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Located in Santo António, in the heart of Lisbon, this corner building is less than 250 metres from Avenida da Liberdade
São Mamede, Lisboa, Portugal
REF: 865148
€2,500,000
Description
Located in Santo António, in the heart of Lisbon, this corner building is less than 250 metres from Avenida da Liberdade. Implanted in 273sqm with a current gross construction area of approximately 520sqm, the building has three apartments, three shops and generates an annual income of EUR130,000 - leases with a 60-day termination clause. The building has an architectural project approved for expansion, which will increase the gross construction area to 914sqm. The project includes the construction of two studios, two one-bedroom apartments, three two-bedroom apartments and the maintenance of the shops on the ground floor which can be used as one larger space if needed. Currently, the building includes a T6 with two full bathrooms and an additional half bath, a T4 with a full bathroom and an additional half bath, and a T4 with a full bathroom. On the ground floor, there are vacant and recently renovated shops with bathrooms. Located just a few minutes from the prestigious Avenida da Liberdade, this building offers privileged accessibility and is a rare opportunity to invest in a building with immediate income and at the same time with substantial future potential. For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects. In Lisbon, we are based in Chiado, one of the most emblematic and traditional areas of the capital. In Porto, in Foz do Douro, one of the noblest places in the city and in the Algarve next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Located in Santo António, in the heart of Lisbon, this corner building is less than 250 metres from Avenida da Liberdade. Implanted in 273sqm with a current gross construction area of approximately 520sqm, the building has three apartments, three shops and generates an annual income of EUR130,000 - leases with a 60-day termination clause. The building has an architectural project approved for expansion, which will increase the gross construction area to 914sqm. The project includes the construction of two studios, two one-bedroom apartments, three two-bedroom apartments and the maintenance of the shops on the ground floor which can be used as one larger space if needed. Currently, the building includes a T6 with two full bathrooms and an additional half bath, a T4 with a full bathroom and an additional half bath, and a T4 with a full bathroom. On the ground floor, there are vacant and recently renovated shops with bathrooms. Located just a few minutes from the prestigious Avenida da Liberdade, this building offers privileged accessibility and is a rare opportunity to invest in a building with immediate income and at the same time with substantial future potential. For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects. In Lisbon, we are based in Chiado, one of the most emblematic and traditional areas of the capital. In Porto, in Foz do Douro, one of the noblest places in the city and in the Algarve next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange
São Mamede, Lisboa, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,500,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,500,000 | £2,070,775 | £2,148,625 | £77,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,070,775 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,850 |
São Mamede, Lisboa, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,500,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,500,000 | £2,070,775 | £2,148,625 | £77,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,070,775 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,850 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £77,850 more.
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