Block of flats for sale

Benfica, Lisboa, Portugal

Investment opportunity - building for sale in horizontal property in benfica

approved project for Building with 10 units and Total Rehabilitation on Calçada do Tojal in Benfica with an estimated construction cost of €550,000.00

The building currently consists of 8 units in an aru Zone and has an approved project for the creation of 2 additional units, totaling 10 residential units.
This approval allows for a rehabilitation strategy and immediate inventory increase, properly licensed.

Floors, Typologies, Interior Useful Area, Exterior Area and Details:

- Basement with 2 Studio Apartments with ~28 m2 with private outdoor space (~34 m2);
- Lower ground floor with 2 One-bedroom Apartments with ~40 m2 with private outdoor space and balcony;
- Ground floor with 2 One-bedroom Apartments with ~43 m2 with Balcony (4.5 m2);
- 1st Floor with 2 One-bedroom Apartments with ~43 m2 with Balcony (4.5 m2);
- Attic with 2 Studio Apartments with ~27 m2 with private terrace.

There are two rental contracts in force, one lifetime contract and one fixed-term contract.

Key Points:
• Immediate addition of 2 units to existing through approved project;
• Exterior spaces: Private outdoor areas and terraces in 6 units;
• Licensing: Immediate viability for all 10 units;
• Tax efficiency: Operation with imt exemption valued at €126,750.00;
• Sales Projection: €3.5M - Focus on more affordable housing, shortage of studios and one-bedroom units in the area;
• Acquisition values per property: 5 x One-bedroom: €235,000 each; 3 x Studio: €150,000 each;
• Acquisition values for rented units: 1 x One-bedroom: €65,000; 1 x Studio: €65,000 * with annual income: €7,116.48.

Come visit and submit your proposal!
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