Building for complete renovation in Setúbal, 1 minute from Avenida Luisa Todi

This building to be remodeled, is located on Rua Deputado Henrique Cardoso, with excellent profitability for rent and with a lot of resale potential as it is located in one of the best areas of Setúbal, right in front of Av. Luísa Todi. This area is located in the Urban Rehabilitation Area (ARU) of Setúbal, and any rehabilitation, increasing two levels of conservation, gives it exemptions in terms of IMI, IMT, in accordance with the Tax Benefits and CIVA Statute in force.
For the purposes of contracting rehabilitation works, VAT can be considered at a reduced rate, through a Certificate issued by the City Council, attesting to the location of the property in ARU.
There is the possibility of the building aligning with the neighboring buildings, increasing the construction area by 210m2, increasing the area of ​​the set back floor.
Therefore, the division of 3 apartments is an option considered valid, already foreseen in the Project submitted to the competent entity, considerably increasing its profitability for resale purposes.
Due to its enormous potential due to its proximity to all types of commerce, services, transport and beaches, it is a great investment that you cannot miss. Book your visit now!