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New Shop for Sale

Ref. BICA-A

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Bedrooms: T0
Condition: Under construction
Area: 97m2
Location: Bica, Lisbon

A ground-floor shop for sale in a great location on Rua de São Paulo in Lisbon. The retail space is part of a building which is undergoing renovation and is due for completion in mid-2016. The property has nearly 100m2 of space.

A lovely boutique development with just nine apartments, this opportunity is located a popular residential and touristic area just a few metres from the historic Ascensor da Bica, Lisbon’s oldest funicular. The funicular has been running since 1892 and is considered a National Monument – it carries passengers up and down a hill which is lined with shops and restaurants. The building itself has just five floors with a mixture of 1 and 2-bedroom apartments. Buyers can allow the developer to manage the rental of the property in return for a fixed yield of 4% per year and two weeks personal use.

  • Key Facts:
    • Completion due 2016
    • Nine apartments
    • 1- and 2-bedroom
    • Areas ranging from 76m2 to 107m2
    • 4% rental guarantee for 2 years (renewable contract)
    • 2 weeks personal use per year
    • Fully furnished
    • Ideal Golden Visa property

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