Luxury apartment huge terrace, development garden and pool
A luxury retreat with stunning gardens and pool in the historic centre
OPPORTUNITY TO ACQUIRE AN APARTMENT IN A TOP END 5* APARTMENT HOTEL IN THE HEART OF SANTA CATARINA.
The Luxury Hotel Apartments occupy a former palace in Santa Catarina, Misericórdia, in the historic heart of Lisbon. Centrally located, it is within walking distance of some of the best restaurants, nightlife, shops and attractions that this bustling city has to offer. The Mercado da Ribeira (“Time Out” Market) is 200m away, with its food hall and surrounding art galleries and boutiques;
Each apartment from 430,000 comes with underground parking and a private storage area, and access to a rental pool
This unit has a rare huge decked terrace
Lisbon’s nightlife bursts alive at Rua Nova do Carvalho, while 100m to the west lies the chic neighbourhood of embassies and private palatial homes in Lapa. Bairro Alto, central to Lisbon café and nightlife culture, is less than a kilometre away and Santos railway station is only a 100 metre walk with direct trains to the beaches at Estoril or Cascais and also the cultural and tourist area of Belém. The Baronesa is also minutes by tram, or a short walk, to Praça do Comércio, one of Lisbon’s largest and most majestic squares overlooking the River Tagus.
The property consists of 29 apartments, all of which will be within the hotel rental pool structure. All purchasers, as well as receiving a guaranteed return of 4% on their investment over the first three years – plus a generous furniture package – will also benefit from up to six weeks personal usage per year.*
The rental structure ensures a protected investment opportunity for buyers looking to take advantage of a strong market in Lisbon in an area likely to continue to show excellent capital growth. Buyers who enter the rental scheme will enjoy a three year rental guarantee of 4% gross per annum. The only deductions applicable to
this return are local taxes, service charge and buildings insurance. After the three year guarantee period, the arrangement reverts to a 45% share of room revenues, with the management company (BH) remaining responsible for meeting costs of staffing, utilities, buildings and business insurance, security, maintenance, cleaning and laundry. After year 3, it is expected that purchasers will enjoy returns of 5-6% gross on their original purchase price.
PLEASE NOTE: the rental guarantee and furniture package are only offered to purchasers opting to join the rental pool. A rental pool means owner always get a share of the whole projects income and not reliant on just your apartment! This suits many people and offers peace of mind.
- Prime Location
- Rental Guarantee