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119 000 €
Store in Faro (Sé e São Pedro), Faro
Faro, FaroStore in Faro (Sé e São Pedro) with 53 m²
53 m²
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Store for sale
Leased Commercial Unit in Faro City Centre - Rental Income with Growth Potential Price: €119,000 / Immediate Rental Income with Potential to Increase Yield to 5% An excellent investment opportunity in the heart of Faro, in a prime location next to the Municipal Market, within an established area offering a wide range of shops, services and daily foot traffic. The commercial unit is currently leased, providing the future owner with an immediate rental income and an approximate gross annual rental yield of 4.5%. There is also potential to increase the rental yield to approximately 5% by adjusting the monthly rent, an option that has already been communicated to the current tenant. Its central location, in an area with strong commercial and residential activity, is a significant advantage, offering both income stability and the potential for the property to appreciate in value over the medium to long term. Investment Highlights Prime central location, next to Faro Municipal Market; Currently leased, providing immediate rental income; Current gross annual rental yield of approximately 4.5%; Potential to increase the rental yield to around 5% or higher; Potential for capital appreciation over the medium to long term. An excellent opportunity for investors seeking a property investment that offers immediate rental income, growth potential and a strategic location in the centre of Faro. Contact us for further information about the property and the lease terms.
Details
Construction Year- -
Gross Area m²53
ElevatorNo
Private Gross Area m²53
Living Area m²53
GarageNo
Total Lot Size m²- -
Price m²2 245 €
Floor- -
Location
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Additional link:https://www.goldenproperties.pt/imovel/26883640
Origin Listing reference:id. GA-10275
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