Located in a beautiful, small, leafy square off Rua Penha da França, comprising similar sized and classic buildings from the same period, this 1946 elegant corner building, with a twin corner building on the other side of the square, is of excellent original construction.
The forthcoming full renovation of the building, its ten apartments and 3 retail units, will retain the period features and good dimensions for each room with good floor-to-ceiling heights, providing balanced, harmonious proportions throughout.
At a 5-minute walk from the Rua da Graça/Rua Angelina Vidal crossroad, this beautiful square is set off the Rua Penha da França in a calm neighbourhood, with good small restaurants, cafés, supermarkets and local market. The Monte Agudo belvedere with views across the city, a secondary school and a primary school across the road and the Anjos metro, are all within very easy walking distance. The area is well served with public transport.
The commercial units present an excellent retail opportunity in a residential area gaining considerable quality traction - both in residential and retail terms. The retail units all qualify for the Golden Visa €350.000 programme.
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.
Unlike some of the other cities in Portugal, it is not tourism that drives Lisbon’s economy. Lisbon is a global forerunner in the technology sector as well as a strong leader in mass multimedia, and is also Portugal’s financial district. With all of these healthy industries it is no wonder that Lisbon produces more than 45% of the Gross Domestic Product for all of Portugal. In addition, the per capita GDP is higher in Lisbon than compared to the average per capita GDP for the rest of Europe. These economic factors make Lisbon a very attractive place to live and purchase property.
Want to know more about this property?
Speak to anyone in our team and we will be happy to help. Send your enquiry through now.