Store under construction in the district of Lisbon, Portugal

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Store under construction in the district of Lisbon, Portugal

3,726,000 €
3,107 € /m²
£3,197,000
£2,666 /m²
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  • Total area
    1,199 m²
  • Yield
    6.0%
  • Built in 
    2019
Details
Financial performance
  • Annual income: 223,560 €
Tenants
  • End of lease: 2039

A store with long-term lease agreements in the district of Lisbon.

Description

The area of the property is 1,199 m².

Financial performance

The absolute annual income is 223,560 €.

The current yield is 6,6%.

Tenants

The restaurant is rented by 3 tenants.

The anchor tenant is one of the largest international chains of catering restaurants with more than 15,000 retail locations worldwide. The company's turnover exceeds $ 26 billion, the number of employees is more than 700,000 people.

The lease agreement is valid since 04.2019 for 20 years (break clause — 10 years).

The lease agreements with the other 2 tenants are valid since 04.2019 for 15 years (break clauses — 5 and 10 years).

Location and nearby infrastructure

The property is located in the district of Lisbon. The distance to the city of Lisbon is about 30 km.

Lisbon is the capital, the largest city and the main port of Portugal. The population of the city is about 510,000 people. The city and the municipality of Lisbon are parts of the Greater Lisbon metropolitan area.

Agglomeration has a certain administrative autonomy. The population of the agglomeration is about 3 million people (the 11th by terms of population in Europe).

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If this property wasn’t for you, take a look at other retail space for sale in Lisbon.

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