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Principe Real 2-bedroom penthouse  3rd level

45,00 m2 + 20,00 m2 (duplex) with city and river view

320.000 € under renovation – delivered furnished

2-bedroom duplex penthouse located on the 3rd level of a character building in a prime location, close to the parliament building, amidst the traditions of neighbourhoods of São Bento, Santa Catarina and the avant-garde Principe Real, this property is perfectly located and will be a pleasure to live in.

The elegant and sunny 65,00 m2 duplex apartment comprises a lower level with roughly 45,00 m2 including the open plan kitchen and dinning room, guest bathroom and living room. 
 
There are 2 balconies on this level, both of which have city views and one which also has river views.
 
The top level with another 20,00 m2, houses the 2 bedrooms, one of which has an en-suite bathroom… and all of which will have incredible natural light flowing in from the skylights and mansards with even better views than the bottom level.
 
This apartment is being renovated to the same high standard as Property #1 (above), including pre-installation of air-conditioning and everything in the apartment will be BRAND NEW.
 
The selling price of 320.000 € will include the all of the furniture (but not soft furnishing’s) so that it is ready-to-rent on completion, which I would estimate will happen in roughly 1-2 months time (under renovation).
 
The attractive Principe Real neighbourhood (named “Royal Prince” in honour of Queen Maria II’s first born child) extends north of Bairro Alto, and although it was once only known for its antique shops and bars, has now become an important shopping area, although it remains essentially a residential district, filled with gardens, a couple of the city’s most tranquil squares, and colourful mansions. The abundant charm has turned it into one of the most sought-after areas to live and rent in the central historical area of Lisbon.

The property is an excellent lifestyle choice, but that would comfortably generate rental income in excess of 37.000 € per annum, should you chose to rent out the property on a short-term rental basis. 
 
If you rent the property out on a short-term rental basis, you can conservatively expect a rental yield of 11,63% on just 120 € per night and average occupancy rate of 85,00% (it will be higher than this).
 
I have included 3D images, provided by the vendor (Engineer)
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Property Features

  • Balcony
  • Duplex
  • High yield
  • River Views