Retail investment - Odivelas
Located just north of Lisbon, this petrol station for sale enjoys a strategic location just 13 minutes’ drive from Portugal’s principal airport which welcomed over 31.1m passengers in 2019, registering a 7.9% increase on the previous year.
Retail investment
Spanning 1,576 sqm, this petrol station is let to an internationally renowned petroleum company since 2017, this commercial property for sale has 17 years left of its 20-year lease. Well-positioned and with an annual rent of €60,100 (+ VAT), this petrol station represents a sound retail investment with a gross annual yield of 6.5%.
- Price: offers in excess of €940,000
- 20-year lease agreement, signed in 2017
- Gross yield: 6.5%
- Strategic location: between Lisbon’s airport & Lisbon’s city
Location
Just 10km north of Lisbon, Odivelas is located in the Lisbon metropolitan area and has a population of 54,624 inhabitants. This commercial property for sale in Portugal is 13 minutes’ drive from Lisbon airport which is the 20th busiest airport in Europe and employs over 3,000 members of staff. In 2019, the Portuguese government announced plans to invest €1.1bn in expanding the airport so it can accommodate up to 50 million visitors a year.
This petrol station sees high foot and vehicle traffic and is surrounded by major multinational brands.
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David Moura-George
Managing Director, Portugal