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Renovated building, with works carried out in 2018, comprising five floors (one bedroom per floor, with the top floor being a duplex, shop and storage room) with 151 m2 of gross construction area, in Alfama, Lisbon. This is an investment opportunity in the residential market, particularly in the rental market in the most favoured areas of Lisbon. Given the lack of rental product, this opportunity allows the investor a return of 5.78% per annum, at no extra cost.
Situated in the heart of Alfama, the opportunity to rent to tech workers and digital nomads provides a unique opportunity to monetise the property while benefiting from increased appreciation.
Alfama is known for its restaurants and fado houses and is frequented daily by Portuguese and foreign tourists. The building is close to shops, services and leisure areas. It is 5 minutes' walking distance from the Church of São Vicente de Fora, Santa Apolónia metro station, the Fado Museum, ISPA University Institute and 20 minutes' driving distance from Lisbon Airport.
Energy Rating: B-