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Property description
!! Excellent investment opportunity !!Completely renovated building for sale in Avenidas Novas, 350 meters from El Corte InglêsWith an excellent location, very close to El Corte Inglês, Saldanha, and Marquês de Pombal, this building underwent extensive renovations in 2016. These renovations perfectly combined modernity and comfort with carefully selected materials that maintain the o!! Excellent investment opportunity !!Completely renovated building for sale in Avenidas Novas, 350 meters from El Corte InglêsWith an excellent location, very close to El Corte Inglês, Saldanha, and Marquês de Pombal, this building underwent extensive renovations in 2016. These renovations perfectly combined modernity and comfort with carefully selected materials that maintain the original design, such as the hardwood flooring, solid wood shutters, and iron locks. This successful combination of modernity and the original building’s antique features gives this building a charm and allure that’s hard to find.
The fact that there’s only one apartment per floor also contributes to the building’s tranquility.With a total construction area of 551m2, this building is divided as follows:- Ground floor: Commercial space with a total area of 203.40m2 / leased with a contract ending/renewing in March 2031 and with a current monthly rent of €2,500- First floor: 2-bedroom apartment with a total area of 80.90m2 + a terrace of approximately 20m2 / leased with a contract ending/renewing in March 2028 and with a current monthly rent of €1,650- Second floor: 2-bedroom apartment with a total area of 80.90m2 + a balcony of 7m2 / recently vacated and will enter the rental market with an asking price of €1,650- Third floor: 3-bedroom duplex apartment with a total area of 120.9m2 / will be vacated on September 30, 2025 and will enter the rental market with an asking price Monthly rental price of €2,700Annual Yield: 4.64%The location couldn’t be better! In one of the best areas of Avenidas Novas, with all kinds of shops and services nearby, this apartment is:- Less than 100 meters from supermarkets (Aldi and Pingo Doce)- 260 meters from the Metro - Parque station (4-minute walk)- 330 meters from Parque Eduardo VII (5-minute walk)- 350 meters from El Corte Ingês (5-minute walk)- 650 meters from Marquês de Pombal (9-minute walk)The building also features solar panels that optimize energy consumption and reduce electricity costs.The building has no elevator or garage, but you can request an EMEL license plate and park right outside (on the street), and there is a garage with monthly agreements right across the street. This garage has car access via the apartment street and Av. Antônio Augusto Aguiar.
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