Apartment building 510 m² in Lisbon

Apartment building in Lisbon.

Description

Five-story building with a total area of 510 m²:

• floor −1: independent studio apartment, technical room, garden 60 m²
• ground floor: 1 apartment, entrance hall, large living room/dining room with views and American kitchen, toilet, laundry
• 1st floor: 3 apartments, office, storage room
• 2nd floor: 4 apartments
• 3rd floor: 2 apartments, terrace with panoramic view, technical room

The building includes 10 apartments and 1 studio.

The building was completely rebuilt in 2016: it is in excellent condition.

Interior

Furniture and decoration not included.

Licensed for Local Accommodation (Hosting Licence).

The building can be managed as an aparthotel.

The expected gross yield — 7%.

The property is located in close proximity to the historic center of Lisbon, in the San Vicente de Fora district.

Lisbon is the capital, the largest city and the main port of Portugal. The population of the city exceeds 500,000 people. About 3 million people live in the metropolis of Lisbon (about 27% of the population of Portugal).

Lisbon is one of the oldest cities in the world and the oldest city in Western Europe and one of the largest economic centers on the continent, with a growing financial sector. Most of the headquarters of transnational corporations in Portugal are located in the Lisbon area.

Lisbon is one of the largest ports on the Atlantic coast of Europe.

Portela International Airport is located in the north of the city, serving about 30 million passengers annually. Lisbon is the 9th most visited one in Southern Europe.