Tourist apartments in the center of Lisbon with guaranteed income

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Portugal, Lisbon
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48 m² — 116 m²
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1—2 Bedrooms
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1 Baths
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ID PRT211557

from €560,000

48 m² • from €11,666.67 m²
Elena Kozyrevaexpert of the Portugal residence permit program for investment
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Portugal D7 Visa

4+ months€820+

Portugal does not grant residence permits for investments in real estate under the Golden Visa program.

However, property purchase or rental is obligatory when obtaining a residence permit under a D7 visa.

Learn more

Cost

Property cost

€560,000 — €1,400,000

Price for m²

€11,666.67 — €12,068.97

Purchase taxes

IMT - 6-8%; IMI - 0,3-0,8%

State fees

0,8%

Distances

Ocean 17 km
Infrastructure 500 m
Airport 7 km

Yield and management

Yield

3%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

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.

Real estate

Object type

Apartments

Object category

Renovation

Object stage

Construction

Permits

Yes

Object completion date

2025 Q2

Design features

Ownership

Characteristics

Total area

48 m² — 116 m²

Number of storeys

7

Bedrooms

1—2

Baths

1

Parking

No

Renovation

Standard

Furniture

Additionally

View

City

Properties

Elevator
Balcony
Public pool
Gym
Garden on the plot
Terrace
Internet
TV

Location