The building comprises a total of 6 levels, including a shop on the ground level and another 5 levels above with 8 luxurious apartments with the following net living areas:
. ground level shop
. 1st level 1-bedroom apartment 99,68 m2 NBA + 35,32 m2 garden
. 2nd level 2 x 1-bedroom apartments 92,88 m2 NBA
. 3rd level 2 x 1-bedroom apartments 92,90 m2 NBA
. 4th level 1-bedoom + 1 studio apartment 83,28 m2 NBA
. 5th level 1-studio apartment 25,52 m2 NBA
Please note that in Portugal properties are normally advertised using the gross living area. The above measurements are the net living areas. For your guidance, I have attached the floor plans from levels 2-4. If you need floor plans for the other levels, please let me know.
You will recall that the apartments are fully furnished and 7 of the 8 apartments are successfully being rented out on the short-term (tourist) rental market. The apartment on the 1st level is currently not being rented out, as it is where the owners live. The shop on the ground level is also not being rented out.
In 2016 the 7 apartments generated over 6 figures with a quality rating of 92,00% (reviews) main travel site – info available in person
If you choose to rent out the apartment on the 1st level and the shop on the ground level, you can easily generate in another 50.000 € per year. You will recall that the shop is equipped with a small kitchenette and bathroom… and is prepared for usage as a restaurant (which is what it was before the renovation)
I have taken the liberty of attaching a few photographs of the apartments, taken during the renovation, so please bear in mind that the apartments were not fully equipped, air-conditioned and furnished at the time. There are now
The listed price for the fully operational guest house is 2.500.000 €, but offers are being submitted by investors now
- Fully Furnished
- High yields