Renovated Building for Investment

Renovated 8-floor building for investment

In the iconic Praça da Armada in Alcantara we find this fantastic building in horizontal property, consisting of 6 one-bedroom apartments and 2 stores.

Renovated in 2023, this bright four-storey building with unobstructed views of Praça da Armada has 6 brand new one-bedroom apartments, fully equipped and furnished and ready to move into.

Four units offer 35sqm of gross private area and two units offer 30m2 of gross private area.

High quality construction and finishes. Premium Riga wood flooring, lacquered carpentry, wooden interior shutters, lioz stone in the kitchen cabinetry and worktops, and lioz stone in the flooring, shower trays, walls and skirting boards in the bathrooms.

Furniture and decoration from Paris: Sete, Hay, Kinda Home and Zara Home. The sofas are all designer sofa beds in 100% linen from Paris: Sete. Mitsubishi air conditioning and heating equipment in all units. BOSCH domestic appliances and Mitsubishi televisions. Laundry room on the fourth floor.

The store on the left has smoke extraction. The store on the right has no smoke extraction and cannot be fitted. The two stores cannot be joined for structural reasons. However, it would be possible for the two stores to be connected for passing dishes, for example, if the space is occupied by a restaurant with access to a fabulous terrace. The stores each have 30m2 of gross private area.

The building is very well located, close to the CUF Tejo private hospital, Avenida 24 de Julho, Avenida de Ceuta, Avenida Infante Santo, the Ministry of Foreign Affairs, Lisboan International Schoool, LX Factory, Docas de Santo Amaro, ALLO Alcântara Lisbon Offices and Rio Tejo. This area offers excellent access and a good public transport network. The future Metro stations of Alcântara and Infante Santo will be very close by.

There is the possibility of acquiring the company that owns this property, which could also be more advantageous from a tax point of view.

An excellent investment opportunity with the possibility of placing the property on the rental market or selling the individual units. Profitability studies indicate a potential yield of 5.8%.

Contact us to arrange a visit.