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Property description
Bairro Alto - Chiado building, in LA (Local Accommodation), Gross Yield 7.65% Building in the heart of Bairro Alto - Chiado, fully rehabilitated in 2017 with 7 active AL (Local Accommodation) licenses and transferable to the new owners in accordance with Decree-Law No. 76/2024 of 23/10/24. According to information from the owner, income building, with REVPAR close to €94, sales €240,000/Year and gBairro Alto - Chiado building, in LA (Local Accommodation), Gross Yield 7.65% Building in the heart of Bairro Alto - Chiado, fully rehabilitated in 2017 with 7 active AL (Local Accommodation) licenses and transferable to the new owners in accordance with Decree-Law No. 76/2024 of 23/10/24. According to information from the owner, income building, with REVPAR close to €94, sales €240,000/Year and gross yield of 7.65%. Sold furnished, equipped, in operation and with hotel room areas of 4 or more stars. The building used for commerce was a former furniture factory and consisted of 4 floors (ground floor + 3) in open space currently adapted to 7 accommodation units duly furnished and a high street shop and all with air conditioning.
. This adaptation has resulted in different typologies, 3 T0 (45sqm), 3 T1 (65sqm), and 1 T2 (75sqm), in which all the units have a fully equipped kitchenette, with hob, oven, fridge, dishwasher, microwave, toaster, coffee machine and a kettle. Each unit has at least one private bathroom with a shower. All flats have a seating and dining area. Some units have a patio, terrace or balcony. There is also a communal toilet and a laundry room. The building, with a gross construction area of around 500sqm, has as its main highlights in terms of interior decoration and architecture the generous areas of all the rooms (4-star hotel standard), the design of the interior staircase (iron and wood), the high standard soundproofing frames with 3 panes of glass, the tiled cladding on the façade and the ceiling height of more than 3m on the 1st, 2nd and 3rd floors, which together with the 2m high door windows ensure excellent light in all the rooms. In the centre of Lisbon’s historic district, there is a surrounding area with many popular restaurants and eateries. Very close to Largo de Camões, Miradouro adamastor, Cais do Sodré, Mercado da Ribeira, and the Estoril train line. Rossio is a 7-minute walk from the property. Lisbon Airport is 7 km away and the metro is 300 metres away. (ref PE-[hidden information])
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