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 (Santa Maria Maior), 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

Alfama is the beating heart of old Lisbon, where history is not read in books but felt in the worn stones of its streets. It is a neighborhood that defies time: an organic maze of narrow lanes, stairways, and flowered courtyards that survived the 1755 earthquake, keeping intact its medieval layout and its community spirit. What Makes Alfama Unique: - A “Village” in the City: Despite being in the center of the capital, Alfama preserves a neighborly spirit, where the aroma of grilled sardines mingles with laundry hanging out to dry and conversations at the window. - Birthplace of Fado: The nights are carried by the Portuguese guitar. Here you find the most authentic fado houses in the world, giving the neighborhood an unmatched cultural and bohemian magnetism. - Heritage at Every Corner: From the imposing São Jorge Castle to Lisbon Cathedral, the neighborhood is an open-air museum dotted with viewpoints offering the most breathtaking views over the Tagus River. - The Epicenter of Traditions: June turns the neighborhood into the main stage of the Lisbon Festivities, where the Popular Saints bring a vibrant energy that greatly boosts the local real estate market.