Immerse yourself in the vibrant heart of Lisbon's Baixa neighborhood, where you can wander through its charming streets, experience its rich history, and relish the city's culinary treasures
This is more than just a place to stay, it's a lifestyle experience we call Ando.

Augusta Townhouse

Located on Lisbon's main and busiest commercial street, right above Salsa retail store and across the street from Zara, this asset offers a one-of-a-kind opportunity to expand the Ando brand in the center of Lisbon. The building was fully refurbished in 2016 and all 6 touristic apartments (studios, T1s and T2s) will be styled to Ando Living brand's standards.
The apartments are welcoming guests since Summer 2021. Young travelers and ProMads will appreciate proximity to all major retail brands and to be at the very heart of the action.

6 units

4% Guaranteed Yield for 5 years

T1 - T2

Starting €500,000

Download the brochure

Ando Living House rua Augusta Lisbon Portugal building

Lisbon

THE EMERGING CAPITAL

One of the most sought-after European capitals of the moment — and one of the world’s safest cities — Lisbon brings past and present together like no other.

Lisbon is a city full of beautiful contrasts. Delightful old quarters are found right next to avant-garde architecture. The great contrast
of vibrant cultural scenes and streets of old boroughs construct the unique cityscape of Lisbon. Contrasts could also be found in delicacies, where traditional Portuguese cuisine and exciting new dishes are served on the same table.

If you ever find yourself needing a break from such paradise on earth, Lisbon’s International airport is just a short flight away from most European capitals.

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Own your piece of Lisbon

FAQ

The Aflama apartments are eligible for Golden Visa?

Ando Living Alfama Club is a touristic licensed project which enables buyers to apply for the Golden Visa Program with a 350,000€ minimum investment.

What is the delivery forecast?

All the licencing is in place the construction will start in November 2023 to deliver the project in the 2nd quarter of 2026.

What is the difference between a residential apartment and a touristic apartment?

The main difference is there is an operating entity that has a touristic license to manage and rent out the units, generating income for the owners. Also, the building will have a concierge, lobby, and amenities (like a pool, restaurant, cleaning services, technical handyman…etc).

What is the expected return?

(expressed as a net-of-costs, pre-tax percentage of the apartment purchase price)
4% Fixed Yield
- Guaranteed for 5 years
- After 5 years, the model automatically switches to the variable model
- Maximum stay is a yearly travel voucher (see below under short stay)
5-6% Variable Yield
- Estimated and not guaranteed
- Expected once the building reaches maturity with optimal occupancy rates and ADRs (Year 2 or 3)
- 50/50 split of revenue between the owner and the operator with approximatively 15-85 split of cost in favor of the owner

As an owner can I stay in my apartment ?

As an owner of and Ando Living apartment you get to stay in any Ando Living's apartment in the world. Please write us at sales@andoliving.com to know more about the options.

In case of repairs or renovations for the building, how will it work?

The building will be delivered totally new with a 2-year guarantee on the equipment, 5 years guarantee on the finishings and a 10-year guarantee on the structure of the building. In the mid to long term, if there is a structural need like facade painting or roof repairs, this will be raised at the condominium meeting.

What are the amenities at Alfama Club?

An infinity pool, sun deck, and bar; extended living areas with a "coolworking" zone and private event area including a kitchen; a wellness center with a gym; the Concept Hub featuring a local designer store, take-away corner, restaurant & bar including an outside patio.

As an owner, will have private space to store things?

No officially, but we will try to accommodate a space which could be locked for owners.

Who will have access to the Private areas?

The rooftop and swimming pool will only be accessible to guests and the owners.

What is included in the decoration pack?

Basic furniture, Kitchen appliances, cutlery, dinnerware, other kitchen utensils, Bedsheets and towels.

How do I make a reservation?

You send an email to sales@optylonkrea.com with your Passport and the unit that you want to reserve. After that, we will circulate a reservation form that is going to be signed by both parties and with that the transfer proof of the reservation fee (10.000€) to the given IBAN.

Regarding the payment schedule:
50% in the sales agreement, 30% upon achieving 12 months of the construction works, and 20% at the Deed. The furniture package payment will be due, 50% will be asked 12 years before the delivery and the remaining 50% at the deed.