Investment Property / Mouraria Lisboa

6 Largo das Olarias
Investment property • 10 bed. • 8 bath. • 501 m²
GBP 940,871

INVESTMENT PROPERTY / GOLDEN VI

Tenant-free (vacant) buildings located in Santa Maria Maior parish in the heart of the typical Mouraria district one of the most touristic in Lisboa

3 minutes walking distance to Martim Moniz transportation hub. Subway - Trams - Buses.

7 min walking distance to the Baixa de Lisboa area and 10 min to the river

Within 200mts many different shops, restaurants, cafés 

Address: Largo das Olarias Nº 6 – 7 1100-376 Lisboa

Date of construction: 1810 - 1820

Total construction area: 501m2

Total living area: 476m2

Outside patio area 24m2

Common staircase area: 25m2

Residential building composed of 8 apartments on 4 floors in whole ownership but with municipal permit to register 8 individualized housing units

The top floors are attic type houses with drawn down ceilings

Common areas in good condition but most of the apartments need restoration work

Qualifies for 1 to 3 GOLDEN VISA if the building is individualized

Ground floor Right: 1 bedroom (60m2) full restoration required

Ground floor Left: 1 bedroom (57m2) full restoration required

1st floor Right: 2 bedrooms (54m2) + terrace (26m2) full restoration required

1st floor Left: 1 bedroom (54m2) upgrade required

2st floor Right: 1 bedroom (57m2) Very good condition/restored new (rented €700/month until June 2021)

2st floor Left: 1 bedroom (57m2) upgrade required

3rd floor Right: 1 bedroom (54m2) good condition (rented €650/month until June 2021)

3rd floor Left: 1 bedroom (57m2) full restoration required

Common staircase area: (25m2) Very good condition/restored to new

Building Façade: Good condition

Roof: full restoration required 

8 flats fully restored will return rents of +/- €5.500/month in the traditional rental market or €8.500/month in the short term rental market

Restoration does not require municipal permits.

Due to the historic location if the restoration is done with municipal permits then several tax benefits will apply.

Namely:

1st 5 year property tax exemption

2nd 5% capital gains tax

3rd Lowered rental income tax

4th Exemption of property sale tax on 1st transmission

SALE PRICE

€1.098.000

Spaces

Bedrooms10
Bathrooms8

Surfaces

Living501 m²
Land179 m²

6 Largo das Olarias, Lisbon

TypeBuilding
Construction year1810
Energy efficiency rating
D