BUILDING FOR SALE – Investment opportunity with active AL

Located in one of Lisbon’s most dynamic and sought-after areas, on Calçada do Castelo Picão, this building presents a unique opportunity for investors seeking immediate income and strong capital appreciation potential.

The property comprises three floors (ground floor, 1st and 2nd floors) and includes five apartments in total:
– 4 apartments with an active and transferable Alojamento Local (AL) licence, fully refurbished with extensive works and ready to operate;
– 1 apartment with a lifetime lease associated with an elderly lady.

The four apartments operating under the Alojamento Local scheme have shown solid performance, generating approximately €93,500 per year (gross) in 2025, translating into an attractive yield of around 7% in a market with strong international demand.

The location is a key highlight: set in the heart of Santos, just steps from some of the area’s most iconic restaurants, such as Da Noi, Skizzo, Osteria, Dear Breakfast and doBeco. This is a neighbourhood undergoing strong appreciation, increasingly sought after by foreign investors and visitors, combining Lisbon authenticity with a vibrant gastronomic and cultural offering.

This is an ideal asset for those seeking a stable investment, with immediate income and strong capital appreciation potential in one of the city’s trendiest areas.

For further information or to schedule a viewing, please get in touch.