The upscale condominium is made up of 11 refurbished apartments and a large Lisbon Commercial Property Investment opportunity in the central Alcantara district of Lisbon. Each of the apartments has now been sold. However, the ground floor shop / commerical space is still available for purchase and ready for immediate commercial activity.
Location
Alcantara is an upcoming residential district in the centre of Lisbon next to the bay with Lisbon’s iconic suspension bridge ‘Ponte 25 de Abril’. The cozy neighbourhood is popular with both local Portuguese families and ex-pats and features quaint coffee shops, convenience stores shops and restaurants all in walking distance from the condominium. The most famous attractions in the area include the LX Factory a famous arts centre made up of artistic retail stores and hip restaurants and the close by Belem district home to the famous Belem Tower and debatably the world’s most tasty pastry the famous ‘Pasteis De Belem’.
The Investment
On sale is a huge 311- Square meter shop on the ground floor of the condominium. Given the popularity of the area amongst both Portuguese residents and tourists, the Lisbon commercial property investment is primely located for business. The Lisbon Commercial property investment is on sale at just €830,000 giving it a very reasonable cost per square meter for this location. The commercial shop is ready for immediate inhabitation.
The Developer
The Lisbon-based developer has a fantastic track record in Portugal. They were one of the first developers to rehabilitate properties in Portugal for the Golden Visa and are now one of the market leaders in residential and commercial refurbishment category projects eligible for the Portuguese Golden Visa. The developer has a large portfolio of successful developments across Lisbon and nearby towns of Alcacer and Evora. They also recently launched their first project in Porto with serviced apartments on sale from €180,000 for studio, meaning that investors can purchase two apartments for €360,000 and apply for the Portuguese Golden Visa.
