Condition: Under construction
Location: Bica, Lisbon
This one-bedroom apartment in Bica comes with a guaranteed rental of 4% and is an excellent investment opportunity in Lisbon. It is a very large property with almost 92m2 of internal area and the location is ideal for short-term rentals.
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.