Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area ()
Number of units 70

Property Description

The building faces both Av. 24 de Julho and R. Dom Luís I, with a total of 4,238.88 sqm of Gross Construction Area above ground, distributed over 7 floors, and 503.57 sqm of GCA below ground.

A hotel project, designed by Aires Mateus, was fully approved by the City Hall in 2020 to develop 70 rooms, however the size of the building and its location provide great potential for residential and office uses as well.

Investment Highlights

  • With a 70-keys hotel project approved, the Property offers a unique hospitality investment opportunity with scalability in an outstanding location in Lisbon city centre
  • Lisbon has been gaining notoriety as an international destination, which has been supported by the consecutive World Travel Awards, the enhanced proposition in the MICE segment and the growing number of international events with high visibility
  • Inserted in Lisbon’s Redevelopment Area (ARU) with potential tax benefits
Last Updated Date: 16 Jul 2021
Karina Simões
Senior Vice President, Hotels
Margarida Gonçalves
Producer, Capital Markets Transactions

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Last Updated Date: 16 Jul 2021

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