Lisboa, Lisbon 1100

Typical building to renovate in Alfama with river view and profitability potential Unique opportunity in Lisbon: In the heart of Alfama, one of Lisbon's most iconic and touristy neighborhoods, you'll find this old building is ideal for investors looking to transform a historic property into a profitable asset. With a privileged location, this building is suitable for short or long-term rental, or for conversion into a boutique hotel or hostel. Building Features: The building is made up of 7 autonomous units, some inhabited and others ready for rehabilitation. Distributed in a basement with patio, ground floor, 1st and 2nd floor, the building offers multiple possibilities for renovation and improvement. In addition, it has an attic and two different fronts, one of them with direct access to the busy Rua de So Miguel, one of the most frequented streets in Alfama. Exceptional view and potential for change: This building is located in one of the few areas of Alfama where it is possible to make complete changes, allowing investors to fully exploit the potential of the property. Imagine enjoying a breathtaking view over the Tagus River and the Miradouro das Portas-do-Sol, one of Lisbon's most iconic landmarks, while creating luxury apartments or a unique hotel unit. Strategic location : A short walk from the viewpoints of Portas-do-Sol and Santa Luzia (250 m), the Fado Museum (150 m) and the Lisbon Cruise Terminal (350 m), this property is surrounded by tourist and cultural attractions that attract visitors from all over the world. This location offers a unique opportunity to capture the attention of both residents and tourists, increasing the potential profitability of the property. Safe and Versatile Investment: With 3 current leases, 2 short-term and 1 lifetime, this building offers immediate income to investors, while allowing the exploration of the potential of vacant fractions. The absence of local restrictions on modifications to the building is a major draw, ensuring flexibility and potential for customization. Don't miss this opportunity: Transform this historic building into a contemporary masterpiece in the heart of Lisbon. Ideal for domestic and foreign investors looking for a premium location with high potential for appreciation and profitability. Contact us for more information and to schedule a viewing.