BUiLDiNGS FOR SALE iN LiSBON PORTUGAL

Lisbon buildings for renovation

Alfama Building with 4 units with 318,44 m2 + 26,00 m2 for renovation for 1.175.000 €

i am referring to the character building, with incredible river views, in the heart of Alfama - Lisbon's oldest historical neighbourhood - with a total of 4 units with 318,44 m2, plus terraces and balconies, comprising the following units:

. ground level 2+1 bedroom apartment with 79,61 m2

. 1st level 2+1 bedroom apartment with 79,61 m2 + terrace with 12,50 m2

. 2nd level 2+1 bedroom apartment with 79,61 m2 + balcony with 1,00 m2

. 3rd level 2+1 bedroom apartment with 79,61 m2 + terrace with 12,50 m2

BUiLDiNGS FOR SALE iN LiSBON PORTUGAL

The top apartment has a unique terrace facing the jaw-dropping river views and that the 1st level has already been 'renovated' for AirBnB,

This unique building in a one-of-a-kind location is 1.175.000 € or 3.689 € per m2. i would estimate roughly 300.000 € for renovation costs

For you to have an idea of the resale prices today, the development (literally next doorsold for well over 6.500 € per m2 (on average) about a year ago.

if you choose to renovate and hold the property, you stand to make a gross rental yield of17,81% per annum or if you prefer 262.800 € per year at an average of 200 € per night per apartment.

if you consider 30,00% for costs, then you would net a very generous 12,47% net rental yield, meaning that you would have clawed back your entire investment in less than 10 years!


Property iD: 4543
Price: 1,175,000€
Property Type: Building, Golden Visa 500,000
Property status: For Sale
Bedrooms: 8
Size: 344 m2
Label: Available
Street: /
District: Alfama
Town: Lisbon
Postcode: /
Country: Portugal