Condition: Under construction
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.