House T3 for sale in Belém, Lisboa RE/MAX Portugal
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- Property typeVilla / House T3
- Sale (
750.000) € 698.000 - Area131 m² | 170 m²
- Construction1929
- CountyLisboa
- TownLisboa
- ParishBelém
- REFPT-123791293-28
3
3
131 m²
170 m²
-1
-
E
Description
AL License and PIP in Belém: A Rare Opportunity in the Heart of Lisbon
Historic 1929 building (170 sq m) under single ownership and divided into 3 independent units, located in the iconic heart of Belém. A rare opportunity combining immediate yield, significant tax incentives via its Urban Rehabilitation Area (ARU) status, and strong short- and long-term appreciation potential.
Property Highlights
• Current Layout: 3 independent units (one per floor). Operating section with an active Local Accommodation (AL) license, plus one unit ready for total renovation.
• Future Potential (PIP submitted): Project underway to modernize into 3 optimized units (2 x 1-bedroom apartments + 1 x studio).
• Strategic Location & Tax Incentives: Located within an Urban Rehabilitation Area (ARU) (access to tax breaks on works and property taxes). Steps from the Jerónimos Monastery, CCB, and the waterfront, on a central street featuring free parking and direct transit links to downtown Lisbon.
3 Investment Strategies
• Short-Term Rental / Long-Term Lease: Capitalize immediately on the active units using the existing AL license while upgrading the third unit with ARU renovation benefits.
• Optimized Redevelopment: Execute the PIP project (2 x 1-bed + 1 x studio) to maximize independent units, boosting rental yields or preparing units for individual resale.
• Primary Residence with Income or Private Townhouse: Live in one apartment while renting out the remaining units, or convert the entire building into an exclusive single-family townhouse in a prime historic district.
Historic 1929 building (170 sq m) under single ownership and divided into 3 independent units, located in the iconic heart of Belém. A rare opportunity combining immediate yield, significant tax incentives via its Urban Rehabilitation Area (ARU) status, and strong short- and long-term appreciation potential.
Property Highlights
• Current Layout: 3 independent units (one per floor). Operating section with an active Local Accommodation (AL) license, plus one unit ready for total renovation.
• Future Potential (PIP submitted): Project underway to modernize into 3 optimized units (2 x 1-bedroom apartments + 1 x studio).
• Strategic Location & Tax Incentives: Located within an Urban Rehabilitation Area (ARU) (access to tax breaks on works and property taxes). Steps from the Jerónimos Monastery, CCB, and the waterfront, on a central street featuring free parking and direct transit links to downtown Lisbon.
3 Investment Strategies
• Short-Term Rental / Long-Term Lease: Capitalize immediately on the active units using the existing AL license while upgrading the third unit with ARU renovation benefits.
• Optimized Redevelopment: Execute the PIP project (2 x 1-bed + 1 x studio) to maximize independent units, boosting rental yields or preparing units for individual resale.
• Primary Residence with Income or Private Townhouse: Live in one apartment while renting out the remaining units, or convert the entire building into an exclusive single-family townhouse in a prime historic district.
Location
Belém, Lisboa
