Padaria 32 consists of 10 apartments and 2 commercial spaces for sale in Lisbon, located in the central and popular neighbourhood of Baixa. Set in a quiet street, the 19th century building perfectly illustrates the typical architecture of the Portuguese capital. While keeping the structural walls and facades of the building (some of them are actually from São Jorge Castle), the building will be completely renovated reusing as many original features as possible such as the decorative tiles or the central roses from the ceilings. The 10 properties will blend tradition and modernity to meet today’s high standards of living.
The building will feature impressive 4 meter-high ceilings, providing a great amount of natural light while some of the apartments will enjoy beautiful views over the Tagus River. Ranging from 114 sqm to 152 sqm, the two and three ensuite bedroom apartments available will be entirely furnished, and the kitchen and bathrooms will be equipped with high standard brands.
The new properties for sale in Lisbon are located next door to Chiado, one of Lisbon's most exclusive neighbourhoods, famous for its numerous fashion boutiques, trendy restaurants and vibrant bars.
Even if set in a residential street of Baixa, the apartments are a few steps away from the myriad of restaurants, cafés, shops and taverns the area has to offer. Rua da Augusta, Baixa’s main attraction, is easily reached thanks to the Santa Justa lift.
These renovated properties for sale in Lisbon represent an ideal opportunity for international investors interested in long or short term rental with a rental yield estimated between 5.5% and 6% gross. Some of those apartments for sale are eligible for the Portugal Golden Visa programme, leading to permanent residency & European passport, which you'll be benefiting from when investing in one of those properties. Click here if you want to learn more about the programme.