Alecrim 51, Chiado, Lisbon | Athena Advisers

Chiado Alecrim 51

Studio - 3 Bedrooms
410000 - 2550000

Set on Lisbon’s iconic Rua do Alecrim in Chiado, at the crossroads of the capital’s most cosmopolitan districts, a stately 18th-century building is being transformed into a collection of 15 design-led apartments with river views, exceptional contemporary finishes and carefully restored original architectural elements.

Offering an excellent range of apartments, including a spectacular loft-inspired residence with vaulted ceilings, arches and industrial decor, this one-of-a-kind project is ideal for those looking for a central Lisbon home that balances contemporary comfort with traditional Portuguese charm. 

These apartments are extremely well-located as they are just a six-minute walk from the Tagus river and a variety of historic cafes, theatres, bars and fashionable restaurants can be found close by. The British School of Lisbon is just a five-minute walk away and several leading schools and universities - such as ISEG, IADE and Redbridge School - are less than 10 minutes away by car.

While Alecrim 51 has everything you could need right on the doorstep, Chiado is very well connected to the rest of the city. Baixa and lively Bairro Alto are less than 10 minutes away on foot and a five-minute walk will bring you to the Cais do Sodré transport hub, which is opposite the popular Time Out Market.

The properties

This remarkable project comprises 14 residences across five floors, served by a lift ranging from optimised studios to spacious three-bedroom apartments. Residents enter the building through a striking lobby furnished with a concierge desk and an original work of art.

Respecting the heritage of the building, the original Pombaline facade, complete with traditional Lioz stonework and filigree balconies, will be preserved, whilst the interiors will carefully blend original elements, such as colourful azulejos, moulded ceilings and wooden window frames, with contemporary design.

To make the most of the natural light, the apartments feature a mix of high ceilings, arches, folding doors and glasswork. What’s more, nearly all of the apartments have outdoor living space in the form of balconies or winter gardens for enjoying Lisbon’s sunny climate and properties on the upper floors offer incredible views over the Tagus river. Adaptable to your lifestyle, many apartments have extra rooms that can be turned into a home office, extra sleeping space, or whatever you choose.

Creating a warm welcoming ambience, the residences have wide-planked hardwood flooring throughout and open-plan living areas with sleek, integrated kitchens equipped with appliances from Miele, Gaggeneau or an equally high-quality brand. The bedrooms have ample storage space with built-in wardrobes, some of which are walk-in, and many have en-suite bathrooms with heated walls and marble wash basins.

One of the most exciting properties in Alecrim 51 is the “Archos Loft”. This property has a private entrance and a striking interior that combines original vaulted ceilings, columns and archways with industrial influences such as a floating staircase, exposed stonework and a black metal grating on the mezzanine.


Investment potential

As well as a beautiful and well-located place to call home and savour Lisbon's incredible quality of life, these apartments have a number of attractions that make them a great investment too. 

Set on a famous street, Alecrim 51’s apartments are brimming with historic charm and exceptional finishes, making them akin to works of art and unrivalled within their neighbourhood. Furthermore, the unobstructed views over the river from the upper floors on both facades is something of which only a few buildings on Rua do Alecrim can boast. These factors combined make Alecrim 51 a true one-of-a-kind development, endowing its apartments with a strong resale appeal and the ability to perform well on the rental market, with expected yields of 3.8% (gross). Compared to delivered properties in Chiado, which can command up to €11,000 per sqm, Alecrim 51’s properties are well-priced at €8,000 per sqm, creating room for capital appreciation upon delivery and over the coming years.


"On a prestigious street in the city’s historic centre, these apartments offer the sought-after mix of contemporary design, preserved historic elements and river views."

Carlota Pelikan, Destination Adviser for Portugal

Interested in Alecrim 51?

Please fill out the form below and one of our property experts will get in contact.

Carlota Pelikan

Lisbon Adviser

David Moura-George

Managing Director, Portugal

Marta Salgado

Portugal Adviser