This four-bedroom Alfama apartment for sale offers considerable potentail to a buyer with an eye for a project.
The spacious second-floor property enjoys views of the Tagus. It could also allow an overseas investor to apply for a Golden Visa. However, to qualify, the purchase needs to be complete before changes to the programme are introduced at the start of 2022.
The extent of internal renovation depends on the buyer’s taste and requirements. However, the external facade must be preserved to satify local planning regulations.
Residents enjoy access to a free, yearly parking pass. Nearby amenities also include the shops, cafes and restaurants at Miradouro Portas do Sol – a vibrant and sought-afrer district popular with locals and visitors alike.
Alfama is well-known for its former palaces and remains an affluent and diverse area of Lisbon which is home to museums, historical monuments and the Cathedral of Lisbon.
Other nearby cultural attractions include a Roman theatre, Jose Saramago and Resturadores Square, the Castle of St Jorge and an impressive viewpoint overlooking downtown Pombalina.
The district also benefits from good public transport links, including public bus and tram services.
Golden Visas in Portugal
As well as being a great opportunity for investment, this four-bedroom Alfama apartment for sale offers a potential buyer the option to apply for a Golden Visa in Portugal.
Currently, acquisitions of property worth €500,000 or more allow the buyer to apply for Schengen Visa rights. However, investors who acquire property for renovation may also qualify. More details on applications for Golden Visas in Portugal are available here.
Members of the KHI team speak English, Portuguese or Turkish. We have offices in Lisbon, Edinburgh, Bodrum, Istanbul and Fethiye in south-west Turkey.
If you would like to arrange a viewing you can contact us here. We have completed many transactions in four different countries successfully. Feedback from our clients can also be seen on our Facebook page here.
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