Overview
- Updated On:
- October 3, 2020
- 2 Bedrooms
- 2 Bathrooms
- 957.00 ft2
Property Description
Just four minutes’ walk from Praça do Comércio and the Tagus river, this two-bedroom apartment for sale in Lisbon enjoys a fantastic location in Baixa, the historic heart of the capital.
The Property
This apartment for sale in Baixa spans 89 sqm and features an open-plan living and dining area of 40 sqm and two bedrooms, one of which has an en-suite bathroom. Located on the corner of the building, this property is bathed in light thanks to its high ceilings, floor-to-ceiling windows and numerous Juliet balconies.
Equipped with a lift, the building in which this property is located was renovated back in 2017 and features a beautiful Portuguese facade with carefully preserved azulejos.
Investment Potential
This apartment is eligible for Portugal’s Golden Visa programme, which grants residency to investors and their immediate family when they invest €500,000 or more in real estate. After five years, it is then possible to apply for full Portuguese citizenship.
Whilst short-term lets are heavily restricted in Baixa, this property can be rented out on a long-term basis and has an estimated annual yield of 3.7%.
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.
