Building in the heart of Bairro Alto

€2,690,000

7 Rooms
7 Bedrooms
7 Bathrooms
~360 m² Total surface
~360 m² Living area

Description

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%.

Features

Air-conditioningSecurity systemWheelchair accessible

Engel & Völkers Lisboa MMC

+351 210 200 490

Your advisor: Ana Seabra

Property ID: W-02Z0UF

Location: Bairro Alto, Lisbon

Bairro Alto is an old and picturesque neighborhood in the center of Lisbon, with narrow cobbled streets, centuries-old houses, small traditional shops, restaurants, and nightlife spots. Since the 1980s, it has been the most well-known area of Lisbon's nightlife, with numerous bars and restaurants, alongside fado houses. Until the 1970s-80s of the 20th century, it was also home to numerous press organizations. Since then, it has acquired a unique and characteristic life of its own, where different generations intersect in search of nighttime entertainment. Bairro Alto is currently a peaceful and traditional neighborhood in Lisbon during the day, transforming from the beginning of the night into the main nightlife spot and meeting point for different cultures and generations.