Condition: Under construction
Location: Bica, Lisbon
A first-floor two-bedroom apartment on Rua de São Paulo close to Bica and Mercado da Ribeira. The apartment has a small balcony and comes with a rental guarantee of 4% per year for two years.
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.