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2 Bedroom Apartment In Lisbon City, Portugal (ref. 25080099)
Ad Title: 2 Bedroom Apartment In Lisbon City, Portugal (ref. 25080099) |
Date & Time Listed: 2016-09-19 09:43:49 (GMT)
Type of Ad: Want to Sell
Lisbon Properties Baixa-Chiado 2-bedroom rental apartment(s) with 65,00 m2 for 399.000 € (with a 4,00% rental guarantee)
This e-mail contains additional information about the character building in Baixa-Chiado, which is to be renovated and expected to be ready for handover in roughly 6 months. Rua Augusta is the main and most important street in the downtown shopping area of Baixa-Chaido. This is a PRIME A-rate location and one cannot aspire to be any more central than this this is the pedestrian only street with the arch at the end buy Praca do Comercio and the river.
This unique investment opportunity comprising 6 units in total, spread over 3 levels with two x 2-bedroom 2-bathroom rental apartments per level with roughly 65,00 m2 each apartment.
In terms of the renovation, the building shall be re-inforced with steel beams that will then support the new wooden beams. Everything except the facades will be replaced and the facades shall be renovated. The developer will retain as much of the old character as possible during the renovation, in keeping with the character of this prime location.
The apartments have been designed (space saving concepts to be used as per the other development) with short-term rentals in mind. Please refer to the attached indicative floor plan (this may change slightly) and the 3D rendering images of what is to be. The asking price of the apartment(s) starts is to be set at 399.000 € per unit (2-bed 2-bath apartments).
As for the location of these rental units, one could not ask for a better location. They are located in the very heart of downtown Lisbon on Rua Augusta. More central is impossible. As you will recall from our conversation, Baixa-Chiado is Lisbon's new property hotspot and one of the busiest and up-and-coming areas in terms of tourism and urban rehabilitation. Foreign and local investment funds (together with private investors) have been snatching up all of the available un-renovated buildings, for the last year or so. The overwhelming demand for new (renovated) properties in the Baixa-Chiado area, from lifestyle buyers and investors (but not limited to) is playing a big role in what I commonly refer to us the 'gold-rush'. These future units will come on the market at much higher prices, so there is still money to be made on the way in (locked-in equity), throughout (rentals) and on the way out (appreciation) by investing NOW in Lisbon's property hot-spot - Baixa Chiado. Investment funds (backed by local and international banks) are not even looking to resell the renovated units, but rather rent them out and enjoy the yields instead. This will ensure that they (funds) keep the shareholders happy in terms of yields, but will also ensure a healthy capital appreciation over the next 5-10 years (probably reach the same level as Chiado today).
Considering the 65,00 m2, this equates to a price per m2 of 4.307 € per m2, well below the average for the central historical area: and this is not just any location we are talking about. We are discussing Rua Augusta!
The average occupancy rates, today, in Baixa-Chiado are a staggering 85.00% - 90.00% and rental yields in excess of 6.00% which are attractive even to investment funds. As living proof of this, the apartments are sold with a rental guarantee of 4,00%. From a 'numbers' point-of-view, this is an excellent 'no-fuss' investment in a prime location of central historical Lisbon which will always hold its value and generate very healthy rental returns.
Renovated Baixa Apartments LISBON PROPERTIES
* High Rental
This property is a Apartment for sale.
Number of Bedrooms: 2
Number of Bathrooms: 2
Price: 399,000.00 EUR
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