Description
RENOVATED BUILDING in Good Condition;
Located on a very Central Street in Bairro Alto;
Updated Technical Installations (Water, Sewage, and Electricity) and Recovered Common Areas;
Upper Floors with Unobstructed Views;
The Building is in Full Ownership consisting of 6 units, Distributed as 1 unit per floor.
AREAS and TYPOLOGIES:
GFA: Gross Private Area: 418m2
Plot / Footprint Area: 73m2
COMPOSITION: 5 Residential Floors + 1 Commercial:
1 – T2
4 – T3
1 – Shop / Commercial – Restaurant
Currently, this property provides Current Income allowing for 2 Investment Purposes: “Flipping” or “Buy-to-rent.”
*Note: more information on current profitability conditions and other property details available upon request.
BAIRRO ALTO
Bairro 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 both locals and visitors.
ARCHITECTURE
The architecture of Bairro Alto is a charming blend of the old and the modern:
Historic Buildings: Many buildings date from 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 reflecting its medieval layout. These streets are often flanked by tall, compact buildings, giving the area an intimate atmosphere.
Preserved Heritage: Despite modernization, much of Bairro Alto retains its historical character. The buildings often house quirky small shops, cafes, and residential spaces on the upper floors.
TRADITION
Bairro Alto is steeped in tradition:
Fado: This neighborhood is one of the best places in Lisbon to experience Fado, the melancholic and emotive musical genre that is a UNESCO Intangible Cultural Heritage. Several fado houses offer live performances, keeping this tradition alive.
Local Cuisine: Traditional Portuguese cuisine can be enjoyed in the many taverns and restaurants. Dishes like bacalhau and pastéis de nata are common.
Cultural Events: The area hosts various cultural events, including traditional festivals like the Festas de Santo António in June, featuring parades, music, and grilled sardines in the streets.
TOURISM
Bairro 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 buzzing with activity. It’s a hotspot 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 shops, and stores selling local crafts and vintage items.
Tourist Attractions: The area is close to several major attractions. The Elevador da Glória, a funicular, connects Bairro Alto to the lower area of Restauradores, providing easy access and stunning city views. Nearby, the Miradouro de São Pedro de Alcântara offers panoramic views over Lisbon.
Urban Art: Bairro Alto is also known for its urban art. Vibrant murals and graffiti add an artistic and modern touch to the neighborhood, attracting art lovers and photographers.
LOCAL LIFE
Despite its popularity among tourists, Bairro Alto maintains a strong sense of local community:
Residents: The neighborhood is home to a mix of long-time residents who have lived there for decades and younger generations, including artists, musicians, and expatriates.
Daily Rhythm: During the day, it is relatively quiet and relaxed, with locals going about their daily routines, shopping at local markets, and enjoying coffee at traditional cafes. At night, the streets come alive with people socializing and enjoying the vibrant nightlife.
In summary, Bairro Alto is a neighborhood 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 is a must-visit for those wanting to experience the true soul of the city.
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