Offering some of the best city and river views in Lisbon, Príncipe Real’s former coffee factory is beginning a new life. Undergoing a complete restoration, this architectural highlight is being turned into an impeccable selection of apartments for sale in Lisbon, within one of the city’s most sought-after and sophisticated districts. A fresh take on property redevelopment within a market that continues to grow in popularity.
Ranging from 2 to 4 bedroom apartments with gross areas of 120-350 sqm and terraces up to 150 sqm, all units have been thoughtfully designed, presenting top-quality finishes and benefiting from private parking and storage rooms. And all this in a quiet street just a few steps away from Príncipe Real Gardens and 700 meters from chic Chiado.
The perfect place for those living with high quality in the centre, close to everything that matters, yet away from the crowds.
Why is this opportunity so exciting?
With a shortage of supply and ever-growing demand for high-end properties in Príncipe Real - one of Lisbon’s most sought-after areas - projects like this don’t come often, especially considering the views on offer.
What's the investment potential?
Prices for new built and refurbishments in Príncipe Real average from €6,630/sqm to €11,169/sqm, according to the data collected by Confidencial Imobiliario. This collections of apartments for sale offer an average of €7,862/sqm with rental yields up to 6.5%, yet the combination of its prime location, its stunning views, the size and finishes are of such a level that it represents a significant investment opportunity.
Why Príncipe Real?
Considered one of the loveliest neighbourhoods, Príncipe Real is named in homage to Queen Maria II's firstborn “Royal Prince”. Calm and elegant, this neighbourhood offers a more peaceful alternative to Chiado, right next door. Set on the pinnacle of one of Lisbon’s seven hills, Príncipe Real slopes up from one of the city’s best viewpoints - São Pedro de Alcântara - to the historic Príncipe Real gardens. Connected by a patch-work of noble squares, with century-old trees, ponds and views over the city and glittering Tagus River, this area is very central and well-connected. Cosmopolitan and bohemian, it is also home some of the most sought-after restaurants, terraces, and concept stores.