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Modern Penthouse in Serviced Apartment Building

€ 1,400,460 £ 1,236,110 $ 1,669,981

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The Lumiares Luxury Hotel Apartments occupies a former palace in Bairro Alto, in the heart of Lisbon. Centrally located, it is walking distance to all of the
fine restaurants, nightlife, shops and attractions that this bustling, bohemian hill-top location has to offer. It is also minutes on foot, or by funicular, to Lisbon’s
main commercial and business address, the Avenida da Liberdade.

The building, situated on the Rua São Pedro de Alcântara, commands views over historic Lisbon to the Castelo São Jorge in the East and enjoys the unique characteristics of the Bairro Alto neighborhood providing an unrivalled location for The Lumiares Luxury Hotel Apartments.

The property is part of fifty-three 5* hotel apartments on four storeys above ground floor, with spa, bar and underground parking within a professional hotel management structure. Facilities include:

• Ground floor Reception and Concierge. Two shops with main street frontage which will be selling high end retail/fashion items.
• Underground parking spaces for each apartment and 60 storage units on 3 basement levels.
• Large rooftop terrace café/bar (the Alto Bar) with direct access from Main Reception.
• Spa/Gym on the ground floor and basement (-1 level) with direct access from Reception.

This unit also benefits from an optional guaranteed return on investment over the first three years and a generous furniture package. The rental structure ensures a protected investment opportunity for buyers looking to take advantage of a strong market in Lisbon in an area that is expected to show some excellent capital growth over the next few years. Buyers who enter the rental scheme will enjoy a three year rental guarantee of 4% gross per annum.

The penthouse is located on the 4th floor of The Lumiares, featuring a terrace with city views, two en-suite bedrooms, a living room with open kitchen and a guest bathroom. Besides that, the unit also comes with a parking space underground and a storage unit.

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Key information

Reference: PPSS2787

Apartment

Lisbon, Lisbon & Lisbon Coast

2 bedrooms

3 bathrooms

Developer ownership

Built in: 2017

164m2 build size

€ 8,539 £ 7,536 $ 10,182 / m2 build

Features

  • Air conditioning
  • Furnished
  • Parking
  • Underground Parking
  • Reception room
  • Terrace/Balcony
  • Gym
  • Storage room
  • Spacious

The location: Lisbon

Not only is Lisbon Portugal’s largest and most wealthy city, but it also has the unique distinction of being Europe’s furthest western capital city. With a population of over 2.8 million in Lisbon and the surrounding area, it certainly qualifies as a large city on any scale.

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Yours sincerely,
Larisa Marin

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