Arco Augusta, a brand new collection of 28 luxury apartments for sale in Lisbon, is the most significant regeneration of a historic building in Baixa since Lisbon’s recent wave of gentrification began.
Just set off Praça do Comércio, the world’s most renowned square in Lisbon, these superbly renovated properties are part of a beautiful period building, previously owned by the second largest bank in Portugal, Banco Espirito Santo. The beautiful historic building lies by the stunning Arco Augusta, where the famous Rua Augusta starts.
Renovated by one of the finest developer in the portuguese capital, the studio to 2 bedroom properties for sale are ranging from 53 sqm o 137 sqm. Some apartments in this building dating back from 1767 will benefit from exterior spaces, from the typical Pombalian balcony of 3sqm to large terraces of up to 24 sqm.
Spread across 5 floors, the properties located on the first to third floor will enjoy higher ceilings of 3,10m while the 4th floor will have access to balconies or terraces and the 5th floor will enjoy some views of the river Tagus a few meters away. The interior design is sleek and elegant. All apartments feature an open plan kitchen, ensuite bedrooms with equipped bathrooms and an extra guest room. The properties have been designed to cater for modern living standards, while combining the traditional features of the Pombalian architecture.
Perfectly located in Baixa, one of the trendiest and most touristic areas of Lisbon, Praça do Comércio is one of the finest areas of the capital and reflects the colonial power and influence Portugal once commanded. Both the River Tagus and bustling Rua Augusta, with its restaurants, boutiques, traditional Portuguese shops and tourist must sees such as the elevator Santa Justa or Modern Art museum are right on the building’s doorstep, making it an ideal investment for short-term rentals.