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ATTENTION INVESTORS - Shop with excellent YIELD! Located in Avenidas Novas, one of the most prestigious areas of Lisbon, excellent store for investment
Lisboa, Lisboa, Portugal
REF: 868616
€375,000
Description
ATTENTION INVESTORS - Shop with excellent YIELD! Located in Avenidas Novas, one of the most prestigious areas of Lisbon, excellent store for investment. The lease is currently in force and valid until November 2029, ensuring a net return of 6.09% until May 2027 and 7.02% thereafter. This is an excellent property asset, with guaranteed profitability, located on one of Lisbon's main avenues, with a strong commercial component and high potential for appreciation in the medium and long term. Located in Avenida João Crisóstomo, it has a total area of forty-nine square meters and a generously-sized shop window. It can be adapted to any line of business, except catering, as it does not have a smoke exit. Main characteristics of the store: - Total area: 49.00 square meters - Shop window dimensions (WxH): 3.50 x 1.75 meters - Bathrooms: 1 - Ceiling height: 3.45 meters The plumbing was completely replaced in 2021 and has water and sewage connections at various points in the store. The electrical system was overhauled at the same time and has built-in lighting with LED bulbs. The floor is laminate vinyl and is in excellent condition. Very central location, in the heart of Avenidas Novas, a stone's throw from “El Corte Inglês” the largest and most exclusive department store in Lisbon, the “Conde Valbom" and “Duque de Ávila” Avenues, and less than 3 minutes' walk from Saldanha and São Sebastião subway stations. Don't miss the opportunity to invest in an excellent real estate asset in a prime location in the city of Lisbon. Book your visit now! #ref: 123357
ATTENTION INVESTORS - Shop with excellent YIELD! Located in Avenidas Novas, one of the most prestigious areas of Lisbon, excellent store for investment. The lease is currently in force and valid until November 2029, ensuring a net return of 6.09% until May 2027 and 7.02% thereafter. This is an excellent property asset, with guaranteed profitability, located on one of Lisbon's main avenues, with a strong commercial component and high potential for appreciation in the medium and long term. Located in Avenida João Crisóstomo, it has a total area of forty-nine square meters and a generously-sized shop window. It can be adapted to any line of business, except catering, as it does not have a smoke exit. Main characteristics of the store: - Total area: 49.00 square meters - Shop window dimensions (WxH): 3.50 x 1.75 meters - Bathrooms: 1 - Ceiling height: 3.45 meters The plumbing was completely replaced in 2021 and has water and sewage connections at various points in the store. The electrical system was overhauled at the same time and has built-in lighting with LED bulbs. The floor is laminate vinyl and is in excellent condition. Very central location, in the heart of Avenidas Novas, a stone's throw from “El Corte Inglês” the largest and most exclusive department store in Lisbon, the “Conde Valbom" and “Duque de Ávila” Avenues, and less than 3 minutes' walk from Saldanha and São Sebastião subway stations. Don't miss the opportunity to invest in an excellent real estate asset in a prime location in the city of Lisbon. Book your visit now! #ref: 123357
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Currency Exchange
Lisboa, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £308,963 | £322,294 | £13,331 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £308,963 |
| Maximum cost in the last six months | £322,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,331 |
Lisboa, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £308,963 | £322,294 | £13,331 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £308,963 |
| Maximum cost in the last six months | £322,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,331 |
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 £13,331 more.
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