A very rare of potentially highly profitable yield investment has arisen.
They can be sold separately also but for investors this is a gold mine.
I am referring to the 2 apartments for renovation on the same level (side-by-side) of a character building with an elevator onRua Vitor Cordon in Chiado.
You will recall that the apartments are currently being used as offices and that one apartment 101,30 m2 in size and the other 126.20 m2. Therefore, if you purchase the 2 apartments together, you will have a total of 227,50 m2 in which to potentially create 8 or 9 suites for your Korean guest house operation.
I have attached a PDF, where you can see the 3 proposed layouts (residential) for the apartments both separately and together (as a 5-bedroom apartment). Naturally, you would need to sit down with the architect and design your own layout(assume it would be suites), but the most important items are already there, i.e. the floor space, the 2 south-facing properties and location, location, location!
The asking price for the smaller 101,30 m2 apartment is 452.000 € and for the larger 126.20 m2 apartment is for 476.000 €.
We have the people ready to help you with the renovation works if you need (decades in the business and trusted)
This opportunity is in CHIADO, which is by far the most sought-after destination for both investment and lifestyle. Occupancy rates here exceed 90,00% per annum! Making 40k-80k just as apartments and even more as suites.
- High yields