Riverside Apartment| Prime Location | Rooftop Terrace| Market District

Amazing opportunity in this 159 sqm T2+1 apartment, located in the brand new Ribeira 11 building. It has one bedroom and two mezzanine floors and therefore easily turns into a T3 apartment. This large apartment has exceptional finishes and a bright feeling thanks to its large windows. The building also includes a large communal terrace overlooking the city.

The building is a former warehouse that has been completely refurbished and transformed into a collection of 37 bright and spacious apartments. There is also a huge communal roof-top terrace with an amazing view of the city as well as the Tagus river. On this roof-top, there is also an outdoor exercise area where residents can enjoy the view while exercising. The building is part of an area covered by the Plano de Pormenor do Aterro da Boavista Nascente, an intervention plan to develop this riverside area. Public gardens in the building surroundings will be created, through the demolition of existing buildings in the Boqueirão dos Ferreiros street, as well as the transformation of constructions in the Ribeira 11 rear façade into a vertical garden.

Investment opportunity
This apartment is an excellent investment opportunity. Since the apartment is located in a downtown area where short-rental licenses are still being issued, this is a rare find. The apartment is also eligible for the Golden Visa program, which offers residency to those who invest €500.000 or more in real estate. After five years, it is possible to apply for a Portuguese citizenship.

LOCATION:
In Cais do Sodré we can find schools and art studios working next to bustling restaurants; old tile façades and charming old buildings surrounded by modern construction. The recently refurbished Time Out Market is seen as a landmark for this area of the city. The apartment is located by the Tagus River in the Cais do Sodre/Santos area just around the corner from the famous “Time out Market”. This area is considered one of Lisbon’s trendiest areas during the day and the most vibrant during the night. It is fashionable with an edgy atmosphere and one of the most unique neighborhoods of central Lisbon. Here are popular restaurants and cafes, but also home to schools and art studios and other social amenities. You will be close to Metro stations and it is also from here you take the coastal train towards Carcavelos and Cascais.

ABOUT LISBON:

CNN considers “Lisbon the coolest Capital in Europe”.

For the New York Times “in Lisbon the faded old Europe charm remains, but with a stream of exciting openings and fresh inspiration drawn from across the Atlantic, Portugal’s Capital seems primed for a new golden era”.

The Financial Times describes the reasons “why all the world is going to Lisbon”

In the past years, Lisbon has been making the headlines of some of the most reputable media in the world and attracting international celebrities that settle in the Portuguese capital, like Hollywood actors Scarlett Johansson, Michael Fassbender, Alicia Vikander, or the world’s most famous designer Phillipe Starck.

Lisbon is a historical city full of stories to tell, where the sun shines 300 days a year and with warm summers and mild winters. Portugal is the 3rd safest country in the world and in Lisbon, you feel secure wandering around day or night. Lisbon is full of authenticity where old customs and ancient history intermix with cultural entertainment and hi-tech innovation.

The city is something of a rarity among European capitals – a laid-back city that exudes a decidedly old-fashioned charm, with clattering trams, café-lined boulevards, renowned cuisine, and grandiose monuments to its famous sailors that crossed the oceans at the time of the discoveries.

Lisbon is ageless, friendly, and famous for its hospitality and the family-like way it welcomes visitors.

Tax benefits granted by programs like the Non-Habitual Residents, or residence schemes, like the Golden Visa (that allows to obtaining Portuguese citizenship in 5 years and freedom of movement throughout the entire Schengen Zone through investment in real estate) also sparked the interest in the Portuguese capital causing an exponential increase in the demand by international investors.

This singular combination of factors and the growing international demand from buyers looking to relocate to the city and investors seeking compelling yields make Lisbon one of the most desirable cities in the world.