Avenidas Novas - Lisbon
€500,000 - €1.595m
On a prestigious avenue in Avenidas Novas an iconic period building is being transformed into a collection of 42 apartments with one to four bedrooms. The properties enjoy a superb central location right next to El Corte Inglés (department store) and Parque Eduardo VII, Lisbon’s iconic manicured park. Plus, the enchanting Gulbenkian Garden and Avenida da Liberdade, one of Europe’s finest high-end shopping districts, are within walking distance too.
Creating a sense of timelessness, the traditional imposing facade will be carefully restored to its former glory and the interiors of these apartments will be finished in a beautiful modern style using stone and wood as the main materials. There is a fantastic variety of apartments available, including duplex penthouses (one of which boasts an outdoor swimming pool) and a ground-floor apartment with a private garden.
All of the one-bedroom apartments will be delivered fully furnished whilst the two to four-bedroom apartments benefit from a parking space.
All of these apartments for sale in Avenidas Novas are eligible for Portugal’s Golden Visa programme that grants residency to investors and immediate family members whilst paving the way to full Portuguese (EU) citizenship. What’s more, investors can apply for a Golden Visa immediately which is especially important given that the programme is changing at the end of the year.
Not only are these apartments perfect for those who want to own a property in the centre of Lisbon, but they are an interesting rental investment opportunity too as the furnished one-bedroom apartments can be rented out with a guaranteed yield of 4% for two years.
Central, flat and with everything on the doorstep, Avenidas Novas is one of Lisboetas' favourite neighbourhoods. This area enjoys beautiful architecture and baroque palaces along with some of the world’s top shopping brands, both at Avenida da Liberdade and El Corte Inglés.
There are also some wonderful green spaces close by such as Parque Eduardo VII and the tranquil Gulbenkian Garden.