Lisbon, Lisbon, Portugal
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
96
- SIZE
43,594 sq ft
4,050 sq m
Description
Asset Summary
Property Type: Entire building under Horizontal Property Regime
Total Units: 14 residential + 1 commercial (Loja + Subl. Cave)
Total Floors: 8 (Basement + Ground + 5 upper floors)
Configuration: Two units per floor - Left & Right
Total Gross Private Area: 4,080.00 m²
Land Area: 641.25 m²
Building Footprint: 420.00 m²
Vacant Units: 4 residential units currently vacant
Lease Type: All residential units on annual contracts - flexible and easily renegotiable or terminable
Key Investment Highlights:
14 residential units, of which a significant number are currently vacant (30%), allowing immediate repositioning and value-add potential.
Annual lease contracts in place across the tenanted units - all easily updatable or terminable, offering maximum flexibility to investors.
Current gross rental income totals ?300K /year, with upside potential through rent updates, unit renovations, and repositioning.
Several units are in very good condition, while others may benefit from refurbishment.
The overall structural and architectural condition of the building is strong, with no major capex expected in the short term.
Pricing below ?1M per unit, offering an attractive entry point for prime Lisbon multi-family assets in a core location.
Repositioning & Upside Strategy
Uncommon unit sizes (~200m² / T6) open the door to premium positioning:
Luxury family apartments for expats
Subdividing into 2 x T3 per unit (subject to licensing), creating up to 28 apartments
Co-living strategy across 6-bedroom layouts with high per-room revenue
High-end short/mid-stay serviced apartments
A rare Lisbon core-plus multifamily asset delivering ?300,000 in income at 70% occupancy, with immediate upside through re-leasing, unit modernization and long-term capital appreciation. Located in a high-demand metro-connected neighborhood, this property is priced below ?1M per unit with strong fundamentals and a clear path to much higher yields.
Lisbon, Lisbon, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Lisbon(International)2.9 miles
Advice on buying Portuguese property
Learn everything you need to know to successfully find and buy a property in Portugal.
Notes
This is a property advertisement provided and maintained by Mendez-Nassau, Cascais (reference predio) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.