PropertyLisbonne (Portugal)

Price :

$2,671,400

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface417 m²bathrooms6 land73 m²

REHABILITATED BUILDING in Good Condition;Located in very Central Street of Bairro Alto; Updated Technical Facilities (Water, Sewage and Electricity Installations) and Recovered Common Areas;Upper Floors with Unobstructed Views; The building is in total ownership consisting of 6 fractions, distributed in 1 fraction per floor. AREAS and TYPOLOGIES: ABP: Gross Private Area: 418m2Plot Area / Implantation: 73m2 CONSTITUTION: 5 Floors of Housing + 1 Commerce:1 T24 T31 Shop / Commerce Restaurant Currently this property gives Current Income allowing to serve 2 PurposesInvestment: Flipping or Buy-to-rent *Note: more information on current profitability conditions and other property information available upon request. THE BAIRRO ALTOBairro Alto is one of Lisbon's most iconic and vibrant neighborhoods, known for its rich history, characteristic architecture, and lively nightlife. Situated on a hill in the heart of the city, this neighborhood offers a unique experience for locals and visitors alike. ARCHITECTUREThe architecture of Bairro Alto is a charming mix of the old and the modern:Historic Buildings: Many buildings date back to the 16th and 17th centuries, featuring traditional Portuguese tiles, wrought-iron balconies, and colorful facades.Narrow Streets: The neighborhood is a maze of narrow, cobbled streets that reflect its medieval layout. These streets are often lined with tall and compact buildings, giving the neighborhood an intimate atmosphere.Preserved Heritage: Despite the modernization, much of Bairro Alto preserves its historical character. The buildings frequently house quirky little shops, cafes, and residential spaces on the upper floors. TRADITIONBairro Alto is imbued with tradition:Fado: This neighborhood is one of the best places in Lisbon to experience Fado, the melancholic and emotional musical genre that is an Intangible Cultural Heritage of Humanity by UNESCO. Several fado houses offer live performances, keeping this tradition alive.Local Gastronomy: Traditional Portuguese cuisine can be enjoyed in the many taverns and restaurants. Dishes such as cod and custard tarts are common.Cultural Events: The area hosts various cultural events, including traditional festivals such as the Festas de Santo António in June, with parades, music, and grilled sardines in the streets. TOURISMBairro Alto is a magnet for tourists due to its vibrant atmosphere and diverse offerings:Nightlife: The neighborhood is famous for its lively nightlife. As night falls, the area transforms with bars, clubs, and restaurants full of activity. It's a hot spot for locals and tourists looking to enjoy Lisbon's nightlife.Shopping: During the day, Bairro Alto offers a unique shopping experience with its various boutiques, antique stores, and shops selling local handicrafts and vintage items.Sights: The area is close to several major attractions. The Elevador da Glória, a funicular, connects Bairro Alto to the downtown area of Restauradores, providing easy access and stunning views of the city. Nearby, the Miradouro de São Pedro de Alcântara offers panoramic views of Lisbon.Urban Art: Bairro Alto is also known for its urban art. Vibrant murals and graffiti add an artistic and modern flair to the neighborhood, attracting art lovers and photographers alike. LOCAL LIFEDespite its popularity among tourists, Bairro Alto maintains a strong sense of local community:Residents: The neighborhood is inhabited by a mix of longtime residents who have lived there for decades and younger generations, including artists, musicians, and expats.Daily Rhythm: During the day, it is relatively quiet and relaxed, with locals going about their daily routines, shopping at the local markets and enjoying a coffee at the traditional cafes. At night, the streets come alive with people socializing and enjoying the vibrant nightlife. In short, Bairro Alto is a neighbourhood that encapsulates the essence of Lisbon: historic, vibrant and culturally rich. With its distinctive architecture, deep traditions, lively nightlife, and strong sense of community, it's a must-see for anyone looking to experience the true soul of the city.ref: 116142