Description

Building in Bairro Alto - Chiado, in AL (Local Accommodation), Yield 7.65%.
Building in the heart of Bairro Alto - Chiado, fully rehabilitated in 2017 with 7 AL (Local Lodging) licenses active and transferable to the new owners according to Decree Law No. 76/2024 of 23/10/24. According to the owner’s information, income building, with REVPAR close to €94, sales €240,000/year and gross yield of 7.65%. Sold furnished, equipped, in working order and with 4 or more star hotel room areas.
The building used for commerce, was an old furniture factory and consists of 4 floors (ground floor + 3) in open space currently adapted to 7 accommodation units and a street store properly furnished and with air conditioning. This adaptation resulted in different typologies, 3 T0 (45 m2), 3 T1 (65 m2), and 1 T2 (75 m2), in which all units have a fully equipped kitchenette, with stove, oven, fridge, dishwasher, microwave, toaster, coffee machine and a kettle. Each unit has at least one private bathroom with a shower. All apartments feature a seating and dining area. Some units have a patio, terrace or balcony. There is also a communal toilet and a laundry room.
The building with a gross construction area of about 500 m2, has as main highlights in the decoration and architecture of the interiors the generous areas of all rooms (standard of a 4-star hotel), the design of the interior staircase (iron and wood), the high standard soundproofing frames with 3 windows, the tile coating of the façade and the ceiling height of more than 3m in the 1st, 2nd and 3rd floors that associated with 2m high door windows guarantee excellent luminosity in all rooms.
In the centre of Lisbon’s Old Town, you have a surrounding area with many popular restaurants and restaurants. Very close to Largo de Camões, Adamastor Viewpoint, Cais do Sodré, Ribeira Market, and the Estoril line train. Rossio is a 7-minute walk from the property. Lisbon Airport is 7 km away and the metro is 300 m away.