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   17
For Sale property id: 77824001
EUR 799,000
  • 6 bedrooms
  • 4 bathrooms
  • 199.9998064512 m²
  • Land Size
    64 m²
  • Completion Year
    1900

Description

Building in the center of Sintra, only a few minutes walk from several tourist spots, operating as local accommodation and producing high revenues. The building is divided into four floors with one apartment on each floor. On the ground floor a T1, on the first floor a T2, another T2 on the second floor and a studio in the attic. All apartments are fully equipped for the purpose of local accommodation. The property is currently in the final stage of the "horizontal property" process and the buyer will inherit this benefit which will appreciate the property even more. An excellent investment for anyone looking for medium to long term profitability. It has at this price a gross annual yield of around 10%. We expect the yield to increase even more in the short term with the increase of tourism in Sintra and the lack of accommodation offer (mainly in the summer). Fully transparent with current yields and revenue figures to any buyer.

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