Key Facts
- MLS® #: 113240011
- Property ID: SIRC2441891
- Original Price: EUR 799,000
- Property Type: Residential, Single Family Semi-Detached
- Lot Size: 688.89 sq.ft.
- Year Built: 1900
- Bedrooms: 6
- Bathrooms: 4
- Listed By:
- Teresa Pinto
Property Description
Building in the center of Sintra, only a few minutes walk from several tourist spots, operating as local accommodation and producing high revenues. The building is divided into four floors with one apartment on each floor. On the ground floor a T1, on the first floor a T2, another T2 on the second floor and a studio in the attic. All apartments are fully equipped for the purpose of local accommodation. The property is currently in the final stage of the "horizontal property" process and the buyer will inherit this benefit which will appreciate the property even more. An excellent investment for anyone looking for medium to long term profitability. It has at this price a gross annual yield of around 10%. We expect the yield to increase even more in the short term with the increase of tourism in Sintra and the lack of accommodation offer (mainly in the summer). Fully transparent with current yields and revenue figures to any buyer.
Listing Agents
- Teresa Pinto
O. 351913247551
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Portugal Sotheby's International Realty
Edifício Baía Center Passeio de Dom Luís, I, nº 16 e 17
Cascais, Lisbon, 2750-474
Portugal
+351919010919