Description
We present an excellent investment opportunity in one of the most emblematic, established, and sought-after neighbourhoods in Lisbon Campo de Ourique. Located in one of its most privileged areas, very close to Jardim da Parada and the Market, this building for full rehabilitation benefits from an exceptional urban setting where Lisbon's traditional charm meets a contemporary and cosmopolitan lifestyle.
With a full rehabilitation project already approved by the Lisbon City Council, this property represents a secure and highly attractive opportunity for investors looking to develop a quality asset in one of the most stable and high-value residential markets in the capital. The project already obtained translates into significant advantages, namely shorter administrative timelines and greater predictability in costs and execution stages, allowing works to begin quickly.
The building is completely vacant, with no tenants.
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Description of the Approved Project
The approved project foresees the creation of three independent units, designed according to an architectural concept that harmonises the historic character of the building with a contemporary and functional approach:
2 modern 2-bedroom apartments (T2), designed to offer comfort, natural light, and efficiency. Each unit combines high-quality materials with modern technical solutions, while retaining elements that reflect the traditional charm of Campo de Ourique.
1 duplex 4-bedroom apartment (T4) with generous areas and an interior layout that prioritises comfort and privacy, featuring a 15 m² terrace. Ideal for families or the rental market, the duplex offers a sophisticated and functional environment, with seamless integration between social and private areas.
1 basement level of 38.36 m², which may be used as a technical area, storage, gym, multipurpose room or support space for the upper units, contributing to the overall value of the building.
Gross construction area: 350 m²
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Urban Context - Campo de Ourique
Campo de Ourique is recognised as one of Lisbon's most authentic and complete neighbourhoods. Maintaining a distinct identity, it combines the atmosphere of a traditional residential area with a diverse and cosmopolitan offer, making it one of the most sought-after locations for both living and investing. Jardim da Parada is the social heart of the neighbourhood.
Shops and Services
The area is known for its wide range of high-quality local commerce from traditional shops to gourmet grocery stores and the renovated Campo de Ourique Market, a meeting point for gastronomy, leisure, and culture. In addition, the neighbourhood offers a broad selection of services, banks, pharmacies, and supermarkets.
Education
Campo de Ourique stands out for its excellent range of educational options, hosting some of the most prestigious public and private schools as well as international schools. This diversity makes it especially attractive for families and expatriates.
Accessibility and Transport
The neighbourhood benefits from an excellent public transport network, including several bus lines and the iconic tram. The proximity to the future Estrela metro station (next to Jardim da Estrela and the Basilica), currently nearing completion, will further enhance its accessibility. Access to key city routes such as Amoreiras, Avenida Infante Santo, Marques de Pombal, the A5 (Lisbon-Cascais) and the North-South Axis is fast and direct, allowing fluid mobility in and out of Lisbon.
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Conclusion
With a fully approved rehabilitation project ready to execute, this building represents an exceptional opportunity to develop a high-quality asset in a neighbourhood that continues to appreciate consistently. Campo de Ourique stands out for its balance between tradition and modernity, its strong sense of community, and its strategic location in the heart of Lisbon.
This is a solid investment, supported by a mature urban context and a continuously growing residential demand a rare opportunity to create value in one of the city's most desirable addresses.
Energy Rating: D
