For Sale - Lisbon, Chiado - From €380,000

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More about this property

Spacious studios and 1 bedroom apartments

Central Chiado

Close to amenities

Close to River Tagus

Partly River views

41.9 to 98.95m²

Originally built in the 18th century

Q4 - 2020

30% below the top end price of Chiado's market

Good for short-term rentals with yields up to 6%

A building formerly owned by the Portuguese Royal family, now belonging to the D. Manuel II Foundation and represented by His Royal Highness the Duke of Bragança, is being completely transformed into superb residences for sale in Lisbon. Nestled on the top of a hill on a quiet and residential street of Chiado, this historic building was originally built in the 18th century. In the 1990s and after the tragic Armazéns do Chiado fire, this building was fully restored by the Portuguese architect Álvaro Siza Vieira, a world architecture reference and Pritzker winner. Preserving and respecting its architectural elements, this project combines a magnificent 19th-century facade with modern design. From spacious studios to one-bedroom apartments available for sale in Chiado, every single unit has been carefully thought out, featuring beautiful white stone bathrooms, elegant pine wood floors and stylish kitchens with top-end appliances. A truly unique feature, the gaiola pombalina, a wooden anti-seismic structure created after the 1755 Lisbon's earthquake to protect the buildings. Nowadays this structure is used in the living rooms and bedrooms, as a fashionable and iconic piece, that both Lisboetas and foreigners adore.

Why is this opportunity so exciting? The historic legacy of this corner building, its privileged and quiet location alongside the exceptional price point, 30% below the top end of Chiado's market, make this new collection of apartments for sale extremely attractive. Strategically sheltered in a residential street, close to the river and the bustling and chic Chiado's centre, at Vitor Cordon 38 residents can enjoy the peace and harmony this prestigious district has to offer...

What’s the investment potential? The most exclusive, elegant and influential neighbourhood in Lisbon, the demand for Chiado is tremendously high. Prime refurbished apartments in this are area generally priced between €9,000/sqm and €12,000/sqm. These properties for sale offer a lower average of €8,424/sqm, representing strong capital growth margins in a sought after area, which is also good for short-term rentals with yields up to 6%.

Why Chiado? Chiado is the capital’s centre of chic, culture, fashion and commerce. A sumptuous district replete with dazzling architecture, with traditional and historic buildings, beautifully preserved facades and mosaic squares. Home to Michelin starred restaurants, renown cafés, famous museums and theatres, designer boutiques, artisan ateliers and international brands, this exhilarating and diverse district is draped over a hill that runs down from Bairro Alto to Baixa and the River Tagus.

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IMPORTANT NOTICE FROM HAQ OVERSEAS LTD

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.