$1,301,524

Fanqueiros House is a ten-unit serviced residence on Rua dos Fanqueiros 156 in Baixa, Lisbon, currently under renovation and due for delivery in Q3 2026. The building is a historic property being restored by Ando Living, with each apartment finished to a consistent specification and managed professionally under a touristic license from the date of handover. Unit 1F sits on the first floor and offers 139.5 sqm of internal space, making it the largest of the standard two-bedroom units in the building. Ceiling height reaches 3.23 m throughout. The apartment faces both Rua dos Fanqueiros and the internal courtyard, giving it a dual aspect and good natural light from two directions. The balcony is 4.48 sqm. The layout comprises two bedrooms, both with fitted wardrobes, a master en-suite bathroom, a second full bathroom, and a large open living and dining area that connects to the kitchenette and balcony. Finishes include wood flooring, restored cornice mouldings, marble bathroom surfaces, and Bosch or Siemens kitchen appliances throughout. Interior design is by Camille Wanecq, Head of Interior Design at Ando Living, working in a palette of whisky, burgundy, and sage, with original artwork commissioned from Portuguese artists. Ownership is freehold. The touristic license is held by Ando Living and transfers with the unit, allowing the owner to rent through Ando Living's management platform from day one. Two revenue models are available: a 4% guaranteed yield calculated on the acquisition price and guaranteed for five years (which includes 14 nights of personal use per year), or an estimated variable yield of 5% or more based on actual occupancy performance. Owners can use the apartment for up to 29 days per year without any additional fee. Access to the Ando Living clubhouses in Alfama and on Avenida da Liberdade is included, with pool, gym, terrace, restaurant, and bar facilities. The acquisition price is €1,125,000. A mandatory furniture package of €37,000 plus VAT applies, delivering the unit fully fitted and operational. Acquisition taxes are the buyer's cost and include IMT at 6.5% to 7.5% and stamp duty at 0.8%. The payment structure is €10,000 reservation fee, 50% at PSPA, and 50% balance at deed, targeted for July 2026. Six of the ten units in the building are already sold or reserved. For buyers seeking more space within the same development, a three-bedroom duplex penthouse of 187.7 sqm (unit 5E) is also available at €1,850,000, and is the only three-bedroom unit in the building. #ref:0470