Condition: Under construction
Location: Bica, Lisbon
This new two-bedroom apartment in Lisbon is for sale with the option of a rental guarantee from the developer. The property is 90m2 and has an additional 12m2 of terrace space. It is located on Rua de São Paulo close to Elevador da Bica which is an excellent investment area in Lisbon.
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.