Overview
- Updated On:
- October 3, 2020
- 2 Bedrooms
- 2 Bathrooms
- 1,151.00 ft2
Property Description
Situated in Baixa, the historic heart of the capital, this Lisbon property for sale enjoys a great location just four minutes walk from Praça do Comércio and the Tagus river. Plus, a plethora of restaurants can be found close by too.
The Property
This Baixa apartment for sale is located on the first floor of a traditional Portuguese building with a lift which was renovated in 2017 and features a carefully preserved facade with beautiful azulejos. Spanning 107 sqm, this property comprises a spacious living and dining area as well as two double bedrooms. The master bedroom benefits from an en-suite bathroom whilst the other bedroom has a charming balcony. With high ceilings and floor-to-ceiling windows, this property enjoys plenty of natural light.
Investment Potential
One of the advantages of this apartment for sale is that it grants investors immediate access to the Portugal Golden Visa Program. Amongst other benefits, a Golden Visa enables easy travel throughout the Schengen area and paves the way to Portuguese citizenship.
In addition, if the future owner decides to rent out this apartment on a long-term basis they will be able to generate an estimated rental yield of 3.25%.
Location
The historic heart of Lisbon, Baixa is home to restaurants, shops and some of the capital’s most famous landmarks such as the grand Praça do Comércio and Rua Augusta, a pedestrianised, mosaiced street bookended by Arco de Rua Augusta and Praça Dom Pedro IV.
Whilst Baixa is bustling during the day, this neighbourhood tends to be more peaceful at night with locals and tourists alike heading to nearby Chiado, one of Lisbon’s best nightlife spots.
