$318,792

A small address in Lisbon can open up an entire city. Set on Rua Bernardim Ribeiro in Estefânia, this studio offers a compact and considered investment in one of central Lisbon's established residential neighbourhoods. Saldanha and Picoas are within easy reach, while Avenida da Liberdade and the historic centre are close enough to make the city part of everyday life. The property forms part of an intimate aparthotel development of only 18 units, comprising 10 studios and eight one-bedroom apartments across four floors. The redevelopment brings contemporary interiors into a building that retains the character and proportions of an older Lisbon address. Designed as a fully managed hospitality investment, Estefânia offers purchasers a guaranteed fixed rental return of 4% per year for the first five years, calculated on the purchase price. This arrangement provides predictable rental income during the initial operating period, without the responsibilities normally associated with managing a rental property. The development will operate as an aparthotel under a tourist development framework, rather than through individual Alojamento Local licences. A professional management structure will oversee operations, allowing owners to receive rental income without becoming involved in the daily management of the property. The apartment is described by the developer as fully equipped, while the development provides reception, a breakfast lounge, communal laundry facilities and a digital key access system. Monthly operating costs are estimated at approximately €200, covering condominium charges, insurance and management fees. The project has received approval and is currently at the construction tender stage. Construction is expected to commence in the first quarter of 2027, with completion anticipated in the third quarter of 2028. Purchasers benefit from a structured payment schedule, with an optional €10,000 reservation, followed by 25% upon signing the promissory purchase agreement (CPCV), 10% six months later, 10% upon completion of construction and the remaining 55% at the final deed. Estefânia offers a particularly practical Lisbon location. Rather than being surrounded solely by tourism, this is an established part of the city where residential streets, cafés, shops and everyday services sit alongside excellent access to central Lisbon. For investors seeking a centrally located Lisbon property with professional management and a defined initial rental return, Estefânia combines the appeal of a small-scale aparthotel with the financial clarity of a five-year rental guarantee. Only two studio units remain available within the development. #ref:0588