Building in Monte Estoril, Cascais | Commercial and Residential

Rentability - Building to remodel located in prime area of Monte Estoril, near the area of charming hotels, bars, restaurants. Area of much demand for tourism, which opens up possibilities for exploration for both residential, commercial or service.

The building used to have the Cozinha do Mar restaurant on the ground floor / basement, which is now vacant, and two flats on the first floor, one T0 (vacant) and one T3 (rented). Actual built area of 267m2 (89m2 per floor) according to the current topographical survey.

Possibility of developing a project with the City Council for the use of the aerial surface with the addition of another floor.

The building is located 100m from the well-known Jardim dos Passarinhos, whose official name is Jardim Carlos Anjos in honor of one of the drivers of tourist and urban development in the Monte Estoril area. The green space is surrounded by charming hotels, bars and restaurants. The square is full of flower beds, brightly colored exotic shrubs and trees and also has a large cage with exotic birds, from which the common name "Jardim dos Passarinhos" comes from. In the center of the garden there is also a café with a terrace and a children's playground.

Monte Estoril is a small town located in the highest and most luxurious area of ​​the parishes of Cascais and Estoril. Located in a privileged location on the Cascais Line, an area very famous for its beaches. Monte Estoril was already, since 1910, a place of choice for the aristocracy, and later, with the 2nd World War, it became a refuge for luxury exiles, and a place of choice for royal families. Today it has beautiful houses and small palaces, being a favorite place for the national and international upper class.


This building benefits from Tax and Financial Incentives for being framed in an ARU.
- Exemption from IMT - Municipal Tax on Onerous Transactions (refund).
- Exemption from IMI - Municipal Property Tax (for a period of 3 years)
- among others, deduction from the IRS of part of the costs borne by the owner, reduced taxation of capital gains, reduced taxation of income arising from the lease.

More information: www.cascais.pt/servico/reabilicao-urbana-aru-incentivos-fiscais-e-financeiros

Location is a key factor when talking about the real estate market. This is a guaranteed bet considering its location and the growing demand in this area, both by foreign citizens as well as by the Portuguese.

COME DISCOVER THIS INVESTMENT OPPORTUNITY.
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The CAPRONI Team
We are a multidisciplinary team that will do everything to make your wish come true, our focus is always to provide excellent customer service with total transparency and agility.

We provide an excellent service, with extensive experience in different areas of real estate. An award-winning team recognized in the real estate world.

We operate together with the CENTURY21 network, the network with the best service in Portugal, and with the Realty Art group, which since 2012 has been #1 in the CENTURY21 Iberian.

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