APARTMENTS

CONTEMPORARY
BLISS

T1 D, FLOOR 2 — LIVING ROOM / KITCHEN
T1 A. FLOOR 1 — LIVING ROOM / KITCHEN
T1 B. FLOOR 3 — LIVING ROOM / KITCHEN
T1 C. FLOOR 4 — LIVING ROOM / KITCHEN
T1 B. FLOOR 4 — LIVING ROOM / KITCHEN
T1 B. FLOOR 4 — BEDROOM
T1 C. FLOOR 2 — BEDROOM
T1 C. FLOOR 3 — WC
ENTRANCE HALL

On the outside, Lisbon downtown’s neoclassic architecture grants the building its elegant and sophisticated look. Inside, Rossio 85 is remarkable in its contemporary style. Bright wooden floors light up the space, amplified by its straight lines, while renovated details — like embossed doors and skirting — provide superior elegance.

BUILDING

WHERE LISBON
HAPPENS

14

Apartments

T1 — T2

Typologies

62 — 113

Private Areas

LOCATION

CENTRAL
LIVING

A short stroll away from Terreiro do Paço (south), Chiado (west), and Alfama (east), Rossio 85 is the most central address in town. Very conveniently, Avenida da Liberdade stems from Rossio’s northern side, offering you prime access to Lisbon’s business center and the most renowned international fashion brands, top restaurants and magnificent theatres.

FAQ'S

Yes

The main difference between conventional residential apartments and touristic apartments are the services that are provided to the owners. In the case of Touristic Apartments there is a possibility of obtaining an income through the hospitality services provided by the Operator.
By design, touristic apartments are defined as apartments for rentability, managed by a sole operator, picked out by the developer.
The operator will manage all the apartment units in the building for short-, mid- or long-term stays, however, the owner is not bound to put his apartment for exploration and may use the apartment as a permanent or occasional residency.

Yes, providing you communicate the intention of using your apartment for an undefined time to the operating company.
Notwithstanding, you will need to maintain your apartment duly furnished and equipped in case you choose to hand over the apartment for exploration.

The owner of a Touristic apartment has the following rights:
· Benefit from the services provided by the operating company.
· Receive the income agreed with the operating company for your accommodation unit (apartment)
· Use your accommodation unit (apartment) during the extension agreed with the operation company

Overall, the owner of a Touristic Apartment needs to pay special attention to the following duties:
· Avoid any act that may put at risk the touristic nature of the apartment. The apartment should be in condition to be rented at all times.
· It is not possible to rent, or assign management to any other operator other than the one that will manage Rossio 85 (Feels Like Home)

Like any residential building, you will have a monthly building management cost. In the case of the Touristic Apartments at Rossio 85, owners will be asked to pay the operation company a periodic installment that will cover the following:
· Cover the maintenance, upkeep, and operating expenses of the tourist apartments;
· Cover the front desk, safety, and cleaning of the common areas of the touristic apartments;
· Cover the services of the official accountant;
· Cover the services of the Operating company;
· Cover additional services that may be hired.

We estimate that the anual cost per apartment should not be more than. €1.500,00

One of the clear specifications of a Touristic Apartment Building is that the whole building is managed by one sole company. It will not be possible for each apartment owner to choose a different company to manage their apartment.

You may, but prior authorization from the Operating company is mandatory.

The use permit issue indicated the touristic nature of the building’s use, so when you sell your apartment, it will still be a Touristic apartment.

The income that may be provided from the apartment is the sum of the terms in the Touristic management contract signed between you and the operating company and is therefore not considered a guaranteed income.

It will depend on the form the unit bought. The percentage will be charged as IRS (Personal Income tax) or as IRC (Company Income Tax).
In certain cases, especially when the apartment is purchased for investment purposes and when the costs associated to the management, it may be more efficient to buy the unit through a company. This option should be carefully analyzed between you and your lawyers / accountants.

Yes, it is possible to apply to a Golden Visa with the acquisition of a Touristic Apartment. The minimum amount is €500.000,00 and the process is very similar to a GV application of a conventional residential apartment unit.

Yes. Your apartment will be handed in fully furnished with furniture and equipment, required by the approved touristic classification (Stars). The furniture and decor pack is included in the global price of the apartment.

The owner will bear the costs of the decor pack.
The PSPA will establish the price for the apartment and the price for the décor pack included in the global and final price. When the PSPA is signed, the first installment for the apartment is due as is the first instalment for the décor pack.

The decor pack is composed by equipment and furniture required by law to attain and maintain the licensed classification (3 Stars).
Included in the decor pack are the following items:
· Basic furniture for all the compartments of the touristic apartment (beds, chairs, couch, dinner table, etc.);
· Kitchen appliances;
· Cutlery, dinnerware, and other kitchen utensils.
· Bedsheets and towels.

You are not obliged to keep the same furniture and decoration. In the case that Rossio 85 is your permanent home, you may of course adapt to your needs and preferences. Notwithstanding, taking into consideration the touristic nature the apartment has permit form there are minimum requirements that must be met in terms of furniture and décor.

You may hand over your unit to be managed by the Operating company and sole through them, may an accommodation services contract may be signed.

The operating / Management company will be selected by the developer of the project.
Nevertheless, in case the Managing company does not perform their obligations, the owners assembly can dismiss the current company and must nominate new one.

The operating company choosen for Rossio 85 is Feels Like Home. They will provide the following services;
· Professional photo shot of the property;
· Online reservation management;
· Revenue Management;
· Digital & Marketing management;
· Check-in & check-out;
· General cleaning of the property;
· Linnen and towel laundry;
· Customer care 24h;
· Collection and delivery of tourist tax;
· Comunication of the ID to the Fronteier National Department ( SEF );
· Maintenance managment.

Depends. The acquisition should be subject to property tax, Stamp Duty and Municipal Tax.
Please see Investment Fyler

The buyers of rehabilitated property may only benefit of the property tax exemption on the first transaction, after completed the rehabilitation of the property and purposed for lease for permanent accommodation or located in an urban rehabilitation area destined for permanent residency.

Stone chooses Feels Like Home as their esteemed partner for the Rossio 85 project.
Feels Like Home started in 2012 and manages a vast portfolio of over 500 accommodation units and 9 Boutique Hotels. They are specialized in the Building Management and Hospitality, constantly designing solutions for both investors and clients. They have an impressive and proven track record in services quality and return on investment. Stone has supported, recommended, and worked with feels Like Home since its creation.
www.feelslikehome.pt

NOW SELLING

Investment opportunity licensed as Serviced Apartments.

14

Apartments

T1 — T2

Typologies

62 — 113

Private Areas
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