Description
Description
If you are looking for a safe and profitable investment in the center of Lisbon, don't miss this unique opportunity to acquire a building with 4 units in the São Bento area, one of the most historic and valued districts in the city.
The building is situated in a privileged location, close to various landmarks such as the São Bento Palace, ISEG, IADE, the Príncipe Real Botanical Garden, the Hospital, and the Church of Jesus.
The area is well-served by all kinds of commerce, services, and public transportation, making it ideal for those seeking to live or rent in a typical and charming neighborhood. The building consists of 4 units, all previously placed on the rental market, generating a stable and very attractive monthly income.
Update on rental values and vacant units:
Ground Floor Shop: leased for €695 (rent updated in 2024)
1st Floor Studio (T0): currently vacant, maximum rent of €556 based on 2% for new contracts and 6.94% annual adjustment based on inflation
2nd Floor Studio (T0): currently vacant, maximum rent of €723 based on 2% for new contracts and 6.94% annual adjustment based on inflation
3rd Floor Duplex (T1): currently vacant, maximum rent of €918 based on 2% for new contracts and 6.94% annual adjustment based on inflation
Thus, considering the building fully leased with updated values, we highlight a gross yield of 6.5% on the asking price.
The units consist of apartments with different typologies: Shop, Studio (T0), Studio (T0), and Duplex (T1), all tastefully renovated and equipped with quality furnishings, with an average value of €144,000 per unit. Don't miss this opportunity to invest in a property with potential for appreciation and profitability in the heart of Lisbon.
1 / 34
2 / 34
3 / 34
34 / 34
