Bica Terrace is an absolutely incredible option for those that want to be in the center of Old Lisbon for tourist meetups (Praca da Figuera was a common one for bus tours, etc), nightlife (Pink Street is ~5 min away), dining (Estrela da Bica is 100 feet away and Timeout Food Hall is a 4 min walk), and all that downtown Lisbon has to offer (15 min walk to Botanical Garden, 10 min walk to Praca do Comercio, and a beautiful 30 min scooter ride to West Lisbon for all the ports and sites).
João was an extremely accessible host for any ?s or suggestions and took the time during check-in to get us settled and go over the general city layout and options.
The balcony? Get some bottles on wine on your first day and enjoy a sunset or 4 out there. Absolutely stunning.