A unique investment opportunity in the very heart of Lisbon, just a few steps from Avenida da Liberdade, one of the city’s most prestigious and sought-after locations.

The building currently offers 1,207 sqm of gross construction area, spread over four floors with elevator, and is fully operational, comprising:

A hostel with 32 rooms, in operation, generating an annual income of €120,000 plus €60,000;

A restaurant with mezzanine, outdoor seating area and two independent entrance
Total revenual annual 250 000.00

The total annual income amounts to €430,000, providing immediate and stable cash flow.
The hostel lease expires in September 2026, with the option to renew, while the restaurant operates under an annually renewable contract.
This building has the great advantage of having an approved architectural and engineering project, ready for construction to begin, with 1820 m2 for 8 apartments, all with balconies and some with terraces, with layouts ranging from 1-bedroom to 3-bedroom units, and a commercial area and garden at the rear.


The property’s key value lies in its approved architectural and engineering project, with building permit pending payment, allowing expansion to a total gross area of 1,820 sqm. The approved project includes 8 high-end residential units, all featuring balconies and/or terraces:

2 × One-bedroom apartments (T1)

1 × Two-bedroom apartment (T2)

1 × Two-bedroom duplex (T2 Duplex)

3 × Three-bedroom apartments (T3)

1 × Four-bedroom duplex (T4 Duplex)

This asset represents a rare combination of immediate income generation and significant value appreciation potential, set in one of Lisbon’s most exclusive and emblematic areas.

An outstanding investment opportunity, ideal for discerning investors seeking prestige, security and long-term growth.