This apartment is located in front of the SAMS Hospital, in the center of Olivais, a quiet residential district of Lisbon, with ample green spaces, with diversity of traditional commerce, two shopping centres, restaurants, services and public transports and with excellent access to the road network of the city of Lisbon and of the country.
From Olivais it is possible to reach Lisbon city centre, by car, in less than 20 minutes.
Some of the relevant points of attraction and reference located within a distance of 3 kms from the apartment include: Lisbon International Airport, Spacio Shopping Centre, Oriente station and transportation hub, Vasco da Gama Shopping Centre, CUF Descobertas Hospital, Lisbon Oceanarium, Lisbon International Fair and Vasco da Gama Bridge.
This apartment has an area of 134,5 m�. It is a 4 bedrooms apartment converted into a 5 bedrooms apartment with 5 ensuite bedrooms, 5 bathrooms, fully equipped kitchen and storage room. One of the rooms can be used as a living room. The apartment has air conditioning, double glazed windows, east and west sun exposure and offers panoramic views.
The apartment was renovated and the building is of good construction, has 2 lifts and has a common use terrace on the 8th floor.
This apartment is sold furnished, is located in a residential and quiet area of Lisbon, with panoramic views and with good accessibilit.This apartment is thought for an investor interested in exploring it in short term rental, student rental or even in long term rental. For permanent housing the apartment may need additional adaptations.
Currently the flat is being operated in the following mode:
Monthly income from the 5 rooms:
450�x3 + 480�x2 = 2,310�
Annual Income = MI x 12 = 27,720
*Cross Yield = 27,720/515,000 = 5.38%.
Estimated monthly expenditure:
Electricity = 250�
Water = 100�
Internet = 40�
Fortnightly cleaning x 2 = 50�
Maintenance = 100�
Condominium fee = 70�
Monthly TOTAL = 610�
Total annual expenditure = 610 x 12 = 7,320�
Net Annual Revenues = 27,720-7,320=20,400�
*Net Yield = 20,400/515,000 = 3.96%.