Lisbon, Lisbon, Portugal

This property stands out by holding nine active local accommodation licenses, fully transferable to future owners, in accordance with Decree-Law No. 76/2024, dated October 23, 2024.

Located in a prime area adjacent to the iconic Escadinhas da Mãe de Água, the building is a symbol of charm and authenticity. It features a wide façade, providing abundant natural light through seven southeast-facing windows per floor, enhancing solar exposure and urban surroundings with unobstructed views. Currently, the building comprises ground-floor commercial spaces, two upper floors, and an attic.

The approved project includes the rehabilitation and expansion of the gross construction area to approximately 620 m², distributed across the garage, ground floor, two upper floors, and attic, with the option to convert the garage into residential space, as suggested for space optimization.

The proposed layout is as follows:

Basement (-1): Garage with direct access via Rua da Alegria, located on the street’s slope;

Ground Floor (0): 2-bedroom plus one flexible room apartment (T2+1) with main entrance on the prestigious Calçada da Patriarcal;

Floors 1 and 2: Two 2-bedroom plus one flexible room apartments (T2+1);

Floor 3: 2-bedroom apartment (T2) with private terrace, perfect for leisure moments.

The building is also equipped with an elevator, ensuring comfort and accessibility on all floors.

Situated in the heart of Príncipe Real, one of Lisbon’s most sought-after and exclusive neighborhoods, with an average market value around €10,000/m², the property enjoys an unrivaled location just 80 meters from the Botanical Garden and 300 meters from the iconic Avenida da Liberdade. The area is distinguished by its 19th-century historic residences, vibrant gastronomy and cultural scene, and sophisticated boutiques.

This project represents a high-potential investment opportunity, ideal for immediate income generation, with further appreciation possible through tailored strategies.

Additionally, the approved plan offers flexibility for potential conversion into a luxury single-family residence or larger duplex apartments, catering to the most demanding residential expectations.