Alfama Building with river view 4 units with terraces with 318,44 m2 + 26,00 m2 for renovation

1,175,000€
For Sale

4543

Property ID

344 m2

Size

8

Bedrooms

Description

BUILDINGS FOR SALE IN LISBON PORTUGAL

Lisbon buildings for renovation

Alfama  Building with 4 units with 318,44 m2 + 26,00 m2 for renovation for 1.175.000 €
I am referring to the character building, with incredible river views in the heart of Alfama – Lisbon’s oldest historical neighbourhood – with a total of 4 units with 318,44 m2, plus terraces and balconies, comprising the following units:
. ground level 2+1 bedroom apartment with 79,61 m2
. 1st level 2+1 bedroom apartment with 79,61 m2 + terrace with 12,50 m2
. 2nd level 2+1 bedroom apartment with 79,61 m2 + balcony with  1,00 m2
. 3rd level  2+1 bedroom apartment with 79,61 m2 + terrace with 12,50 m2

BUILDINGS FOR SALE IN LISBON PORTUGAL

 The top apartment has a unique terrace facing the jaw-dropping river views and that the 1st level has already been “renovated” for AirBnB,
 
This unique building in a one-of-a-kind location is 1.175.000 € or 3.689 € per m2. I would estimate roughly 300.000 € for renovation costs
 
For you to have an idea of the resale prices today, the development (literally next doorsold for well over 6.500 € per m2 (on average) about a year ago.
 
If you choose to renovate and hold the property, you stand to make a gross rental yield of17,81% per annum or if you prefer 262.800 € per year at an average of 200 € per night per apartment. 
 
If you consider 30,00% for costs, then you would net a very generous 12,47% net rental yield, meaning that you would have clawed back your entire investment in less than 10 years!
Summary
product image
Rating
1star1star1star1star1star
Aggregate Rating
no rating based on 0 votes
Brand Name
propertylisbon.com
Property name
Alfama - Alfama Building with river view 4 units with terraces with 318,44 m2 + 26,00 m2 for renovation
Price
EUR 1175000
Property availability
Available in Stock

Address

Address: Alfama, Lisbon, Lisbon, Portugal
  • Country: Portugal, Portuguese Republic
  • Province / State: Alfama
  • City / Town: Lisbon
Open on Google Maps

Location

Walk Score

Contact

Avenida Da Liberdade
+351 211 226 489
info@propertylisbon.com
Other Properties

Ratings & Reviews

0 0 Reviews
  • 5 0 %
  • 4 0 %
  • 3 0 %
  • 2 0 %
  • 1 0 %

0 Reviews