Ad Title: 2 Bedroom Apartment In Lisbon City, Portugal (ref. 25217222) |
Date & Time Listed: 2016-09-19 09:46:45 (GMT)
Type of Ad: Want to Sell
Character 2-bedroom apartment for renovation, located on the 1st level of an historical building in the Lapa district. The apartment is roughly 70,00 m2 in size with three large windows, facing the charming cobblestone street, which affords the apartment a tremendous amount of natural light.
One of striking features of this apartment, are the tall ceilings, which add much appreciated volume and renovation options to the property. The guest bedroom has a separate entrance, much like most historical buildings in central Lisbon, allowing for more flexibility in terms of the future renovation concept. The living room has a delightful balcony and a separate dining area, which could potentially be joined to create a large sunny living room. Please refer to the photographs of the apartment for a better understanding of this suggestion. The spacious master bedroom faces away from the street and has it's own balcony ('marquise').
The location is perfect and the apartment offers excellent transport links, including bus, tram and even metro, to all parts of Lisbon. If the motivation for purchasing a property is investment, then this apartment will most certainly rank high on the 'cash-cow' chart.
After the renovation, this property should generate short-term rental yields of roughly 12,00% NET per annum, which means that you will pay off your entire investment in just 10 years! If you would like to obtain the comprehensive investment dossier for this property, please complete the relevant form below. The layout of the apartment is very practical (rectangular shape) and easy to work with. This apartment will be a lot of fun to renovate!
Lapa attracts both short (tourist) and long-term tenants. Many of the renowned Portuguese chefs have established themselves in this area and the area is fast becoming a gourmet and designer district. It is also home to many ministerial buildings, hospitals and universities, making it a sought-after long-term rental destination. Local and international tenants will actually pay a premium to rent in Lapa, which is considered the more sophisticated historical suburb because it is where the 'old money' is and where the bulk of the Embassies are located. Lapa is comparable to Kensington in London terms.
All-in-all an excellent investment opportunity not to be missed!
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* For Renovation
This property is a Apartment for sale.
Number of Bedrooms: 2
Number of Bathrooms: 1
Price: 160,000.00 EUR
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