Private Introduction · Portugal
Property in Lisboa — €2,700,000.
Joint sale of three vacant buildings, covering a total of 1866 sqm (gross construction area), above ground, in Alfama, Lisbon. Two of the buildings have a residential project approved by Lisbon City Council, comprising 13 partially renovated apartments. The third building is sold for renovation and covers 540 sqm above ground. Possibility of converting the three buildings in a project for tourist apartments in a highly sought-after area.These buildings are typical of the past and history of Alfama and are strongly associated with fado music’s history, where a new project could keep one of the shops that, in times gone by, was one of the most important fado establishments of Alfama. Sale of the properties includes transfer of the shares of the company holding the trademark of the fado establishment.Located near shops, services and leisure areas. 2-minute walking distance from the Fado Museum, 7 minutes from São Vicente de Fora Church, Santa Apolónia metro station and Instituto Universitário ISPA. Within a 20-minute driving distance from Lisbon Airport.
Why This Opportunity
Located in Lisboa, Lisboa, Portugal — a sought-after part of the market.
On the market at €2,700,000.
Layout up to 1866 m².
Estimated 6.5% annual capital growth for Lisboa (market-level estimate).
The Area
Getting around
Aeroporto Humberto Delgado (Lisbon Airport)
Portugal's main international airport, within the city [approx 15-20 min by car / 7 km]
Estação do Oriente
Major intercity rail, metro and bus interchange at Parque das Nações [central hub]
Metro de Lisboa
Four-line city metro network linking the centre, airport and river [citywide]
Nearby
Torre de Belém & Mosteiro dos Jerónimos
UNESCO World Heritage Manueline landmarks on the Tagus [approx 6 km west of centre]
Castelo de São Jorge
Hilltop Moorish castle overlooking the old town and river [Alfama, city centre]
Praça do Comércio
Grand riverside plaza and gateway to the Baixa district [city centre]
Time Out Market (Mercado da Ribeira)
Landmark food hall and market by Cais do Sodré [central]
Schools
Lycée Français Charles Lepierre
French curriculum, ages 3-18, in the city [central Lisboa]
Deutsche Schule zu Lissabon (Colégio Alemão)
German-Portuguese bilingual curriculum, ages 3-18 [Lisboa]
Universidade de Lisboa
Portugal's largest university, multiple city campuses [Cidade Universitária]
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