Property description
Building under Horizontal Property regime, renovated in 2016, with 5 independent units – all currently rented until early 2029 at current market levels.Located on Calçada da Bica Grande, the building is in excellent condition. All apartments have been fully renovated and furnished, featuring equipped kitchens and modern finishes.Apartment areas:Ground Floor – 1 BedrooBuilding under Horizontal Property regime, renovated in 2016, with 5 independent units – all currently rented until early 2029 at current market levels.Located on Calçada da Bica Grande, the building is in excellent condition. All apartments have been fully renovated and furnished, featuring equipped kitchens and modern finishes.Apartment areas:Ground Floor – 1 Bedroom + 1 – 63.95 m²1st Floor – 1 Bedroom – 44.88 m²2nd Floor – 1 Bedroom – 44.58 m²3rd Floor – Studio – 27.14 m²3rd Floor – 1 Bedroom – 67.32 m² (Duplex with 2 bathrooms)Total gross area: 248 m²Gross annual rental income: €69,984Gross annual yield: 5.
2%The building also includes a ground floor storage area used for cleaning supplies and back-office support.The apartments were previously licensed for short-term rental (Alojamento Local), and the owner is currently exploring the possibility of reinstating the license.Immediate possibility to sell the apartments individually.
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