Rare Lisbon Investment: Apartment with Lifetime Tenant and River View

PLEASE READ BEFORE CONTACTING - APARTMENT SOLD OCCUPIED WITH LIFETIME TENANT / VITALÍCIO

Rare investment opportunity in São Vicente, Lisbon, directly by Feira da Ladra and close to the National Pantheon, with river views from the balcony and strong long-term upside.

The apartment is sold occupied, under a protected lifetime tenancy arrangement.
The current rent is €75/month.
The tenant is turning 90 this year.

This is not a vacant possession sale and is not suitable for buyers needing immediate use or immediate rental income. It is a strategic long-term acquisition for an investor who understands the discount created by the tenancy structure.

The Property
Classic Lisbon apartment with:
- 56 m² gross area / 46 m² net area
- Balcony with river view
- Large windows at the front and rear
- Excellent natural light
- Traditional 30s building character
- Full renovation potential after vacancy

The property is currently in poor interior condition and will require renovation. It is sold as-is.

Location
The apartment is positioned in the historic heart of São Vicente, directly by Feira da Ladra and Santa Apolónia, one of Lisbon’s most recognisable historic areas.

A major value driver is the immediate proximity & vis-à-vis to Palácio Santa Clara, The Standard Residences, a branded residential & hospitality development in the São Vicente / Alfama area with 32 residences. This type of high-end neighbouring development is likely to continue improving the perception and pricing of the surrounding micro-location.

Buyer Profile
Ideal for:
- long-term investor
- buyer looking for discounted entry into São Vicente
- investor comfortable with protected-tenancy structures
- buyer focused on future vacant value and renovation upside

Not suitable for:
- immediate move-in
- short-term rental use (as of today)
- buyers needing vacant possession now
- buyers seeking normal current rental yield

Serious enquiries only. Full tenancy details available upon request.

IMPORTANT NOTE: The renovated images show a neighbouring apartment with a comparable configuration. They are indicative only and included solely to illustrate renovation potential. They do not represent the current condition of the apartment for sale.