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2 Bedroom Penthouse In Lisbon City, Portugal (ref. 25080350)

Posted in Categories: Real Estate, Apartments for Sale - Number of Bedrooms: 2, Number of Bathrooms: 0
Posted From: Portugal, Lisboa, Lisbon City

Ad Title: 2 Bedroom Penthouse In Lisbon City, Portugal (ref. 25080350)
Date & Time Listed: 2016-09-19 09:43:55 (GMT)
Type of Ad: Want to Sell
Ad Details:
Baixa-Chaido 2 bedroom penthouse apartments Lisbon with 67,69 m2 for 600.000 € turn-key project - excellent for short-term rentals
I am referring to two luxury 1-bedroom 1-bathroom rental apartments, located on the 1st level of a character 18th century building that are currently under renovation (the entire building).
Character and taste are present in each of the 19 apartments, distributed over 8 floors. The development in located in the heart of the historical city centre, at the foot of the Castle and by the Se Cathedral and Tagus River.
As you witnessed, the development will retain all of the character, including the tall ceilings, natural stone arches and unique crossbeam structure. Everything in the building has been replaced and re-inforced. The high-quality finishings will complement the excellence of the architecture, which will incude an elevator.
Attached are a few 3D images of what the 2 apartments will look like and you can see the floor plans on pages 3 and 4 of the attached PDF. One of the apartments is 51,72 m2 and the other is 67,69 m2 in size.
The listed price 600.000 €, penthouse apartments Lisbon
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 next to Rua Augusta and Rossio Square. 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 on resale) 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). 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.
If we do the same 'numbers' as per the previous property, and using conservative figures, i.e. 80.00 € per night and an occupancy rate of 85,00%, the apartments would each generate a healthy income of 24.820 € per annum which would equate to a gross rental yield of 9,03%, at the purchase price of 275.000 €.
If we discount 35,00% costs for management and rental costs, I am sure you will agree that 5,87% net rental yield per annum is an excellent investment!
Property Features
* Downtown
* High Rental
This property is a Penthouse for sale.

Other Details:
Number of Bedrooms: 2
Number of Bathrooms: 0

Price: 600,000.00 EUR


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* Lisbon City - Real Estate Classified Ads
* Lisboa, Portugal - Real Estate Classified Ads
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