Passos Manuel, Arroios, Lisbon | Athena Advisers

Arroios Passos Manuel

Studio - 1 Bedroom
350000 - 490000

View available properties

Golden Visa aprtments for sale in Lisbon with modern interiors (6).jpg

Passos Manuel offers a Golden Visa-eligible commercial property for €350,000, ideal for investors looking for a lower entry price and simple ongoing asset management.

An investment-focussed opportunity, this project best suits Golden Visa investors seeking a commercial hassle-free, asset-backed investment in the capital with no personal usage requirements. With complete rental and property management provided by a renowned German company called Numa, these apartments will generate guaranteed net annual yields of 3.5%+ over 15 years.

Golden Visa aprtments for sale in Lisbon with modern interiors (4).jpg
Golden Visa aprtments for sale in Lisbon with modern interiors (2).jpg

These Golden Visa-eligible properties are located in Arroiros, a central bairro that was recently named the world’s coolest neighbourhood by Time Out, and are steps away from trendy Intendente. Anjos metro station is only a three-minute walk away, and restaurants, shops, bars and more are on its doorstep, ensuring short-term rental appeal to an international market.

Golden Visa aprtments for sale in Lisbon with modern interiors (9).jpg
Golden Visa aprtments for sale in Lisbon with modern interiors (8).jpg

The properties

The apartments are located in a building over 30 years old that will be completely renovated; this means they are eligible for the Portuguese Golden Visa programme at the lower rate of €350,000. Opportunities like this are increasingly hard to come across in Lisbon, where residential Golden Visa investments have ended.

Ready to start generating income immediately upon delivery these studio and one-bedroom apartments come fully furnished and decorated in a contemporary style. The rentals and the upkeep of the properties will be completely taken care of and the rental yields you receive will be net of costs so there are no surprises or hidden charges.

Headquartered in Berlin, Numa manages 2,700+ rooms across 27 major cities throughout Europe. Offering fully automated guest journeys for 90% of their properties, Numa has 60% lower operating costs than traditional hotels and saw impressive occupancy rates of 85% throughout the Covid-19 pandemic. Numa has expansion plans on the horizon as, alongside property investment company LaSalle, it will be investing €500m in hotels in major European cities across the UK, Spain, the Netherlands and beyond.

Gallery
  • Golden Visa aprtments for sale in Lisbon with modern interiors (1).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (3).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (10).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (8).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (2).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (7).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (4).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (6).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (5).jpg
  • Golden Visa aprtments for sale in Lisbon with modern interiors (11).jpg
Previous
Next

Available properties.

Unit Type Bedrooms Interior sqm Outside space Floorplan Total price Interested
A Apartment Studio 33 Yes View / Download 350000
B Apartment Studio 31 Yes View / Download 350000
C Apartment Studio 32 Yes View / Download 350000
D Apartment Studio 41 Yes View / Download 350000
F Apartment Studio 34 Yes View / Download 350000
G Apartment Studio 32 Yes View / Download 350000
H Apartment Studio 30 Yes View / Download 350000
L Apartment Studio 31 Yes View / Download 350000
M Apartment Studio 33 Yes View / Download 350000
N Apartment Studio 33 Yes View / Download 350000
O Apartment Studio 32 Yes View / Download 350000
P Apartment Studio 30 Yes View / Download 350000
T Apartment Studio 31 Yes View / Download 350000
U Apartment Studio 30 Yes View / Download 350000
V Apartment Studio 30 Yes View / Download 350000
W Apartment Studio 32 Yes View / Download 350000
X Apartment Studio 33 Yes View / Download 350000
Y Apartment 1 60 Yes View / Download 400000
Z Apartment Studio 33 Yes View / Download 350000
AA Apartment Studio 32 Yes View / Download 350000
AB Apartment Studio 30 Yes 350000
AE Apartment 1 42 Yes View / Download 400000
AF Apartment Studio 31 Yes View / Download 350000
AG Apartment Studio 31 Yes View / Download 350000
AH Apartment Studio 31 Yes View / Download 350000
AI Apartment Studio 31 Yes View / Download 350000
AL Apartment Studio 33 Yes View / Download 350000
AM Apartment Studio 32 Yes View / Download 350000
AN Apartment Studio 30 Yes View / Download 350000
AQ Apartment 1 42 Yes View / Download 400000
AR Apartment Studio 31 Yes View / Download 350000
AS Apartment Studio 31 Yes View / Download 350000
AT Apartment Studio 31 Yes View / Download 350000
AU Apartment Studio 31 Yes View / Download 350000
AW Apartment 1 61 Yes View / Download 490000
AZ Apartment 1 42 Yes View / Download 400000
BG Apartment Studio 32 Yes View / Download 350000
BI Apartment 1 42 Yes View / Download 400000
BJ Apartment Studio 31 Yes 350000
BM Apartment Studio 31 Yes 350000
BN Apartment Studio 34 Yes View / Download 350000
BR Apartment Studio 31 Yes View / Download 350000
BS Apartment Studio 31 Yes View / Download 350000
Golden Visa aprtments for sale in Lisbon with modern interiors (3).jpg

Investment potential

These €350,000 Golden Visa properties are sold with a rental management agreement in place that guarantees a yield of 3.5% (net) for 15 years, on average. However, the rent will be updated in the fifth year according to the inflation index set by the Portuguese government, meaning that there is strong potential for growth. You will start receiving rental income, paid monthly, one month after the deed.

Though these freehold properties can be sold after six years, at which time you and your family will have received full Portuguese citizenship, we advise that you hold onto the apartment for the full 15 years as at the end of the term it will be possible to negotiate the lease, allowing you to benefit from stronger rental yields as well as capital appreciation, which we anticipate to be 5% per year.

Commercial real estate is not only an attractive and secure asset during both high and low market cycles, it can often outperform residential yields by more than 100% and it is also a great way to diversify an investment portfolio generating consistent long-term returns. Offering an extra layer of security, there are bank guarantees in place to cover unpaid rent for the first six months.

EXPERT OPINION

“Passos Manuel offers a Golden Visa-eligible commercial property for €350,000, ideal for investors looking for a lower entry price and simple ongoing asset management.”

Carlota Pelikan, Destination Adviser for Portugal

Golden Visa aprtments for sale in Lisbon with modern interiors (1).jpg

Interested in Passos Manuel?

Please fill out the form below and one of our property experts will get in contact.

Niamh Erbek
Niamh Erbek

Head Senior Adviser

Carlota Pelikan
Carlota Pelikan

Lisbon Adviser

Marta Salgado
Marta Salgado

Portugal Adviser