Heritage Building in Ajuda | Investment with Active Tourist Operation and High Capital Appreciation Potential

Exclusive Investment Opportunity in Lisbon’s emblematic Ajuda district. This distinguished heritage-style building combines a strategic location, an active tourism operation and multiple possibilities for capital appreciation. Currently operating as licensed Local Accommodation (AL), the property reports attractive annual revenues, offering a solid base for investors seeking a business already in operation with scope for further growth. Property Features The building is divided into several distinct units, providing a combination of versatility and immediate income. At the heart of the property lies a manor-style residence with eight bedrooms plus two additional rooms (210sqm), featuring a spacious living room with original fireplace, conveying Lisbon’s historic charm – the perfect foundation for a unique hospitality experience. Two sunny terraces (80sqm) act as natural extensions of the house, ideal for moments of relaxation, outdoor breakfasts or simply enjoying the brightness and authentic atmosphere of Ajuda. The property also comprises an independent studio and a one-bedroom flat (60sqm), units that allow diversification of the accommodation offer or can be used for medium to long-term rentals. At street level, a prominent 60sqm retail unit with visible frontage offers strong potential for commercial use or seamless integration into the tourism concept. Complementing the property is a 30sqm basement, versatile for storage, technical space or a creative project such as coworking, wine bar or cultural venue. The entire building is currently operated by a licensed Local Accommodation company, with a proven record of attractive revenues, and is available to continue managing the business – ensuring stable and uninterrupted continuity for the investor. Prime Location: Just 1 km from the banks of the River Tagus and the tourist riverside area (Belém and Alcântara). 650 metres from the main transport connections to Cais do Sodré and the Cascais line. Public transport on the doorstep, including the iconic 18E tram running through picturesque Ajuda. Supermarket just 160 m away and a pharmacy 100 m away. Wide range of cafés, restaurants and services in the immediate surroundings. Investment & Capital Appreciation Potential Continuation of the AL business with revenues reported by the operating company Flexibility for conversion into up to six flats. Multiple future development options: Boutique hotel or charming accommodation Student residence or co-living for digital nomads Multi-family housing with additional income Mixed-use project (residential + commercial) A unique property in Lisbon, combining historic character, central location and an established tourism business – with the flexibility to adapt to each investor’s strategic vision.