"Dear Customers and Friends! I am only addressing you today because I still find it difficult to believe that Bota Alta has closed", reads a post signed by Paulo Cassiano and published on the restaurant's official Facebook page.
According to the owner of Bota Alta, the landlord decided to increase the monthly rent from €1,300 to €11,000.
"These were years of hard work, but above all of many joys gained through the bonds of friendship I created with clients who I now call friends! We managed to overcome several crises, namely Covid, a time in which we continued to pay the rent and all the employees. The latest crisis is... the increase in our monthly rent from €1,300 to €11,000! It's really €11,000", he lamented.
Noting that the establishment was a "Store with History", Paulo Cassiano says it is "regrettable that there is no legislation to regulate the value of rents".
"It is very sad that Lisbon City Council does not intervene", he further condemned.
"I'm sorry, I'm very sorry to close, just as I'm sorry for Bairro Alto and this Lisbon that is closing", he concluded, thanking everyone who passed by the space.
According to NM, Bota Alta was an unmistakable space in Bairro Alto. It hosted numerous well-known faces from national and international culture, such as actor John Hurt, and was always described as one of António Variações' favourites.
I am more amazed about the low rent he was paying. However he will not be the last one to close the doors caused by the greediness of the landlords. Soon only international retail chains will be able to rent and the uniqueness of the Lisbon shops and restaurants will all be part of the past.
By Lior from Lisbon on 30 Dec 2023, 19:16
How long until this illustriously serious publication will delight us with a top page article entitled "New McDonald's opens in Bairro Alto". As per their usual 'news' standards. However, the previous rent was shockingly low, but the rise is completely obscene, greedy, and a typical quick Portuguese money grab.
By Hart from Lisbon on 31 Dec 2023, 10:18
This has nothing to do with greediness, but with business in a major European tourist destination. The restaurant owner should have known that he cannot continue for long time paying such a low rent. I am sure that the centre of Lisbon from Marques de Pombal to the Tejo will over time turn into something like Disneyland.
By Tom from Lisbon on 01 Jan 2024, 15:35
Why is it that landlords can raise the rent by 8.5x in 1 year? There are guideline that prevent that type of massive rental increases for apartments. Is there no regulation for commercial rent increases? Even if the rent was truly too low at €1300, certainly an 8.5X increase isn't fair.
By Jeff from Lisbon on 01 Jan 2024, 16:22
There is a solution where everyone benefits and everyone wins. What Portugal really needs is a bunch of Americans and other wealthy foreigners moving in and driving up rents and home prices! Oh… wait. Never mind.
By Joe Bob from USA on 01 Jan 2024, 16:34
I am amazed that there isn't protection from the government for small businesses when it comes to annual rent increases. If there isn't such a law, there should be.
By Debra Custer from Lisbon on 01 Jan 2024, 19:00