Great Investment Opportunity – Building converted into Hostel or Student Accommodation.
Building converted into Hostel or Student Accommodation, located at “Avenidas Novas”, one of the most noble, luxurious and stylish area of Lisbon.
As Lisbon grew in the mid-20th century, it expanded north, away from the waterfront. Residential and business districts were born around long, broad avenues, today collectively known as Avenidas Novas ("New Avenues").
Many of the luxurious palaces of yesterday, however, have been replaced with modern buildings as, today, Avenidas Novas defines Lisbon's business center. Access is easy via several major roadways and public transportation.
The existing iconic building was fully renovated and converted into a residential building that can be used as a Hostel, Student Accommodation or other type of residential usage.
This new converted building is located in the heart of Avenidas Novas and has a great investment potential as a Hostel or a Student Residential Accommodation due the great location.
Located in a tourist zone, this can be an excellent option for those who want invest on the rental market and use the Building as a Hostel.
The Building is also located near several Lisbon University Campus which can also be an excellent option for those who want use the Building as a Student Accommodation.
The building is composed of 4 floors and has a total area of 348 sq.m.
The Ground floor is composed of a communal terrace / lounge area, communal living room, dining room, public bathroom, kitchen, office room and 1 “en-suite” bedroom.
The remaining 3 floors have a similar layout and each of them is composed of 2 “en-suite” bedrooms, 4 bedrooms and 2 bathrooms.
The privileged location offers a complete network of services and also offers an easy access to bus, tram and underground and is located within a walking distance of the most Lisbon hotspots and Lisbon University Campus.
- Residential building that can be used as a Hostel, Student Accommodation, etc..
- 12 bedrooms
- 7 “en-suite” bedrooms
- 7 Bathrooms
- Fully equipped kitchen
- Communal terrace / lounge area
- Communal living and dining room
- Office room
- Security system – alarm for detection of intrusion, gas leaks, flooding and fire with remote communication.
- Thermal and acoustic insulation
- Double glazing with thermal and acoustic insulation
- Video Surveillance System
- Intercom system with security gate
- Total Area: 348 sq.m
For more information please contact us!!!