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Padaria 32

2 - 4

€695,000

The final two properties available in a stunning renovation project, these beautiful duplex penthouses for sale in Baixa are already delivered which means they are ready to enjoy or start generating rental income immediately. One of Lisbon’s most sought-after and best-known districts, these Baixa apartments enjoy a fantastic location on a calm street a short stroll from Praça do Comércio and the Tagus river. Plus, a varied selection of shops, restaurants and amenities can be found on the doorstep too.

The property

These loft-inspired penthouses are located in a renovated traditional building with a lift and both boast two bedrooms, open-plan living areas and mezzanine floors which may be used as a home office or an additional living space. The penthouses also feature wooden rooftop terraces, perfect for enjoying Lisbon’s famous sunny climate and the spectacular views over the Tagus and the Sé cathedral. The larger of the apartments will also be sold elegantly furnished.

In addition, there is also the option to combine both of the apartments to create a spacious four-bedroom apartment with a mezzanine floor of around 100 sqm.

Investment potential

Thanks to their great location in a prime district, these properties represent a stable investment set to benefit from capital appreciation as demand for properties in this popular neighbourhood consistently remains high. In this neighbourhood, the average selling price of similar properties rose by 19% between 2018 and 2019 (source: Confidencial Imobiliário).

As these properties are already delivered, they grant investors immediate access to the Portuguese Golden Visa programme. One of the most successful residency programmes in Europe, this scheme grants residency to both investors and their immediate family whilst paving the way to full Portuguese (EU) citizenship.

Location

Though Lisbon is famed for its hills, Baixa, meaning ‘flat’ in Portuguese, is refreshingly flat making imperfect for exploring by foot. The historic heart of the capital, Baixa is home to some of Lisbon’s most famous attractions as well as a good selection of shops and restaurants.

Whilst Baixa is lively during the day, this neighbourhood is quite calm in the evening with tourists and locals alike heading to the bars and restaurants in neighbouring Chiado.

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