Lisboa, Lisbon, Address available on request

Details:- Welcome 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 m2
4 floors
7 apartments (3x T2, 2x T1, 2 studios T1)
2 stores
Elevator
Description 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, renovated
Apartment II: 4 bedrooms, 2 bathrooms, renovated
Apartment III: 4 bedrooms, 2 bathrooms, renovated
3 stores with bathrooms and store windows, renovated
The current income is

Residential: 127,440.00/year (14 rooms)

Stores: 36,600.00/year (ready to rent)

Approximate total annual income: 160,000.00

Store 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 future

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