Detached Villa with Expired Approved Project in BelémLocated on a quiet residential street, mostly lined with detached houses, this standalone property in Pedrouços, Belém, represents an excellent investment opportunity — whether for residential use or institutional/commercial purposes.The existing structures include a villa built in the mid-20th century, spread over two floors with a neo-traditional architectural style, as well as a more recent extension constructed in the 2000s.Currently designated for services — having previously served as a private residence and later as a private school — the property is set on a 1,284 sqm plot and offers a gross built area of 737 sqm. An approved (now expired) renovation project allowed for a total gross construction area of 863 sqm. The project envisioned a refined 6-bedroom villa with 512 sqm, a private garden and swimming pool, complemented by two 3-bedroom apartments — one with a private garden, and the other featuring a generous rooftop terrace.Its location is one of its key strengths: nestled between Belém and Restelo, two of Lisbon's most iconic and sought-after districts, celebrated for their heritage, charm and exceptional quality of life. The surrounding area offers a wide range of amenities, including local shops, supermarkets, and prestigious schools such as Colégio do Bom Sucesso, Park International School, Externato As Descobertas, Raíz, Colégio S. José, as well as São Francisco Xavier Hospital, banks and other essential services.The neighbourhood is also rich in green areas and cultural landmarks such as the Jerónimos Monastery, the Belém Cultural Centre (CCB), and the Belém Tower. Its privileged proximity to the Tagus River makes it ideal for riverside walks and outdoor leisure activities.Whether to create a distinguished private residence or to develop a project aimed at services — such as a senior residence, school, clinic, or office — this property offers a solid and versatile foundation in one of Lisbon's most prestigious locations.A rare opportunity to transform a property with enormous potential into a bespoke project.