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469 000 €
Building in Assunção, Ajuda, Salvador e Santo Ildefonso, Elvas
Elvas, PortalegreBuilding in Assunção, Ajuda, Salvador e Santo Ildefonso with multimedia
196 m²
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Building for sale
INCOME-PRODUCING BUILDING FOR SALE INCOME FROM DAY ONE INCOME-PRODUCING RESIDENTIAL ASSET HISTORIC CENTRE OF ELVAS CURRENT GROSS YIELD ABOVE 8% In a market where real estate assets capable of combining effective income, current occupancy and potential for capital appreciation are becoming increasingly relevant, we present an investment opportunity in the heart of the Historic Centre of Elvas, within the area classified as a UNESCO World Heritage Site. The property comprises an entire building under single ownership, arranged over 3 floors and consisting of 8 studio and one-bedroom apartments, all currently fully let and operated for residential purposes. The asset is fully operational and already generating income, allowing the future owner to benefit from revenue from the moment of acquisition, without the need to place the individual units on the rental market from scratch. The current operation provides a gross yield above 8%, positioning the property as a particularly attractive proposition for investors seeking to combine immediate income, diversification across multiple residential units and potential for long-term capital appreciation. The current rental model is based on short- and medium-term residential tenancy agreements, allowing for dynamic management of occupancy and contractual conditions while naturally adapting to the evolution of the local rental market. All apartments are prepared for residential use and feature an equipped kitchen, full bathroom, furnished living and sleeping areas, air conditioning and double-glazed windows. With approximately 201 m² of residential area distributed across the eight apartments, the building also includes storage space and a terrace of approximately 30 m². A configuration that brings together, within a single asset, current income, multiple income-generating units and different possibilities for future evolution. ONE ASSET, FOUR PATHS TO VALUE CREATION. The value of this property extends beyond its current income. Its configuration allows different operating and value-enhancement strategies to be considered, depending on the investor’s objectives, market developments and, at all times, the applicable legal, technical and planning framework. I.Residential Letting Maintain the existing operation, which is already established and income-generating, while progressively adapting to market developments and contractual conditions. II. Tourist Accommodation Assess the partial or full use of the building for tourist accommodation, provided that the applicable legislation, municipal regulations and licensing requirements allow for such use. III.mSmall-Scale Accommodation Concept Consider a potential conversion of the property into a differentiated, small-scale accommodation concept, subject to the necessary technical, economic, planning and administrative assessment. IV. Condominium Ownership and Individual Sale of Units Assess the potential establishment of condominium ownership and the subsequent individual sale of the respective units, provided that all necessary legal, technical and planning requirements are met. INCOME TODAY, FLEXIBILITY FOR THE FUTURE. Acquiring the property does not require the investor to define a single strategy today. Part of its value lies precisely in the possibility of maintaining the existing operation or adapting the asset, at the appropriate time, to the investor’s strategy and to market developments. A LOCATION WITH IDENTITY Situated just a few metres from Praça da República, in the heart of the Historic Centre of Elvas, the property benefits from immediate walking access to shops, restaurants, services, cultural amenities and parking. Its location also benefits from Elvas’ strategic position close to the Spanish border, with road connections to Badajoz, Campo Maior, Portalegre, Évora and Lisbon. The Historic Centre of Elvas forms part of the ensemble classified as a UNESCO World Heritage Site since 2012, adding a location with strong identity, historical relevance and international recognition to the asset. KEY HIGHLIGHTS ✔ Entire building under single ownership | 3 floors ✔ 8 studio and one-bedroom apartments ✔ 100% current occupancy ✔ Income from day one ✔ Current gross yield above 8% ✔ Established residential rental operation ✔ Multiple income-generating units ✔ Different potential strategies for future value creation ✔ Equipped and furnished apartments ✔ Air conditioning in all apartments ✔ Double-glazed windows ✔ Approximately 201 m² of residential area ✔ Storage space ✔ Terrace of approximately 30 m² ✔ Historic Centre of Elvas ✔ Just a few metres from Praça da República ✔ Located within the area classified as a UNESCO World Heritage Site AN ASSET THAT ALREADY PERFORMS, A STRATEGY THAT CAN EVOLVE. More than simply acquiring a building, this is an opportunity to acquire an already operational residential asset,
Details
Construction Year1950
Gross Area m²196
ElevatorNo
Private Gross Area m²196
Living Area m²176
GarageNo
Total Lot Size m²141
Price m²2 392 €
Floor- -
Location
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Additional link:https://remax.pt/121021588-2
Origin Listing reference:id. 121021588-2
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