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Building in LA (Local Accommodation), very close to CHIADO, BAIRRO ALTO and MERCADO DA RIBEIRA (Yield 6.18%)

Strong profitability underpinned by 2 active LA (Local Accommodation) licences transferable to the new owners, in accordance with Decree Law No. 76/2024 of 23/10/24. In 2023, according to the owner, the 2 flats generated a gross income with VAT of €70,000 corresponding to a net income before tax of €43,000 (Yield 6.18%).
Corner building located in the quiet Largo de Jesus, no. 1, about 650 metres from Largo de Camões, Bairro Alto, Adamastor Viewpoint, Ribeira Market, Cais do Sodré and the Estoril train line. There is a car park in Largo de Jesus for a monthly rental.
The building consists of 2 independent flats, fully furnished and equipped. On the first floor you'll find a T1+1 Duplex with air conditioning. On the ground floor, the 2 shops have been converted into a 1-bedroom apartment with a very generous floor area. Both flats have a fully equipped kitchenette with hob, oven, fridge, dishwasher, microwave, toaster, coffee machine and kettle. Being corner flats, the 2 flats have excellent light, which makes them cosy.
The centrality of the building in Lisbon's historic district, the historic beauty of Largo de Jesus, the charm of the pink exterior paintwork and the interior decoration of the flats are certainly part of the ingredients that make this property a success.
Of cultural note in Largo de Jesus is the Church of Nossa Senhora de Jesus, or Parish Church of Nossa Senhora das Mercês, also known as the Convent of Jesus, built in the 18th century on the ruins of the previous church, destroyed by the 1755 earthquake.
In the same square is the former Convent of Our Lady of Jesus, which since 1838 has housed the Academy of Sciences, the Liceu de Passos Manuel, the Hospital de Jesus and the Mendia Palace.
Since 2010, the Church of Our Lady of Jesus has been classified as a Public Interest Site, which includes the former Convent of Our Lady of Jesus and the remains of the convent fence, including the aforementioned Church, the Academy of Sciences, the Geological Museum, the Chapel of the Third Order of Our Lord of Jesus and the Hospital of Jesus.
Don't miss out on this investment opportunity for income, housing or mixed use.

Misericórdia, Lisboa

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