$1,164,941

Unique Investment Opportunity On Avenida | São José Street

  • 6 Beds
  • 4 Baths
  • 2,476 Sqft
  • 831 Sqft lot
  • Updated: Yesterday

About the Property

Looking for your next major rehabilitation project in the capital?

We present this urban building located on the prestigious Rua de São José, just steps from Avenida da Liberdade. A premium, highly coveted location where historic charm meets the dynamism of the city centre.

Close to the main public transport links, the property benefits from the possibility of contracted parking
Looking for your next major rehabilitation project in the capital?

We present this urban building located on the prestigious Rua de São José, just steps from Avenida da Liberdade. A premium, highly coveted location where historic charm meets the dynamism of the city centre.

Close to the main public transport links, the property benefits from the possibility of contracted parking nearby, as well as shopping areas, services, theatres and world-renowned stores.

Current Configuration: 2 residential floors + 2 commercial spaces/shops on the ground floor.

Value-Add Potential: Property requiring full renovation, with considerable potential to add one more floor (subject to municipal approval), maximising the private gross floor area and project profitability.

Property with monthly rental income.

Versatility: Ideal for developing boutique apartments, a luxury private residence or an income-generating project.

Do not miss the opportunity to give new life to a rare asset in one of Lisbon’s most valuable areas.

The Parish of Santo António was formed by the merger of three Lisbon parishes: S. José, Coração de Jesus and São Mamede. Named in honour of Lisbon’s patron saint, the parish seeks to preserve the past and create new stories in the capital; to include all people and businesses in community life; to enhance and preserve its iconic places; and also to be an example of innovation, attracting young people and entrepreneurs to this location in the very heart of Lisbon. Barata Salgueiro Neighbourhood, Camões Neighbourhood (inaugurated in 1880, on the 300th anniversary of the death of poet Luís de Camões), the Diário de Notícias building, the Church of the Sacred Heart of Jesus and the “Franjinhas” Building reflect the area’s urban development.

The parish includes the renowned Avenida da Liberdade, inaugurated at the end of the 19th century. The “Passeio Público” was created in the style of the great European boulevards of the time. This distinguished part of the city features, on both sides, large stately mansions representing the area’s wealth and excellence. Until the end of the 20th century, the area mainly attracted major service companies; since the early 2000s, however, it has seen the arrival of major international brands and property redevelopment aimed at the luxury residential market.
  • Property type

    Other

  • Floors

    3

  • Price/sqft

    $470

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Santo Antonio, Lisbon, Portugal View on Google Maps
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Engel & Völkers Iberia

5

Joined 3 years ago
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Engel & Völkers Iberia
Spain
View agency profile
2580
Listings
2023
Joined
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Engel & Völkers Iberia
Barcelona, Spain
View agency profile
Last updated
Yesterday
First listed
Aug 18
Listing reference
I-04AYYI-W-04AYYI
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