Building for sale in Alfama

Charming Building for Renovation in Alfama with River Views and High Investment Potential

Unique Opportunity in Lisbon: Located in the heart of Alfama, one of Lisbon's most iconic and touristic neighborhoods, this historic building is perfect for investors looking to turn a traditional property into a profitable asset. In a prime location, this building is ideal for short or long-term rental, or for conversion into a boutique hotel or hostel.

Building Features: The building consists of 7 autonomous units, some of which are occupied, while others are ready for renovation. These units are distributed across a basement with a courtyard, ground floor, and first and second floors, offering multiple possibilities for remodeling and value appreciation. Additionally, the building includes an attic and two distinct facades, one of which has direct access to the bustling Rua de São Miguel, one of Alfama’s busiest streets.

Exceptional Views and Renovation Potential: This building is located in one of the few areas in Alfama where complete modifications are permitted, allowing investors to fully explore the property's potential. Imagine enjoying stunning views over the Tagus River and the Portas do Sol viewpoint, one of Lisbon’s most iconic spots, while creating luxury apartments or a unique hotel.

Strategic Location: Just steps away from the Portas do Sol and Santa Luzia viewpoints (250m), the Fado Museum (150m), and Lisbon's Cruise Terminal (350m), this property is surrounded by tourist and cultural attractions that draw visitors from around the world. This location offers a unique opportunity to capture the attention of both residents and tourists, increasing the potential profitability of the property.

Secure and Versatile Investment: With three rental contracts in place, including a one-lifetime lease, this building offers immediate income for investors while allowing for the exploration of the vacant units' potential. The absence of local restrictions on building modifications is a major attraction, ensuring flexibility and customization potential.

Don't miss this opportunity: Turn this historic building into a contemporary masterpiece in the heart of Lisbon. Ideal for both national and international investors seeking a premium location with high potential for appreciation and profitability. Contact us for more information and schedule a visit.