- ID: #3273
- Price: 375,000 €
- Type: Apartment
- Contract: Sale
- Location: Chiado
- Bathrooms: 2
- Bedrooms: 3
- Area: 120m2m2
Lisbon apartment for sale with this charming 2+1 bedroom duplex penthouse apartment located on the 4th level of a character building (with the beautiful blue tile facades) in Chiado (Santa Catarina) and which has already been completely renovated and furnished.
The duplex apartment comprises a large sunny living room, open-plan kitchen, 2 bedrooms and a bathroom on the lower level and a further bedroom, bathroom and small living room on the top level, which leads on to the delightful sunny balcony with the awesome city views and a little river view too.
The apartment is roughly 120,00 m2 in size and is sold fully furnished
In terms of its rental potential and considering the asking price of 375.000 €, if you rented it out (on a short-term rental basis) you can expect a gross rental yield of 13,60%, calculated using the following assumptions: 365 days x 85,00% average occupancy x 160,00 € per night (for 4-6 guests on average) = 49.640 € per annum or 13,60% gross rental yield. If you consider 35,00% as the standard operational costs, then the net rental yield is 8,84%, which I am sure you will agree is truly impressive and why I recommend you consider renting it out when you do not need it for your personal accommodation.
Why not take advantage of the incredible demand for resident rental units in central historical Lisbon and let the apartment pay for itself?
In terms of location, one could not ask for a better location. The apartment is really close to Chiado, Bairro Alto and the Mercado da Ribeira (previously the fresh fruit market and now Time-Out Food Hall
Bairro Alto is what makes the Lisbon nightlife the 2nd most popular destination in Europe.
A little further up from the apartment one can find the Bica Elevator, which besides being practical to tackle the hill between Cais de Sodré and Chiado, is one of Lisbon’s popular landmarks. The old fresh fruit market (Mercado da Ribeira) was recently converted into a food-hall concept which houses some of the most renowned restaurants (gourmet and traditional) in Lisbon. A huge success which is definitely worthwhile visiting and enjoying.
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