This is a construction-ready residential development opportunity in the historic center of Setubal, positioned for strong capital appreciation and rental performance. The sale includes a prime urban plot and a fully approved architectural project for a 14-unit residential buildingeliminating licensing risk and allowing immediate progression to construction.
The project can be acquired as an approved development ready to build or delivered fully constructed under a turnkey structure. This flexibility allows investors to either capture full development margins or secure a completed asset ready for immediate sales or rental stabilization.
As an investment, the project is positioned in one of Portugals most rapidly appreciating regions. In early 2026, the Setubal Peninsula leads the country in property value growth, with apartment appraisals increasing over 29% year-on-year. In addition, current fiscal incentivesincluding a reduced 6% VAT rate for new construction and a 10% income tax rate on moderate rent leasessignificantly enhance net return potential for developers and long-term holders. With rental yields consistently reaching approximately 7.3%, the development offers a clear path to high-margin resale or the creation of a strong-performing income portfolio in a market defined by structural housing shortages.
The approved project has been strategically designed to target the most liquid segments of the marketstudios and one-bedroom units optimized for rental demand, alongside two- and three-bedroom duplexes suited for resale or premium long-term tenants. A private interior courtyard with swimming pool provides a significant competitive advantage in this central historic location, where outdoor amenities are exceptionally rare.
From an investment standpoint, the opportunity supports multiple exit strategies: sell units individually upon completion, retain the building as a stabilized rental asset, execute a phased hybrid strategy, or acquire it fully delivered as a turnkey completed development. With continued infrastructure investment and sustained housing undersupply across the Setubal Peninsula, long-term fundamentals remain exceptionally strong.
Key Investment Features
 Fully approved architectural project immediate construction readiness
 Option for turnkey delivery fully constructed
 14 residential units: studios, 1BR, 2BR, and 3BR duplexes
 Designed for strong rental absorption and resale liquidity
 Private central courtyard with swimming pool  rare in historic center 
 Premium finishes specified  Lioz marble, oak flooring  supporting higher pricing power
 Walkable historic location near market, marina, restaurants, and services
 30 minutes from Lisbon captures capital spillover demand
 Multiple exit strategies: build-to-sell, build-to-rent, hybrid model, or turnkey acquisition
 Positioned in one of Portugals fastest-appreciating coastal commuter markets