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Land with Approved Project for Building Construction in Porto We are offering for sale an excellent plot of land located at Rua Direita do Viso, no
Porto, Porto, Portugal
REF: 956850
€1,100,000
Description
Land with Approved Project for Building Construction in Porto We are offering for sale an excellent plot of land located at Rua Direita do Viso, no. 321 to 327, Porto, with a total area of 1,068 m² (968.70 m² after transfer to the public domain). This land benefits from a privileged location, very close to the Viso metro station, the Porto Industrial Zone and the Circunvalação, ensuring great accessibility and value for money. Approved Project and Construction Potential The change to the subdivision has been approved, and the process is in the final stage for issuing fees. The architectural project includes: - Total construction area 3,964.60 m² - 6 floors above the threshold level 2,758.90 m² - 2 floors below the threshold level 1,205.70 m² - 30 apartments: - 1x T0 - 12x T1 - 16x T2 - 1x T3 - 36 parking spaces Infrastructure and Urban Development The surrounding area is currently undergoing rehabilitation through the Rua Direita program of the Porto City Council (CMP), which includes: ✔️ New sidewalks ✔️ New infrastructures ✔️ Improved access to the Circunvalação Simplified Construction Process The project already includes a complete architectural study, allowing for the submission of the Communication after payment of the fees Preliminary Building Works. According to the legislation, construction may begin within 20 working days after submission and payment of fees. Possibility of Changing the Project If you wish to increase the number of units, there are two options: 1️⃣ Go ahead with the Prior Communication using the existing project, start construction and then request an addendum to change the number of units (maintaining the approved area). 2️⃣ Change the architectural project now to increase the number of units, submitting it to the CMP for consideration. In this case, a "normal" licensing will be required, but with a more agile process, since the volume and construction area have already been approved. The architectural project is completed and ready to be submitted to the CMP. The specialties are in the final phase and will be delivered before the deed is completed. ➡️ Excellent investment opportunity in one of the growing areas of Porto! #ref: 138834
Land with Approved Project for Building Construction in Porto We are offering for sale an excellent plot of land located at Rua Direita do Viso, no. 321 to 327, Porto, with a total area of 1,068 m² (968.70 m² after transfer to the public domain). This land benefits from a privileged location, very close to the Viso metro station, the Porto Industrial Zone and the Circunvalação, ensuring great accessibility and value for money. Approved Project and Construction Potential The change to the subdivision has been approved, and the process is in the final stage for issuing fees. The architectural project includes: - Total construction area 3,964.60 m² - 6 floors above the threshold level 2,758.90 m² - 2 floors below the threshold level 1,205.70 m² - 30 apartments: - 1x T0 - 12x T1 - 16x T2 - 1x T3 - 36 parking spaces Infrastructure and Urban Development The surrounding area is currently undergoing rehabilitation through the Rua Direita program of the Porto City Council (CMP), which includes: ✔️ New sidewalks ✔️ New infrastructures ✔️ Improved access to the Circunvalação Simplified Construction Process The project already includes a complete architectural study, allowing for the submission of the Communication after payment of the fees Preliminary Building Works. According to the legislation, construction may begin within 20 working days after submission and payment of fees. Possibility of Changing the Project If you wish to increase the number of units, there are two options: 1️⃣ Go ahead with the Prior Communication using the existing project, start construction and then request an addendum to change the number of units (maintaining the approved area). 2️⃣ Change the architectural project now to increase the number of units, submitting it to the CMP for consideration. In this case, a "normal" licensing will be required, but with a more agile process, since the volume and construction area have already been approved. The architectural project is completed and ready to be submitted to the CMP. The specialties are in the final phase and will be delivered before the deed is completed. ➡️ Excellent investment opportunity in one of the growing areas of Porto! #ref: 138834
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Currency Exchange
Porto, Porto, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,100,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,100,000 | £906,290 | £954,899 | £48,609 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £906,290 |
| Maximum cost in the last six months | £954,899 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £48,609 |
Porto, Porto, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,100,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,100,000 | £906,290 | £954,899 | £48,609 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £906,290 |
| Maximum cost in the last six months | £954,899 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £48,609 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £48,609 more.
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