Set in the trendy riverside of Santos, an area that is set for capital appreciation, this well-located office presents a lucrative opportunity for those looking to invest in Portugal’s thriving capital with yields of 4.69%. What’s more, this property is eligible for the Portuguese Golden Visa programme.
While Santos preserves its historical charm, it has also transformed into Lisbon's design hub in recent years. The area boasts cutting-edge creative schools like IADE, high-end decor stores and a remarkable collection of galleries.
Santos has undergone significant infrastructure development, particularly in transportation and public spaces. It is well-connected to the rest of Lisbon, with several bus and tram lines and a major train station serving regional and long-distance routes. From October 2024 onwards, a new metro station will be operational, further enhancing the area's centrality and appeal.
Set on the first floor of a building delivered in 2020, this office space comprises 106 sqm of internal space, a terrace and one underground parking space. The office features large corner windows, high ceilings of 4.42m and fitted storage.
One of the most attractive aspects of this investment is the impressive yield of 4.69%. The current lease agreement with Servànt Design Store guarantees a yearly rental income of €25,800. The existing lease term is set for 7 years, with an option to renew for a further 5 years.
What’s more, Santos will be welcoming a metro station in October 2024, making it even better connected to the rest of the city and boosting the desirability of commercial rentals in this area.
This a great investment opportunity for those looking to invest in one of the trendiest areas of Lisbon.
*Please note that the images used throughout are indicative or photographs of previous work from the same developer. Images may not be exactly representative of the property.
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