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The Best feature about this Building For SaleIn Lisbon is its location. It is near Saldanha, a quiet street with good sun exposure, inserted in the ARU – Urban Rehabilitation Area.
The proposal of this project aims at the complete rehabilitation of the building, solving the various structural problems. And lack of maintenance present. As well as improving the entire interior space.
However, the proposal involves the expansion of the building on a full floor and stolen waters, demolishing the existing roof, and remaking the interior structure.
However, the main building frontage does not change to the existing one, and its metric is replicated on the new upper floor.
The result of this change will be 8 new apartments, 2x T1 at the level of floors -1 and 0, and 6x T0 on the upper floors. The estimated annual yield of 5%.
Golden Visas in Portugal
As well as being a great opportunity for investment in property. The property currently offers a potential buyer an opportunity to apply for a Golden Visa in Portugal.
Although the government has signaled an imminent change. Acquisitions of property worth €500,000 or more still offer an option to apply for Schengen Visa rights for both the purchaser and their family. More details on applications for Golden Visas in Portugal are available here.
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Members of the KHI team speak English, Portuguese or Turkish. We have offices in Lisbon, Edinburgh, Bodrum, Istanbul, and Fethiye in south-west Turkey.
If you would like to arrange a viewing or see more properties for sale in the Lisbon area or if you would like one of our representatives to contact you in English, Portuguese or Turkish you can contact us here.
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