Condition: Under construction
Location: Bica, Lisbon
This 82m2 two-bedroom apartment Lisbon is currently being renovated and is for sale along with a rental guarantee of 4%. The property has private balcony space of around 12m2.
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.