Lisbon, Sintra, Portugal
- PROPERTY TYPE
Block of Apartments
- SIZE
48,653 sq ft
4,520 sq m
Description
This building is next to the Fitares Shopping Center and Pingo Doce, Rio de Mouro, 2 km from Mira Sintra Meleças station, and just 5 km from the entrance to the A16.
The building has 4,800 m2 of construction, distributed over 3 floors, each with 1,600 m2, with the ground floor being used for garages for 130 vehicles, the remaining floors are prepared for services, or co-working and individual offices or even a mix between offices and lofts, for income.
The building has only a few details left to complete and therefore does not yet have a LU, however, with minor works it will be easy to obtain one, since all the construction is in accordance with the approved projects.
A brief exercise into the profitability potential of this building points to yields of around 10%, which could easily be considered:
30 lofts with rents in the order of: 650 eur / Month = 19,500 eur / Month
130 parking spaces at 100 eur / month = 13,000 eur
Expected income of 32,000 eur per month = 384,000 eur per year
Other ways of monetizing this space are absolutely feasible.
Planned investment:
- Acquisition of the property in its current state: 2,500,000 eur = 520 eur /m2
- Rehabilitation and conversion works: 1,200,000 eur
Total expected costs: 3,700,000 eur
Construction time: 6 months
In short, given the built-up area in the location where this building is located, this is an excellent investment opportunity, with a potential return well above what the property market usually offers.
Contact me for more details.
#ref: 110214
Lisbon, Sintra, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Lisbon(International)13.5 miles
Advice on buying Portuguese property
Learn everything you need to know to successfully find and buy a property in Portugal.
About the agent
IAD, Porto
Av. da Boavista 934, Porto Portugal 4100-112
Founded in 2008, iad was born as the 1st digital real estate network made up exclusively of independent consultants. iad's DNA is based on 4 inseparable pillars: entrepreneurship, property, community and international.
In addition to head office support, the 4 pillars are backed up by digital technology and training, which make a major contribution to the success and appeal of the iad model.
With its headquarters in Paris, iad is the largest network of independent real estate cons
Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 110214) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.