€1,500,000
10-bedroom Guesthouse, 285 sqm (gross floor area), with guaranteed yield in Alfama, Lisbon. Local accommodation comprising two fully renovated apartments, each with five suites, a check-in area, a communal kitchen, a reading area, and a 50 sqm patio. Business opportunity with a 5.2% yield (€6,500/month), 7-year contract.
Alfama is the oldest neighbourhood in the city of Lisbon, with many corners, alleys and narrow streets, at night it is possible to hear the melancholic fado in some of the restaurants in the area.
The Guesthouse is 2-minute walking distance from the iconic Tram 28 line. 10 minutes from the Portas do Sol Viewpoint, Santa Apolónia train station, Avenida Infante D. Henrique, and St. Louis Hospital. 20-minute drive from Lisbon Airport. The apartment is also 15 minutes from the Autónoma de Lisboa University, Lycée Français Charles Lepierre, and several public schools.
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