Lisbon, Lisbon, Portugal

Student Accommodation Investment Opportunity on Avenida de Berna

Located on Avenida de Berna, in one of the most established areas of Avenidas Novas, this building currently operating as student accommodation represents an attractive investment opportunity in central Lisbon, combining existing income with potential for future appreciation.

With 240 m² of gross private area and an 84 m² plot, the building is arranged over three floors and comprises 11 bedrooms, in addition to a commercial activity on the ground floor. In 2025, the operation generated documented gross revenue of approximately €97,900, corresponding to a gross yield of around 5%, based on the asking price of €1,950,000.

The property offers scope for refurbishment and operational optimisation, allowing the spaces to be adapted to the requirements of student accommodation. Two of the bedrooms are currently used by the owner, creating an additional opportunity to assess an increase in accommodation capacity and income.

Location is one of the asset’s key strengths. Its proximity to the Calouste Gulbenkian Foundation, higher education institutions and a broad range of shops, services and cultural amenities provides a highly convenient urban setting. Campo Pequeno Metro Station is approximately seven minutes away on foot, while Praça de Espanha and Entrecampos Station are also nearby, ensuring excellent connections across Lisbon.

In addition to maintaining the existing operation, there is potential to develop a refurbishment strategy and review rental levels. A possible increase in the built area may also be considered, subject to confirmation of planning feasibility and the relevant approvals.

An income-producing asset with documented performance in one of Lisbon’s most sought-after areas, combining centrality, versatility and long-term appreciation potential.