Located in the residential area of Chiado, one of Lisbon's most exclusive neighbourhoods, Misericórdia 116 has been completely renovated and is within walking distance of Lisbon's best restaurants, as well as famous museums, public transportation links, designer boutiques and historic buildings.
There are 18 apartments for sale in total in this residential building, blending tradition with modern touches making this a unique investment opportunity. This development has been such a success that only two are remaining for sale and delivered fully furnished.
Misericórdia 116 has preserved original features and offers contemporary interiors with maximum comfort and privacy.
The 1 & 3 bedroom apartments, all furnished, enjoy a spacious living room and an equipped kitchen. The properties for sale are 94 & 130 sqm respectively, with high quality finishes such as marble countertops, wooden flooring and white ceramic. The one bedroom apartment include one parking space while the three bedroom apartment have 2 parking spaces as well as a large outdoor space, a real perk in Lisbon.
Those remaining apartments benefit from a guaranteed gross rental yield of 4% for the first 6 years, after which the lease can be renewed. Maintenance costs, condominium charges and insurance are all taken care of by the developers, enabling the future owner to invest in a hassle free property.
Set 500m from famous Rua Garrett where all the international designer boutiques are, the building benefits from an ideal location for short or long term rental with great potential for capital appreciation, making this an incredible opportunity to rent out.