Building For Sale In Misericórdia, Lisboa Re/Max Portugal

Building in Príncipe Real - Rua da Vinha, Lisbon

5 out of 6 flats / Vacant / €1,650,000

An urban building constructed before 1951, under a horizontal property regime, located on Rua da Vinha, in the parish of Misericórdia—right in the heart of Bairro Alto, a 5-minute walk from Príncipe Real and Chiado, and 12 minutes from Avenida da Liberdade.

The building has 3 floors, sits on a 151.43sqm plot, with a footprint of 135.96sqm and a total gross private area of 349.28sqm, divided into 6 independent residential units.

Five units with a total private gross area of 283.84sqm are for sale:
- Unit B, Ground Floor Right: 53.03sqm (+1.72sqm storage)
- Unit C, 1st Floor Left: 54.75sqm (+1.12sqm storage)
- Unit D, 1st Floor Right: 61.20sqm
- Unit E, Attic Left: 54.38sqm
- Unit F, Attic Right: 60.48sqm

Unit A (Ground Floor Left, 62.60sqm) is not included in this lot but may be added to the sale at an agreed price, allowing acquisition of the entire building.

The units are vacant and partially stripped out: kitchens and bathrooms have been removed; electrical and plumbing systems are ready to be redone. Characteristic features remain, including generous ceiling heights with cornices and rosettes, double-leaf wooden doors with transoms, terracotta tile floors, antique tiles, and partially replaced window frames.

The building was registered in the land registry before 1951, features a communal wooden staircase, and enjoys good sunlight exposure on the upper floors.

Additional Information:
- All units are sold vacant and free of tenants; the only occupied unit will be vacated by December 31, 2026.
- No tenant rights of first refusal apply.
- Single ownership (inheritance) with complete and available land registry documentation.

Potential:
- With 83.1% ownership, the buyer can proceed with a full project without needing third-party approval.
- Five units between 53 and 61sqm—the most liquid property type in Bairro Alto and Príncipe Real—suitable for resale after renovation, long-term rental, or tourist accommodation under current regulations.
- Including Unit A would bring ownership to 100%, enabling full reconfiguration, including attic and roof conversion and installation of an elevator via the rear courtyard.

Price: €1,650,000 for the block of 5 units.
Unit A negotiable separately.

Viewings by appointment only.

Documentation pack available for qualified investors.