Alecrim 15 is Born in the Heart of Lisbon

29 March 2018

The 19-flat property has apartments that run from studios to two-bedrooms, with areas between 38 and 100 m2 and prices starting at 285,000 euros. Most are one- and two-bedroom flats, which also benefit from storage areas.

The development also offers two optional advantages to optimise the venture’s profitability: the Decoration Package, where the property would be furnished in the same manner as in its presentation in the 3D project; and Partners in Profitability, which includes recommendations for local and seasonal accommodation agents.

“This project benefits from an extraordinary location, on the well-known Rua do Alecrim, next to the Tagus River and the Cais do Sodré and just a few steps away from the iconic Chiado. Alecrim 15 is an ideal investment, as this is one of the most sought-after areas to stay in Lisbon,” Rafael Ascenso, general manager of Christie’s Front Door, stated.

The Chiado neighbourhood is experiencing growing residential demand, both nationally and internationally. The annual average occupancy rate in the zone for studios and one-bedroom flats is around 75%, while two-bedrooms have around 70%. For short-term rentals, daily rates can vary between 90 euros/night for studios to 200 euros/night for the two-bedroom flats. “Between Chiado and Cais do Sodré, overlooking the iconic Rua Cor de Rosa (Pink Street), these apartments have been refurbished with top grade materials, luxury finishes and the option for using the interior architect Felipa Magalhães’ decoration,” Carlos Vasconcellos, president of Quantico, stressed.

Original Story: Magazine Imobiliário

Translation: Richard Turner