Avenidas Novas, Lisbon

Liberdade HeightsWelcome to Liberdade Heights, an exceptionally lucrative and versatile investment located close to the prestigious Avenida da Liberdade. This building, currently generating a solid annual income of 127, 000.00, features an approved architectural project that promises to redefine its potential and value.This development offers two distinct investment profiles:Investment Profile 1: Maintain existing rents while capitalizing on the Lisbon City Council's approval to expand the building by two floors. This strategy provides the opportunity to maximize the return on the current investment.Investment Profile 2: Implement the approved architectural project for a complete rehabilitation and new construction, resulting in nine residential units approved by the CML. This profile offers significant upside potential for the property.The architectural project approved in February 2024 for the extension and rehabilitation of the building has the following details:Gross Construction Area: 914 m24 floors7 apartments (3x T2, 2x T1, 2 studios T1)2 storesElevatorDescription of current situation:The building currently consists of three apartments and three stores spread over two floors. The first floor houses three stores, while the second floor contains three apartments, including a duplex. All the units have been renovated and feature the following:Apartment I: 6 bedrooms, 3 bathrooms, renovatedApartment II: 4 bedrooms, 2 bathrooms, renovatedApartment III: 4 bedrooms, 2 bathrooms, renovated3 stores with bathrooms and store windows, renovatedThe current income isResidential: 127, 440.00/year (14 rooms)Stores: 36, 600.00/year (ready to rent)Approximate total annual income: 160, 000.00Store 1: 12, 000.00/year (expected)Store 2: 13, 830.00/year (expected)Store 3: 10, 800.00/year (expected)14 rooms: 650.00/month/127, 440.00/year (effective income)Energy Rating: D With Liberdade Heights, you're not just investing in a property, but also in a promising and profitable futureTranslated with (free version)