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Building for Renovation in Alfama | An Exclusive Investment Opportunity in Lisbon

€980,000
  • 11 Rooms
  • 7 Bedrooms
  • 8 Bathrooms
  • ~365 m² Total surface
  • ~354 m² Living area

Description

Located in the heart of Alfama, one of Lisbon’s most iconic and historic neighbourhoods, this building represents an attractive investment opportunity for real estate investors and developers. Currently in ruins, the property comes with an architectural project for a full renovation, comprising a total area of 394 sqm and the development of five residential units: three one-bedroom apartments, one studio with a private garden, and an exclusive two-bedroom duplex penthouse featuring a balcony and views over the Tagus River. Its prime location, combined with a well-defined residential project, distinctive apartment layouts and private outdoor spaces, offers interesting development and capital appreciation potential. A distinctive investment opportunity in one of Lisbon’s most sought-after and iconic neighbourhoods.
Features
GardenPatioFireplace
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Engel & Völkers Lisboa MMC

Your advisor: Annette Strootmann

Property ID: W-02R1KE

Property details
  • Object type

    Investment

  • Rooms

    11

  • Bedrooms

    7

  • Bathrooms

    8

  • Floor

    3

  • Number of Floors

    3

  • Total surface

    ~365 m²

  • Living area

    ~354 m²

Energy efficiency information
  • Energy efficiency class

    C

  • Energy certificate available

    Yes

Location: Santa Maria Maior, Lisbon

Alfama This quaint medieval district (once the Moorish and Jewish quarter before it became a fishing community) is the second oldest neighborhood in Europe. It's like a small village. Wander aimlessly through its "becos" (alleys) and "largos" (small squares), allowing your senses to be the guides. You'll see magnificent river views and laundry drying from balconies, smell fish being grilled in a corner, hear the sounds of Fado coming out of a restaurant, taste authentic traditional meals, and touch some dazzling tilework. This is Lisbon at its most picturesque and the very soul of the city. Life here continues much as it has for centuries, but walk down towards the waterfront and you're once again in modern times: old warehouses have been renovated and turned into some of the city's coolest hotspots, for dinner, drinks and dancing until sunrise.

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