Description
A unique property, rich in history, in an exceptional location next to Sao Jorge Castle.
Built in the late 19th century in the late Pombaline style, this building of exceptional architectural and historical value incorporates part of the old city wallwhich once marked the city's boundariesalong with a 7th-century Moorish tower and a vast cistern.
Various rehabilitation and renovation projects in recent years have allowed it to preserve visible traces of its history and past while simultaneously creating high-quality residential spaces that meet modern comfort standards.
Many apartments have retained their original wooden flooring and ceilings, stone staircases, vaulted brick elements, and more. The facade has also undergone a full restoration, enhancing its original, distinctly Pombaline design.
This remarkable property captivates with its unique features, lush gardened exterior, and breathtaking panoramic views over Alfama, Graca, and the Tagus River.
Comprising 13 unitstwo of which are commercial spaces (currently leased)the building is also distinctive in that each apartment is unique in layout and size, ranging from compact 40m² studios to an expansive 300m² duplex with multiple balconies and a 150m² garden. Of the 13 units, only three are subject to old rental agreements, while the remaining ones are either rented at current market rates or available for lease.
Acquiring this building means owning a piece of the city's history. Living in its vast 300m² duplex, with stunning views and a spacious private garden, is a privilege for the few. With a profitability of 5-6%, it also presents an attractive investment opportunity.
De Brito Properties is a family-run real estate agency specializing in sourcing properties in Portugal for discerning international clients, ensuring a smooth and secure investment and relocation process.
Our international team of 30 consultants supports clients across the country. To better serve their needs, we have three strategically located offices: in Lisbon, in the Estrela district; in Azeitao, in the heart of the Arrabida region; and in Almancil, in the prestigious Golden Triangle of the Algarve.
Energy Rating: D
