This apartment for sale in Lisbon occupies an enviable location on a quiet street in Príncipe Real and is just a stone’s throw from the beautiful São Pedro de Alcântara viewpoint and four minutes’ walk from Avenida da Liberdade, Lisbon’s brand-filled spine and one of Europe’s most prestigious shopping streets. Not only can a good selection of restaurants and transport links be found close by, but this renovated apartment is also a short walk from Chiado and the Botanical Garden.
This Lisbon apartment for sale is part of an exciting renovation project which will see a former print house transformed into a collection of 11 apartments. Fusing tradition with modern touches, the original facade of the building will be carefully restored whilst the interiors of the apartment will be finished in a contemporary style with an elegant light colour scheme and large windows to let in plenty of natural light.
This duplex apartment spans 103 sqm and features an open-plan living and dining room on the first floor which opens up to a private garden. A guest toilet and the bedroom, complete with a fitted wardrobe and an en-suite bathroom with a double vanity, are located on the top floor of the property. The bedroom also opens up to a private terrace.
This apartment is well-priced for this sought-after neighbourhood at €5,080 per sqm as prices in Príncipe Real typically range from €7,000 to €10,000. There is also strong potential for capital appreciation as between 2017 and 2020, property prices for similar apartments in the nearby area rose by 25% (Confidencial Imobiliário).
Not only is this property a great lifestyle investment for a couple who want a well-placed pied-à-terre for city breaks or those who want to live peacefully in the capital, but it is also set to perform well on the long-term rental market with ane estimated gross rental yield of 5%.
Located in the historical centre, Príncipe Real is one of the most sought-after neighbourhoods in the city and is famed for its charismatic and vibrant atmosphere. Príncipe Real, named in honour Queen Maria II’s firstborn, is an interesting mix of residential areas, boutique shops and some of the best restaurants in the capital. It is in this neighbourhood that you will find some of Lisbon’s best attractions such as the lush Botanical Garden of Lisbon, the São Pedro de Alcântara viewpoint and the National Museum of Natural history and Science.