Gebäude am Fluss · Santa Apolónia

781 sqm gross private area · 6 floors · 7 units · Riverfront · Income + upside

Steps away from Santa Apolónia station, the Cruise Terminal and the heart of Alfama, a full-ownership building of traditional Lisbon architecture is for sale, facing the Tagus River with a commercial space on the ground floor and five residential floors, the top one split into two independent units.

This is a rare opportunity for investors, urban-renewal funds or developers: an asset with an irreplaceable location, combining income from day one with exceptional value-add upside, in one of the city’s most sought-after tourist and residential areas.

Day-one income

Five of the seven units are let and the leases transfer to the new owner, for a current income of €4,740 per month approximately €56,900 per year, including the rent from a telecommunications antenna. The 2nd and 3rd floor leases are quarterly and renewable, allowing short-term rent repositioning; the 5th floor leases are permanent-residence contracts, running until 2029 with annual rent indexation, giving stability to the cash flow during the repositioning phase.

Upside the core investment thesis

Two vacant units (1st and 4th floors, 229 sqm gross), a blank canvas for full refurbishment and letting at current market rents.

Rents of the occupied units to be repositioned to market levels as the respective leases end.

Commercial space under a long-standing lease, to be renegotiated.

Taken together, these three routes point to an estimated potential income of approximately €166,000 per year almost three times the current figure. This is an indicative estimate, calculated on the gross area of each unit and subject to confirmation; the detailed calculations are set out in the investment dossier.

Location and exit strategies

The riverfront setting, next to the Cruise Terminal and Alfama, on Lisbon’s most dynamic tourist axis, supports multiple strategies: long-term letting, conversion into high-end residential or resale after refurbishment. The view over the Tagus is one of the asset’s greatest strengths and a decisive argument for international investors.

The property is sold exclusively as a whole, in its current condition. A full dossier floor plans, summary of the lease agreements and urban-planning status is available to interested parties.

For further information, video, 3D virtual tour, in-person or video-call viewing, please contact us.

Property marketed on an exclusive basis, with a 50/50 commission split with all agencies.
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