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490 000 €
Building in Póvoa de Santo Adrião e Olival Basto, Odivelas
Odivelas, LisboaBuilding in Póvoa de Santo Adrião e Olival Basto with 256 m²
256 m²
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Building for sale
Income-Generating Building with 7 Rented Units in Olival de Basto An excellent opportunity for investors seeking a property asset that generates income from day one while offering potential for future appreciation. Located in Vila Amália, Olival de Basto, this freehold building comprises three commercial premises and four residential units, totalling seven independently used units. All units are currently rented, generating an annual income of €26,100 and an approximate gross yield of 5.3%. 📍 Strategic location - Approximately a 5-minute walk from Senhor Roubado Metro Station - Easy access to Lisbon and the main road networks - Close to shops, services and public transport - Established area with strong residential and commercial demand 🏠 Property layout Commercial premises: - Unit 1 – Carpentry workshop: 27.50 m² of gross private area - Unit 2 – Mobile phone shop: 9.28 m² of gross private area - Unit 3 – Mini-market: 83.48 m² of gross private area Residential units: - Ground Floor 1: 19.47 m² of gross private area - Ground Floor 2: 30.65 m² of gross private area - Ground Floor 3: 41.08 m² of gross private area - Ground Floor 4: 44.54 m² of gross private area The property is set on a 402 m² plot, with a building footprint of 256 m² and 146 m² of outdoor area. The combined gross private area of the seven units is 256 m². 📈 Appreciation potential In addition to the income generated by the existing tenancy agreements, a future legal reorganisation of the property may be considered, including its possible conversion into separate individual units under a condominium ownership structure. Any changes will be subject to verification of compliance between the tax, land registry and planning records, as well as confirmation of their technical and legal feasibility and approval by the relevant authorities. 🔑 Key investment highlights - Seven units currently rented - Annual income of €26,100 - Approximate gross yield of 5.3% - Three commercial premises and four residential units - A balanced mix of commercial and residential use - 402 m² plot - Close to the Metro and Lisbon - Medium- and long-term appreciation potential A particularly attractive opportunity for investors seeking immediate income, a diversified tenant mix and potential for future growth. Contact me for further information about the tenancy agreements, to review the available documentation or to arrange a viewin
Details
Construction Year- -
Gross Area m²- -
ElevatorNo
Private Gross Area m²256
Living Area m²213
GarageNo
Total Lot Size m²- -
Price m²1 914 €
Floor- -
Location
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Origin Listing reference:id. KWPT-039187
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