Building in the heart of Bairro Alto

Building in Bairro Alto – Near Praça Luís de Camões/Chiado, in AL. The building is in excellent condition after rehabilitation works in 2017, Currently, it has 7 AL (Local Accommodation) licenses. Each floor is furnished and equipped, fully operational with a high occupancy rate due to its excellent location, near Baixa-Chiado, metro station and underground parking. All apartments are beautiful, modern, and well-equipped. The building consists of 4 floors (ground floor + 3) in open-space currently with 7 accommodation units as well as a store. Types: 3 Studios (45 m2), 3 One-bedroom (65 m2), and 1 Two-bedroom (75 m2). All apartments are fully equipped, namely with: Stove, oven, refrigerator, coffee machine, microwave, dishwasher, toaster. With bathroom and shower. All apartments have a living and dining area. Some apartments with patio, terrace or balcony. There is also a common bathroom and a laundry room. The building has a gross construction area of about 500 m2. The main attractions are the decoration and architecture, soundproofing, design. The entire facade of the building was redone with typical tiles from the historical area it is located in. Due to its excellent location, the building is close to restaurants, local shops, Ribeira market, Rossio train station. The airport is 7 kilometers away and also accessible by Metro. Income-generating building, with REVPAR close to €94, sales €240,000/Year and gross yield of 7.65%.