SottoMayor Premium Apartments is a collection of 43 renovated apartments for sale in the heart of Lisbon, right next to Avenida da Liberdade and Marquês de Pombal.
Created by one of the best developers in town, these one to three-bedroom apartments for sale are part of the ‘best residential renovation redevelopment project in Portugal’ awarded by the European Property Awards and The Telegraph - SottoMayor Residences.
This charming period building is being transformed into spacious and modern apartments ranging from 51-198 sqm. Designed to preserve the original features of the building while updating the interiors with a contemporary style, these residences feature high ceilings, light-filled interiors and top-of-the-line finishes and materials, such as Lioz and Botticino Fiorito Honeo stones and Viúva Lamego tiles.
On the ground floor lie two apartments with spacious gardens of 84-124 sqm and a swimming pool. The 5th floor accommodates five penthouses with exterior areas of up to 194 sqm, offering panoramic city views.
Why is the investment opportunity so exciting?
Set in a privileged and central area, on a quiet residential street and less than 500 meters away from Avenida da Liberdade, these residences are the perfect place in which to live or to put on the long-term rental market.
Surrounded by elegant refurbished buildings, high-end hotels and leafy wide avenues, these apartments are superbly located with everything on the doorstep: transport, services, entertainment, restaurants, shops, Portuguese and international schools, and business and medical centres. They are also a short walk to the Eduardo VII Park, the largest park in the city centre, and the Calouste Gulbenkian Museum’s lovely gardens.
This is a truly unique opportunity with the possibility to purchase a property using a structure that guarantees 10% income generation during the construction period and the chance to obtain a temporary residency permit immediately through the Golden Visa programme.
What’s the investment potential?
Perfect to live-in or as a buy-to-let with a forecast of up to 7% rental yields, these apartments offer strong potential for capital gain. With an average of €7,560 per sqm, this project is well-priced when compared to other properties in the area which can go up to €10,000 per sqm.
Why Avenidas Novas?
Avenidas Novas is an elegant, spacious and peaceful neighbourhood. Nestled on the top of Avenida da Liberdade, this area has a mix of baroque palaces, period and modern buildings.
Known for its Madrid-style wide and flat avenues, a rarity in Lisbon, this neighbourhood is very sought-after by young professionals and families who are looking for a cosmopolitan yet relaxing lifestyle in the heart of the city.
Conveniently located next to the entertainment and business districts, Avenidas Novas is also a few steps away from the prestigious Avenida da Liberdade and the largest park in the city centre - Eduardo VII Park.