Exceptional Building with Panoramic River Views Lapa (Lisbon, Lisboa, PT - 1200)

€3,500,000

Living Portugal Property

ronald wayne ronald wayne +351 92 777 1776 (Office) +351 92 777 1776 (Cell) Request More Info

  • Type: Condominium
  • Style: Apartment
  • Bedrooms: n/a "Multiple"
  • Bathrooms: n/a "Apartments"
  • Size: 750 sq. m.
  • Lot Size: 150 sq. m.

Description

Exceptional Building in Lapa with Panoramic Views to the River
Lisbon, 1200, Portugal

Nº of Apartments x 6
1 x T1
2 x T4/T5
3 x T3/T4

Plot size 150 sqm
Construction area 750 sqm

This “in excellent condition” building has an imposing character and is located within one of the most prestigious and historical neighbourhoods of Lisbon.

The building has an exceptional size with more than 750 m2 of building area and 150 m2 of private gardens.

It is currently divided into 6 apartments and has project for a luxury condominium with swimming pool with exceptional amenities.

The facade and common areas were recently renovated which maintains the building in pristine condition.

This building is an exceptional piece of luxury real estate with potential to become a project of reference due to the special and unique combination of development potential, prime location, dimension, panoramic views and privacy.

No lift or garage

Tenants x 6
2 contracts renewable annually
4 contracts existing

Income Actual Potential Selling Price

Sub-basement T1 + 1 €6,300 pa €10,800 €324,000
Basement T3/T4 €9,000 pa €30,000 €900,000
Ground-floor T3/T4 €6,100 pa €36,000 €1,080,000
1st floor T4/T5 €2,450 pa €42,000 €1,260,000
2nd floor T4/T5 €6,650 pa €42,000 €1,260,000
3rd floor T3/T4 €1,212 pa €42,000 €1,260,000

The above income figures are actual versus potential with the creation of a private condominium to include swimming pool and let on a short-term basis.

Potential sales prices are after the works have been completed and offered for sale on a vacant basis.

Asking Price €3,500,000

Attachments

P2#242459263
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