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Prima Collection at Lisbon Square

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€350,000 - €995,000

In an attractive location next to the new CUF private hospital and the celebrated LX Factory, these serviced apartments for sale in Alcântara are part of an exciting new development which comprises a mix of accommodation, offices and landscaped gardens. However, what makes these properties so exciting is that they enable Golden Visa investors to access the programme at the lower €350,000 rate, all while generating rental yields of 3% for the first three years.

The Property

Spread over 25,000 sqm, this is a truly exceptional mixed-use project with nothing quite like it in the area. A mix of renovated and new-build properties, these apartments for sale in Alcântara range from studios through to two-bedroom apartments. These properties will be built in a contemporary style hardwood flooring, exposed brick walls and double pane windows to let in plenty of natural light. Some apartments also have balconies and terraces, all ground floor apartments boast private gardens. The properties are complemented by a range of hotel services such as laundry, room service and airport transports available via Prima Collection. There is also an on-site restaurant and spa.

The project was designed by the internationally acclaimed architect Frederico Valsassina. Over the years, Frederico Valsassina has been awarded prizes in many different fields, including the Valmor Prize (on four different occasions), the 2007 INH/IHRU National Prize, and three National Awards for Urban Rehabilitation. The apartments are also surrounded by beautifully landscaped gardens for enjoying Lisbon’s famously sunny climate.

Investment Potential

All apartments are eligible for the Portugal Golden Visa programme and allow investors to begin their application immediately. Typically in Lisbon, one must invest €500,000 in real estate to be eligible for a Golden Visa, however, what sets these serviced apartments apart is that owners can access the Golden Visa programme at the lower investment level of €350,000 as they are located within an area of regeneration. In an up-and-coming neighbourhood, this rare opportunity also has huge potential for capital appreciation with international schools and the new CUF hospital within walking distance.

The guaranteed yield of 3% net with no charges on top for three years and are set to perform well on the market for years to come thanks to their superb location. The rentals are seamlessly managed by Prima Collection and owners will also become a part of an exclusive network, allowing them to enjoy 25% discounts on all Prima Collection premises.

Location

Between the Tagus river and the Monsanto Park lies the trendy Alcântara, a former industrial area which now is home to a tranquil neighbourhood with renovated properties for sale, an array of arty retailers, and a mix of local and unique restaurants. Next to the exclusive Belém neighbourhood, Alcântara offers a quiet but yet traditional Portuguese lifestyle within a walking distance to the Tagus River promenade, the famous historical industrial complex LX Factory, and easy access to the Belém Tower, 25 de Abril Bridge and Caparica’s stunning beaches.

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