Charming building with a classical façade, wrought iron balconies, and views, located next to the Tapada das Necessidades and the Palácio das Necessidades in the parish of Estrela, Lisbon. History has it that this beautiful property served as the residence for the ladies-in-waiting of the last Queen of Portugal, Queen Dona Amélia. Indeed, frescoes can be found beneath successive layers of paint... This building comprises four floors, eight units, and 820 square meters of gross private area. The units on the upper floors offer views of the Tapada das Necessidades, Tagus River, 25 de Abril Bridge, and Monsanto Forest Park. High ceilings, ornate ceilings, and stonework on the façade are some of the standout features of this property. The building is located in an Urban Rehabilitation Area (Zona ARU) and may be eligible for tax exemptions. The staircase is wide and illuminated by a large skylight, with sufficient space for installing an elevator. The building benefits from excellent east-west solar exposure. The roof was replaced in 2011, and the staircase was also renovated at that time. While the apartments require refurbishment, the building itself does not seem to require extensive structural work. This area of the city has easy access to the riverside of the Tagus River and the Docas de Santo Amaro, and is very well served by all kinds of commerce, services, and public transportation. The future Alcântara metro station will be practically at the doorstep. The Alcântara-Terra and Alcântara-Mar train stations, the coastal road to Cascais, access to the 25 de Abril Bridge, A2 South, A5 to Cascais, and other roads are very close by. The building is ideally located near the new private hospital CUF Tejo, Avenida 24 de Julho, Avenida de Ceuta, Avenida Infante Santo, Praça da Armada, Ministry of Foreign Affairs, Palácio das Necessidades, Tapada das Necessidades, LX Factory, the new Lisboan International School, the restaurant area Docas de Santo Amaro, and the Tagus River. This property offers the potential to develop luxury charming apartments or a Boutique Hotel. A fantastic investment opportunity in an area undergoing significant expansion, regeneration, consolidation, and appreciation. Sotheby's International Realty boasts nearly 300 years of history as a renowned company specializing in luxury property transactions. Our mission is to unite extraordinary properties with extraordinary lives.