Building in Lisboa with 194 m²

Exceptional Investment Opportunity in the Prestigious Belém District

Discover a rare opportunity in one of Lisbon’s most historic and sought-after neighbourhoods. This charming 1929 building, with a total of 192 m² distributed across three independent apartments, offers the perfect blend of immediate income and long-term value creation.

Currently configured as one apartment per floor, the property already delivers strong returns:

- Two units are fully operational as Local Accommodation (AL), generating a net annual yield of 6.7%.

- The third apartment, in need of full renovation, represents a clear path to further value uplift, with the potential to push the projected annual net yield to around 10%.

For buyers seeking a fully reimagined asset, a Prior Information Request (PIP) is already underway with the municipal authorities. The approved concept envisions transforming the building into two highly efficient units:

- A charming T1 on the ground floor

- An impressive T2 duplex spanning the upper two floors, featuring a terrace and dedicated office space

The location is one of the property’s greatest strengths. Situated on a central street with free parking, the building is a short walk from the scenic Tagus River and the very heart of Belém—Jerónimos Monastery, the riverfront, the Palace, the Cultural Center of Belém, and Pastéis de Belém. It also benefits from fast and direct public transport connections to central Lisbon.

Although the building would benefit from overall upgrades, its flexibility opens the door to multiple strategies:

- Create your dream home in one of Lisbon’s most iconic neighbourhoods

- Live in one unit and rent the others

- Maximize profitability through Local Accommodation

- Execute the planned redevelopment to unlock even greater value

With its solid structure, prime location, proven income, and exceptional potential for capital appreciation, this property stands out as an ideal choice for both lifestyle buyers and seasoned investors.

A unique opportunity to secure a cash-flowing asset with a clear value-enhancement pathway in one of Lisbon’s most emblematic areas.