Tourist apartments in the center of Lisbon with guaranteed income

The renovation project is located a few steps from Lisbon's main and most prestigious boulevard, which connects the Marquis de Pombal roundabout (the gateway to the city's business district) to the heart of Lisbon, where all the city's main attractions are located. The building was built in 1889 and consists of 6 floors above ground. The ground floor, parts of the second floor and the basement were used for commercial purposes and were divided into 4 different stores. Parts of the 1st floor and floors 2 to 5 are used for 42 living quarters. The historic and architectural elements of the original 1889 building will be preserved, while space will be increased by adding two floors to the existing structure and a rooftop pool. The architectural project covers 3,703 sqm total built-up area (including retail cellars).The luxury tourist suites will be designed and decorated by an award-winning designer. By standards, these apartments will have the luxury of a first-class hotel with the familiar comforts of home in one of Lisbon's trendiest areas.Each apartment will be fully equipped with a kitchen, living room and work area, and will enjoy a wide range of services on request, such as: concierge services, room service, dry cleaning and laundry. The cost of the furniture set is €20,000 for a 1-bedroom apartment, €23,000 for a 2-bedroom apartment.The project will offer residents modern hotel amenities (rooftop pool and terrace, extended lounge and gym). Club spaces will include a concept store, restaurant, bar, private dining room, rental lounge, lounge area and classroom workspaces.For the first 3 years of operation, owners are guaranteed a 3% rent refund.The project is eligible for the €500,000 option.