One truly exciting property that I procured recently is a charming and freshly renovated 1-bedroom 1-bathroom apartment, on the lower ground level of a 1950’s building with an imposing marble lobby, located in a tranquil cul-de-sac opposite the Amoreiras Garden and the Mãe d’Água Reservoir, built in 1745 and that collects the water from the renowned Águas LivresAqueduct. The gardens and adjacent gymnasium (Ginásio Clube de Portugal) are accessed via a convenient staircase for residents.
The location is superb, with a metro station (Rato) literally down the road from the property and equidistant (650 m) from the Amoreiras Shopping Centre, Lycée Français, Campo de Ourique and Principe Real. The Estrela Gardens and Marquês de Pombal (Avenida da Liberdade) is a 10-minute walk from the apartment. The access to the A2 (Algarve / Spain) and A5 (Cascais) motorways are just 500 metres from the apartment, which is very convenient when you begin to explore and enjoy the rest of Portugal.
The cosy south-facing apartment is 40,00 m2 in size and is sold fully furnished. The property comprises a sunny living room, with direct access to the communal patio, open-plan living room, generous bedroom and contemporary bathroom with a practical walk-in shower. The kitchen is fully fitted, with all the appliances and the apartment is air-conditionedthroughout.
There are at least 3 public parking facilities by the apartment where one can lease a parking space or pay-as-you-go… although street parking is plentiful and “free of charge” for residents.
The location is excellent for both long and short-term rentals. The expected long-term rental yield is more than 5,00% per annum and at least double, if you choose to rent out the apartment on a short-term rental basis (tourists) instead. You can realistically rent out the apartment overnight on a long-term rental basis for 700 € – 800 € per month.
The asking price is just 180.000
- Fully Furnished
- Superb Location