Vale Pereiro

Short description: 

Office building originally built in the 80’s comprising retail space at the ground floor, plus four floors and underground parking garage with two levels. The building is currently vacant.
The property is located near Largo do Rato, adjoin Lisbon Old Town. It is very centrally located between Rua Alexandre Herculano and Rua do Salitre, the surrounding area comprises varied stores, banks, post office, public transport (metro and buses).
It is served by excellent road access, especially from the Praça Marquês de Pombal where one finds links to the various Lisbon way-outs, such as the 25 de Abril Bridge, to the south bank of the Tagus by the motorway A2, Lisbon-Cascais motorway (A5), A8 motorway, the IC19 to Sintra and Lisbon North-South road axis.
In September 2014, the previous owner filed a request for a building permit, this architecture project proposes the renovation of all facades and interiors changing the use to housing, thus creating 18 apartments and adding 35m² to the original building, the gross saleable area of the resulting units will be 1.751.20 m². Capvest is currently revising this renovation project also foreseeing the transformation from offices to housing. A complete overhaul of the interior and the exterior will be undertaken providing new apartments complying to the highest construction standards and with all modern amenities. The use for the ground floor is still under consideration, as alternative to housing a commercial area that may be separated in two autonomous units is under study.

Property type: 
Residential
Street/No: 

Rua do Vale de Pereiro 16-20

Postcode/City: 

1250-271 Lisboa

Number of apartments: 
13
Parking spaces: 
22