Two commercial units, Lisbon, Portugal

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Two commercial units, Lisbon, Portugal

1,750,000 €
12,068 € /m²
£1,536,000
£10,593 /m²
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  • Total area
    145 m²
  • Yield
    5.5%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 96,000 €
Tenants
  • Fully let
  • End of lease: 2024

Two commercial units located on the shopping street of Lisbon and on an increase demand from triple-A tenants.

Description

Units with an area of 65 m² and 80 m² are leased to a bar and a shop respectively and are located on the ground floor of a residential building that is being entirely refurbished. The units benefit from a remarkable façade and visibility.

Tenants

The first unit is leased to a bar, the lease agreement is valid for 5 years (income is 45,000 €/year).

The second unit is leased to a shoe store, the lease agreement is valid for 5 years (income is 51,000 €/year).

Location and nearby infrastructure

The property is located on a busy shopping street in Lisbon. There are shops of such brands as Pull & Bear, Springfield, Zara, Pepe Jeans and etc. located nearby. The metro station and bus stop are within walking distance.

Lisbon is the capital and largest port of Portugal, the oldest city in Western Europe with the warmest winters among all European metropolises. The population of the city exceeds 500,000 people.

The following industries are developed in Lisbon: textile, footwear, leather, furniture, ceramic, oil refining, petrochemical, cement, automobile, shipping, electrical and electronic, mechanical engineering and paper industry.

  • The Portuguese economy is developing steadily. According to PwC, the country's GDP by the fourth quarter of 2017 increased by 2.4%. Experts predicted that in 2018, GDP growth will be 2.1%, and in 2019 – 1.7%.
  • The unemployment rate is noticeably reduced: in January 2017, one could talk about 10.1%, and in January 2018 — already at 7.9%.

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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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