A very generous 4-bedroom 3-bathroom penthouse apartment with 214,80 m2, located in a charming 1950’s building with a concrete structure and equipped with an elevator, in the heart of the financial and services district, commonly known as the “Avenidas Novas”. The apartment is located by the El Corte Inglês department store and Sheraton Hotel. Directly across the street is the Pingo Doce supermarket and parking facility. In fact there are numerous pubic parking facilities in the immediate vicinity.

The apartment is to be sold as a “turn-key” project (fully renovated property) with the works due to commence in July 2016 and foreseen to take roughly 2-3 months to complete. The renovation works foresee a total of 4 large bedrooms, two of which will have en-suite bathrooms. The remainder of the apartment will comprise a dining room, living room, guest bathroom, fully fitted kitchen and laundry room, which can be used as an additional bedroom. In terms of finishing’s the apartment shall comefully air-conditioned, PVC windows and electrical shutters throughout, for more energy efficiency and comfort. The kitchen will have contemporary finishing’s and be fully equipped, with top quality appliances (Ariston) and modern features, including an LCD, glass working surfaces and LED lighting. Please click here for a better idea of the foreseen finishing’s.

All of the divisions in this exclusive apartment have their own windows with direct natural light. Adjacent bedrooms can be joined to create even more spacious bedrooms, should one require all of the 4 bedrooms. The kitchen has a small closed balcony or “marquise” with wall-to-wall and sliding windows, which is useful for drying the washing. At this stage, it is still possible to have a say in the final layout or finishing’s… something, which is not always possible.

The “Avenidas Novas” area of central Lisbon, which is generally known as the financial & services district and is a mixture of beautiful award-winning architecture and late 20th century office & apartment buildings lining long, wide avenues. Upper-middle class families typically live in this part of town with most of the apartments being quite spacious. Excellent shopping options with at least 5 shopping malls, including El Corte Inglês, available within 5-10 minute walking distance and a variety of transportation options, including numerous bus and metro or tube routes (3 tube stations by the apartment).

This location, which typically attracts the middle-upper class clientele, is more suitable for long-term rentals, so one can realistically expect to attract a monthly rent of 2.500 €, which translates to a long-term rental yield of 5,00% per annum!

Property Features

  • Air Conditioning
  • City Views
  • Elevator
  • Fully Fitted Kitchen
  • Great for Investment
  • Laundry
  • Storage space