Buildings with an approved project for a luxury development in Alfama

€5,000,000

28 Rooms
14 Bedrooms
28 Bathrooms
~622 m² Total surface
~622 m² Living area
~729 m² Plot surface

Description

We present the sale of two buildings under full ownership, with a Prior Information Request (PIP) already approved for a luxury development, comprising 17 residential units (6 studios, 8 one-bedroom and 3 two-bedroom apartments), totaling 1,290 m² of approved gross construction area on a 729 m² plot. Located in the heart of the emblematic Alfama district, these properties benefit from a truly privileged location, just a few meters from Portas do Sol, one of Lisbon’s most iconic viewpoints, with breathtaking views over the Tagus River. This development represents a rare investment opportunity, with high potential for appreciation, combining the historic charm and authenticity of one of the city’s most traditional areas with a contemporary, sophisticated, and exclusive concept. Ideal for investors seeking a distinctive asset, with strong demand in both the tourist and residential segments, in one of Lisbon’s most prestigious and established locations.

Features

GardenSea/Lake viewOpen view

Engel & Völkers Lisboa MMC

+351 210 200 490

Your advisor: Rafael Tamele

Property ID: W-0489LH

Location: São Vicente, Lisbon

São Vicente is a neighborhood of old houses, with residents who were born and grew up there, but also with some new young people who seek the center of the city. It is a district that is almost entirely on a hill, thus creating high points with privileged views over the old town and Tagus river. Here, next to the river, we find one of the most pleasant areas of Lisbon, the Cais da Pedra, where are some of the most trendy restaurants in town, frequented by a sophisticated public, either day or night. Here, everything transmits tranquility and well-being. In this parish are some of the most typical areas of the city such as Sapadores, São Vicente de Fora e Graça, one of the most beautiful and oldest neighborhoods in the capital. With a curious mixture of cosmopolitanism and rurality, the area is known and wanted for its viewpoints, where you can enjoy the most beautiful views over the city. It is also one of the tourist and historical sites of the city with varied shopping streets with traditional shops.