 m².

The planned rehabilitation project aims to transform this property into a residential building composed of three T3 apartments, while respecting the urban and landscape integration of the area, ensuring a good relationship with neighboring buildings and preserving the privacy of future residents.

Advantages of the Urban Rehabilitation Zone (ZRU)
The location of this property in an Urban Rehabilitation Zone (ZRU) offers several significant advantages for investors and buyers. ZRUs are specific areas where the government and municipalities encourage the rehabilitation of old buildings in order to revitalize and improve the urban space, while preserving the local architectural heritage. One of the main benefits of investing in a ZRU is the possibility of benefiting from important tax advantages.


Among the most important benefits are the exemption from IMT (Municipal Property Transfer Tax), reduced VAT at 6% for rehabilitation works, and a 5% income tax rate for investors, making it an excellent opportunity to generate returns on the property at a reduced cost. Furthermore, these areas tend to experience natural appreciation over time, making the investment even more attractive, both for those wishing to rent and for those planning to sell in the future.
Property Features

This house offers great potential to be transformed into a modern and comfortable space, while maintaining its historical character. The 361.00 m² plot allows for the construction of a residential building with three T3 apartments, totaling 562.00 m² of gross construction area. The property will be developed over three floors, with the following layout:

•Ground floor: This level will be partially dedicated to residential use and common access to the three apartments, as well as vehicle circulation.
Parking will be arranged in the backyard of the building, with provision for four parking spaces. Access to the public road will be via an internal maneuvering area, ensuring the security and privacy of the residents.

•1st floor: This floor will consist of a spacious living room and kitchen, with a service bathroom and a laundry room, creating an ideal space for socializing and comfort for the residents.

•2nd floor: The second floor will comprise two individual bedrooms, a shared bathroom, and a master bedroom with an en-suite bathroom, providing maximum comfort and privacy for the residents.
Sustainability and Preservation

The planned intervention in the house includes the demolition of part of the building, with the reuse of demolition materials for expanding and reconstructing certain areas, particularly the main façade.

This project aims to preserve the history of the building by retaining original architectural elements while adapting to contemporary needs, creating a harmonious balance between the past and the future.

The location and features of the property make it an ideal choice for those wishing to live or invest in a zone undergoing significant revitalization and rehabilitation.

The opportunity to acquire a historic house, adapted to modern requirements, with a project that respects the history and local architecture, is a rare chance in the real estate market.

Conclusion

If you are looking for a safe investment with high appreciation potential, or if you want to live in a property that blends history with contemporary needs, this is your opportunity. A house in an urban rehabilitation zone is an excellent choice, offering all the tax and urban benefits of a rehabilitation process while retaining the charm and authenticity of a historic building. Don't miss this unique opportunity!