This modern, newly constructed Commercial property is located in an outlying area of Lisbon, within close proximity to three hospitals, major highway routes, the airport and university.
Features
Size - 538sqm
Price - €1,400,000
Expected Yields - 5,8%
Rental Income
€6,800 / month
**Rental increase in line with inflation as per Portuguese law
Lease Contract
- Contract is 25 years and began in 2012
- 1 year left of guaranteed lease (renewed / extended every 5 years)
- Lease can be renegotiated upon sale
- Reputable national tenant
Additional Costs
- Property monthly costs of maintenance (condominium, water, electricity etc) are the tentants responsibility
- Real Estate Municipal Tax (IMI) of €2,445 per annum is payable by owner