Charming 1-bedroom 1-bathroom penthouse apartment, with immense natural light, located on the 4th level of a character Pombalino building, located by the Amoreiras Garden and the Mãe d’Água Reservoir, built in 1745 and that collects the water from the renowned Águas Livres Aqueduct.
The location is superb, with a metro station (Rato) literally down the road from the property and equidistant (650 m) from the Amoreiras Shopping Centre, Lycée Français, Campo de Ourique and Principe Real. The Estrela Gardens andMarquês de Pombal (Avenida da Liberdade) is a 10-minute walk from the apartment. The access to the A2 (Algarve / Spain) and A5 (Cascais) motorways are accessible roughly 500 metres from the penthouse apartment, which is very convenient when you begin to explore and enjoy the rest of Portugal.
The cosy south-facing penthouse is roughly 35,00 m2 in size (living area), which retains much of its original character, such as the wooden floors and crossbeam structure, requires just a little TLC. The property comprises a sunny living room, open-plan kitchen, bathroom and the bedroom… both of which have the stunning views. The storage spaces, under the roof, in the bedroom and living room could potentially be converted into little terraces, so the one can enjoy some outside space and the city and river views.
There are at least 3-4 public parking facilities by the apartment (closest is Pateo Bagatella) where one can lease a parking space or pay-as-you-go… although street parking is plentiful and “free of charge” for residents. The asking price is just135.000 €!
The location is excellent for both long and short-term rentals. The expected long-term rental yield is in excess of 5,00% per annum and at least double10%+ , if one chooses to rent out the apartment on a short-term rental basis (tourists) instead.
- 10% yields
- Natural Light
- river view