Lisbon, Lisbon, Portugal

Charming building with wrought-iron balconies, totally refurbished, fully equipped, furnished and brand new, located in the Estrela parish in Lisbon. Nestled in the enchanting Praça da Armada, a delightful square with majestic jacaranda trees, and rich in history, monuments and architectural heritage.

South-facing, this four-storey building is bathed in light all day long, and consists of eight units: two shops on the ground floor and six 1-bedroom flats on the remaining floors, all with wide-open views of the Praça da Armada.

These brand new 1-Bedroom flats are fully equipped, elegantly furnished and ready to start generating revenue. The renovation and finishes are of the highest quality. Premium Riga wood flooring, lacquered carpentry, solid wooden shutters, Lioz stone on the kitchen backsplashes and countertops, Lioz stone on bathroom floors, shower bases, walls and base boards. Furniture and décor from Paris:Sete, Hay, Kinda Home and Zara Home. Designer sofas are 100% linen sofa-beds from Paris:Sete. Mitsubishi flat-screen TV sets, BOSCH appliances, Mitsubishi dual air-conditioning and heating units in all flats and laundry facilities on the top floor. Four of the flats offer 35m2 of gross private area, two of the flats offer 30m2 of gross private area.

One of the shops is equipped with smoke extraction, the other shop is not and it is not possible to install. The two shops cannot be unified due to structural reasons. However, it would be possible for the two shops to communicate for the passage of plates/dishes for example, if occupied by a restaurant. Both shops offer 30m2 of gross private area.

Very well-located building, close to the new private hospital CUF Tejo, Avenida 24 de Julho, Avenida de Ceuta, Avenida Infante Santo, Ministry of Foreign Affairs, Palácio das Necessidades, LX Factory, Docas de Santo Amaro, ALLO Alcântara Offices and the Tejo River. This area of the city offers excellent accessibility and various modes of public transportation. The future Alcântara Metro will be two steps away.

Potential: Place on the rental market or sell the units individually as the building is in horizontal property. Market studies indicates a potential yield of 5.8%. The company that owns this property can also be acquired which could also be very advantageous in the acquisition of this asset.

A fantastic investment opportunity in an area of the city that is undergoing tremendous growth, urban regeneration, consolidation and value appreciation.