Ando Living - Pedras Negras - ENG - Coldwell Banker Luxus

LISBOA - Baixa HISTÓRICA

Pedras Negras House

An urban asset located in the historic center of Lisbon, designed for professional operation in the short-term rental segment.

The project combines architectural heritage, specialized management, and a structured model for generating guaranteed income.

THE OPPORTUNITY

A historic building in the heart of Lisbon

Located on Rua das Pedras Negras, in the heart of Lisbon’s historic downtown, this project results from the careful refurbishment of a Pombaline building, preserving original architectural elements while integrating contemporary finishes.

The development comprises 20 serviced apartments, distributed across four floors, with typologies ranging from studios (T0) to three-bedroom units (T3) and areas between approximately 56 sqm and 204 sqm.

Each unit features unique characteristics, including high ceilings, large windows and abundant natural light, creating spacious and sophisticated interiors that blend tradition with modernity.

With an active tourist license and centralized professional operation, this is an asset designed from the outset to generate guaranteed income within a consolidated urban environment.

70%

SOLD or RESERVED

Structured income model

Active tourist license
Pool model with proportional revenue distribution
Centralized professional operation
Integrated management of bookings, maintenance and guest experience
Fully equipped turnkey structure

Owners may choose a fixed contractual return during the initial years or a variable return model indexed to operational performance.

The pool model mitigates individual occupancy risk and enhances revenue stability.

Market validation

From the original 20 units:

14 have been sold or reserved
Remaining units: 1 studio (T0), 2 one-bedroom (T1), 1 one-bedroom duplex (T1+1), 1 two-bedroom (T2) and 1 three-bedroom (T3)
Investment ticket starting from €570,000

The progressive absorption of the project throughout the commercialization phases demonstrates the strength of the concept and the consistent demand for structured urban assets in Lisbon’s historic center.

Suitable for investors seeking:

Portfolio diversification in urban real estate

Professional short-term rental operation structure

4% fixed return or 5/6% variable return

Possibility of limited personal use while maintaining income participation

Asset with future liquidity supported by a consolidated location

Owner usage

Owners may use their unit during predefined contractual periods, while remaining integrated within the tourist operation structure.

This usage is aligned with the pool model, preserving the balance between income generation and personal enjoyment.

There is also the possibility to exit the pool model under conditions defined contractually.

Why Pedras Negras House?

Located in the historic center of Lisbon, Pedras Negras House benefits from one of the city’s most emblematic areas, positioned in the Baixa district between the Lisbon Cathedral (Sé), Chiado and Terreiro do Paço.

The surrounding environment combines architectural heritage, traditional commerce and a strong tourist dynamic, concentrating some of the main international visitor flows in the capital.

The project results from the refurbishment of a Pombaline building, preserving its original architectural character while integrating contemporary residential units designed for professional operation in the urban hospitality segment.

At the same time, the scale of the development and the configuration of the units allow for efficient operation in a consolidated urban environment, balancing exclusivity, central location and tourism potential.

This urban context supports consistent demand throughout the year, sustaining the occupancy potential for professionally operated hospitality assets.

Why trust Coldwell Banker Luxus?

With over 35 years of presence in Portugal, Coldwell Banker Luxus has built a reputation based on trust, rigor and personalization.

Operating in Lisbon and Cascais, we support national and international clients with a structured, strategic and results-driven approach.