Strategically located in Lapa, one of the most noble areas of Lisbon, an iconic palace is being renovated into an impressive collection of 14 apartments. Perfect for living in or renting out, these residences enjoy a privileged location just 200 metres away from the banks of the Tagus River and are within walking distance from the neighbourhoods of Alcântara and Santos.
Preserving its historic and iconic facade, this prime development, which was once upon a time a convent, carefully balances the charm and history of the building with modern comfort and aesthetic.
The 14 residences are distributed across five floors and boast palatial spaces, detailed high ceilings, breathtaking frescoes and traditional old wood and stone flooring. The properties range from studio apartments to three-bedroom apartments with interior areas between 50 and 257 sqm. All residences have access to a beautiful communal terrace and underground private parking, and some units boast spacious exterior areas. The properties on the top floors also benefit from stunning views over the city and river.
Nestled in a privileged street in Lapa, these properties for sale are steps away from the Tagus river, the charming Jardim 9 de Abril and the National Museum of Antique Art. In the nearby area, you will also find the new CUF private hospital, the Alcântara marina and the creative hub LX Factory. Alcântara will also be home to the BNP Paribas business centre which will house 3,000 employees is set to be completed within the next three years.
Perfect for families, this project is conveniently located next to some of Lisbon’s best international and local schools such as the Lycee Français Charles de Pierre, the Redbridge school and Salesianos. All of these schools are less than 10 minutes away by car or can be reached by public transport.
Why is this opportunity so exciting?
There are less than 50 palaces in the Lisbon and it is incredibly rare for one to become available for sale, especially one that so perfectly marries historic features with modern comfort. Additionally, the combination of its exclusive location and competitive price make it the perfect real estate investment, ensuring high liquidity in the future.
What’s the investment potential?
Prime properties in Lapa range between €5,500 and €8,000 per sqm depending on the location and type of property. This project offers an average of €7,943 per sqm, which is fantastic taking into consideration the coveted location, its historic features and high-end finishes. This also means that there is room for capital growth in the upcoming years. Plus, there is huge international demand to live in this noble area which can result in great yields on the long-term rental market.
In addition, many of these properties are eligible for the Portuguese Golden Visa programme which grants investors residency for them and their immediate family. After 5 years, it is then possible to apply for full EU citizenship.
Lapa is one of the most privileged and affluent neighbourhoods in Lisbon. Preserving its noble identity, the tree-lined streets of this bairro are home to embassies, palatial mansions, beautiful gardens and palaces. Away from the hustle and bustle of the city centre, Lapa is one of the most sought-after neighbourhoods in Lisbon.
With a wide selection of renowned restaurants, independent stores, alfresco cafes, museums and cultural attractions, there is plenty to enjoy in Lapa. If you wish to explore further afield, the city centre, the bohemian neighbourhood of Santos and artsy Alcântara are nearby.