Portuguese passport by investment – 2-bedroom apartment renovation project delivered turn key renovated

13519-LIB011

Property ID

70 m2

Size

2

Bedrooms

2

Bathrooms

Description

Portuguese passport by investment

Renovation projects in Lisbon Portugal

Charming 2-bedroom 2-bathroom apartment with roughly 75,00 m2, located on the 1st level of a historical building, just off of Avenida da Liberdade.

In terms of location, one could not ask for anything better!

No more than 300 m from Avenida de Liberdade – Lisbon’s the most exclusive Avenue – lined with some of the world’s most renowned shops and brands such as Prada, Louis Vuitton, Gucci, Cartier and many others. The nearest tube station is no more the 300 m away from the property and it is also served by numerous bus routes, running past Campo Mártires da Pátria and Avenida da Liberdade. The nearest shopping mall is the Tivoli Forum, where the Gucci store is located (literally down the street).

The property is set to be renovated by a reputable builder with an immaculate track-record, according to a schedule and layout to be agreed with the future owner. It shall be delivered as a “turn-key” project, i.e. as fully renovated property, yet it can also be a fully complaint 350K Golden Visa project, in that the builder will break the turn-key project down into the “shell” (unrenovated property) and the foreseen renovation works, taking care of all the licensing requirements associated with the proposed renovation.

Understandably, it’s not always easy to stand in the “shell” (unrenovated property) and see past what is currently there, in other words, to picture how amazing the property will look like after it has been renovated, so if you would like to see previous renovation projects Portugal from the same developer, including 350K Golden visa Portugal properties, please request a PDF presentation from one of our consultants.

As for the renovation works, these will entail “gutting” the property and complete overhaul (full renovation), including new electricity, water and sewage infrastructures. Any historical elements shall be preserved or replaced, and the works will include fully-fitted kitchen and pre-installation for air-conditioning.

The proposed layout comprises a sunny living room, kitchen, master bedroom with an “ensuite” bathroom, guest bathroom and guest bedroom. Of course, the beauty of renovating “yourself” is that you can influence the layout and finishing… something which in not possible when buying an already renovated property. In a nutshell, you will get a brand-new Lisbon apartment in a historical building, but without any licensing or renovation headaches, whilst allowing you to qualify to the Golden Visa Portugal… should this be your motivation to buy this property?

Should you choose to rent out the property on a short-term rental basis, you will rake in a generous 12,07% gross rental yield or 8,45% net rental yield if you consider the standard 30,00% costs, allowing you to claw back your entire investment in just over 10 years!

 

Address

Address: Av. da Liberdade, Lisboa, Portugal
  • Country: Portugal, Portuguese Republic
  • Province / State: Avenida da Liberdade
  • Postal code / ZIP: 1250-096
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