Building in full ownership

Building in Full Ownership, located in the heart of Belém, one of the most sought-after residential and tourist areas of Lisbon, close to landmarks such as the Jerónimos Monastery, MAAT, Belém Cultural Center, and the riverside front. With a built area of approximately 200 sqm and set on a 120 sqm plot, it stands out as a property with increasingly rare characteristics in this part of the city. The building consists of a ground floor, 1st and 2nd floors, and an attic. Each level corresponds to a T2 or T2+1 apartment, all currently vacant. The ground-floor retail space may be eligible for conversion to residential use, subject to licensing. At the rear, the plot with independent access allows for the creation of parking spaces, common areas, or other features that could complement a new project. The façade is in excellent condition, preserving the traditional elements of Lisbon's architectural style. The building underwent refurbishment in the 1990s, including the renewal of plumbing, electrical systems, and the restoration of the main entrance and staircase, providing a solid foundation for further development. The current layout allows for phased or complete rehabilitation, offering multiple possibilities: medium and long-term rental, short-term accommodation (subject to legal feasibility), fractional resale, or the development of a more ambitious conversion project. Being under full ownership also allows its transformation into a single-family home, subject to project approval by the relevant authorities. The potential for increasing the usable area or changing its use can be assessed under the current Municipal Master Plan (PDM) and Lisbon City Council regulations, offering scope to enhance both profitability and market value. This is a strategic opportunity for investors looking for solid and versatile assets in a location with consistent demand and growing urban-architectural appreciation.