Apartment Braga (Portugal) Price: $ 1,779,700 USD

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Surface 2 664 m²

Land for a 70-room hotel with a second building for servicesThe Braga Exhibition Park occupies the land that was once a large agricultural estate - Quinta do Sardoal.It refers to two urban plots located at Largo do Picadeiro and Rua Augusto Veloso, 131 in Braga, with areas of 554m² and 2,110m², respectively, totaling 2,664m². The land includes three residential houses in a state of disrepair along the roadside, with the surrounding courtyards overgrown with unmanaged vegetation.The plots are located in a key area of Braga and serve as one of the entrances to the Braga Exhibition Park. To the north, the Este River, which has been cleaned, plays an essential role in the city's dynamic, featuring an extensive pedestrian path along its course. To the east, the renovated Braga Exhibition Park houses the new Convention Center Altice Forum Braga.In terms of volume, the project consists of two main structures: one lower building with five floors above ground, aligning with the building opposite Rua Augusto Veloso, and a taller structure with ten floors above ground. The economic viability of a hotel facility requires strong accommodation capacity, scale, and quality of design. This proposal aims to create a high-quality landmark at the western entrance of the Braga Exhibition Park.However, in accordance with Article 105 of the Municipal Master Plan (PDM) and the attached table - Zone B, which defines the minimum parking parameters, the following applies:Gross service area: 1,739m², equivalent to 34 parking spaces (17 public + 17 private)The proposed 70 rooms require 28 parking spaces, considering that 40% of the accommodation units are for a 4- to 5-star hotel.In addition to the 13 public parking spaces along the road, the building will feature three underground parking levels, totaling 2,804.7m², sufficient to accommodate the 62 spaces required by the PDM.Gross construction areas:Underground parking: 2,804.8m²Hotel common areas: 1,365.7m²Hotel rooms (70 units): 1,828.8m²Services: 1,739.0m²Total gross construction area: 7,738.3m²Land areas:Total land area: 2,664.0m²Area designated for public use: 454.3m²Total area after public use allocation: 2,209.7m²Ground level footprint: 1,091.2m²Below-ground footprint: 52.0m²Permeable green area: 883.9m²Impermeable area: 1,325.8m²Impermeability index: 60%Gross construction area above ground level: 4,933.5m²Gross construction area below ground level: 2,804.8m²Total gross construction area: 7,738.3m²Height of taller structure: 37.0mHeight of lower structure: 18.4mThe above information is extracted from the PRIOR INFORMATION REQUEST DESCRIPTIVE AND JUSTIFICATION MEMO.This urban construction plot, located at one of the main entrances to Braga near Altice Forum Braga, is situated in an area of significant and continuous appreciation. Dont miss this excellent investment opportunity.