INVESTMENT PROPERTY / GOLDEN VI
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 6 – 7 1100-376 Lisboa
Date of construction: 1810 - 1820
Total construction area: 501m2
Total living area: 476m2
Outside patio area 24m2
Common staircase area: 25m2
Residential building composed of 8 apartments on 4 floors in whole ownership but with municipal permit to register 8 individualized housing units
The top floors are attic type houses with drawn down ceilings
Common areas in good condition but most of the apartments need restoration work
Qualifies for 1 to 3 GOLDEN VISA if the building is individualized
Ground floor Right: 1 bedroom (60m2) full restoration required
Ground floor Left: 1 bedroom (57m2) full restoration required
1st floor Right: 2 bedrooms (54m2) + terrace (26m2) full restoration required
1st floor Left: 1 bedroom (54m2) upgrade required
2st floor Right: 1 bedroom (57m2) Very good condition/restored new (rented €700/month until June 2021)
2st floor Left: 1 bedroom (57m2) upgrade required
3rd floor Right: 1 bedroom (54m2) good condition (rented €650/month until June 2021)
3rd floor Left: 1 bedroom (57m2) full restoration required
Common staircase area: (25m2) Very good condition/restored to new
Building Façade: Good condition
Roof: full restoration required
8 flats fully restored will return rents of +/- €5.500/month in the traditional rental market or €8.500/month in the short term rental market
Restoration does not require municipal permits.
Due to the historic location if the restoration is done with municipal permits then several tax benefits will apply.
Namely:
1st 5 year property tax exemption
2nd 5% capital gains tax
3rd Lowered rental income tax
4th Exemption of property sale tax on 1st transmission
SALE PRICE
€1.098.000