$1,200,583

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 3F sits on the second floor and offers 119.6 sqm of internal space with a ceiling height of 3.20 m. The apartment faces both Rua dos Fanqueiros and the internal courtyard. The balcony is 3.25 sqm. Priced at €1,035,000 plus mandatory furniture package of €37,000 + VAT. The floor plan shows two bedrooms, both with fitted wardrobes, a master en-suite bathroom, a second full bathroom, and a well-proportioned open living and dining area connecting to the kitchenette and balcony. The layout reads from the plan as a clean, efficient two-bedroom configuration with no wasted circulation space. Finishes include wood flooring throughout, restored cornice mouldings, marble bathroom surfaces, and Bosch or Siemens kitchen appliances. Interior design is by Camille Wanecq, Head of Interior Design at Ando Living, in a palette of whisky, burgundy, and sage, with original artwork commissioned from Portuguese artists for each unit. A mandatory furniture package of €37,000 plus VAT (23%) applies to this unit. The package is complete and fully operational on delivery, covering all furniture, fixtures, and fittings needed to place the apartment into rental immediately. This cost is in addition to the acquisition price and should be factored into total budget planning alongside acquisition taxes. Ownership is freehold. The touristic license is held at building level by Ando Living and transfers with the unit, allowing the owner to generate rental income from day one through Ando Living's management platform. 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 free of charge, or an estimated variable yield of 5% or more based on actual occupancy. Owners may use the apartment for up to 29 days per year at no additional fee. Access to the Ando Living clubhouses in Alfama and on Avenida da Liberdade is included, covering pool, gym, terrace, restaurant, and bar facilities. The acquisition price is €1,035,000. Acquisition taxes are the buyer's cost and include IMT at 6.5% to 7.5% depending on purchase price, and stamp duty at 0.8%. The payment structure is a €10,000 reservation fee, 50% at PSPA signing, and the 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:0472