INVESTMENT PROPERTY
Tenant-free (vacant) buildings located in Santa Maria Maior parish in the heart of the typical Mouraria district one of the most touristic in Lisboa
3 minutes walking distance to Martim Moniz transportation hub. Subway - Trams - Buses.
7 min walking distance to the Baixa de Lisboa area and 10 min to the river
Within 200mts many different shops, restaurants, cafés
Address: Largo das Olarias Nº 8 1100-376 Libsoa
Date of construction: 1930
Total construction area: 38m2
Total living area: 38m2
Residential building composed of 1 apartment on 2 floors
Ground floor & 1st floor: 1 bedroom (38m2) full restoration required
Fully restored this building will return a rent of +/- €750/month in the traditional rental market or €1.100/month in the short term rental market
Restoration does not require municipal permits.
However due to the historic location if the restoration is done with municipal permits & municipal monitoring several tax benefits apply including exemption of property tax during 5 years, 5% capital gains tax, lowered rent income tax
SALE PRICE: €130.000
Note: If sold in conjunction with adjacent building (address Largo das Olarias Nº 6 – 7 1100-376) sale price is lowered to €110.000