Description
In the heart of the Castelo district, a fully owned building comprising 3 units, offering views, charm, and guaranteed income.
Imagine living in a historic building nestled against the ancient walls of Sao Jorge Castle, in one of Lisbon's most exclusive neighbourhoods, while simultaneously benefiting from a stable income stream. This unique property in Castelo offers exactly that: history, abundant natural light, and a compelling investment opportunity.
Held under full ownership, the building with pre-Pombaline origins is divided into three independent units, each with separate access.
On the ground floor, there are two studio apartments measuring 25 sqm and 30 sqm, tastefully renovated, fully equipped, and ready to be rented. Previously operated very successfully as short-term rental units (Alojamento Local), these studios now have the potential to generate an estimated annual income of €25,000 through medium- or long-term rentals.
On the upper floors, there is a larger residential unit with 200 sqm of gross private area, spread across multiple levels, featuring patios, balconies, and open south-facing views over the Tagus River. Natural light floods in from the south and east, illuminating a generous living and social area (45 sqm), as well as an additional room currently used by the owner as an office. On this same level (90 sqm usable area), there is also a kitchen in need of a refresh a bathroom, and an outdoor patio.
The impressive master suite occupies the entire top floor, complete with a walk-in closet and access to another patio facing the rear courtyard, as well as a balcony overlooking the Tagus.
The apartment would benefit from some updating, allowing the future owner to personalise the space and fully capitalise on its prime location. The layout is flexible and can easily be reconfigured into a spacious 2-bedroom, 3-bedroom, or even 4-bedroom apartment.
Vehicle access in the surrounding area is restricted to residents only, ensuring peace, privacy, and exclusivity.
Energy Rating: E
