Commercial historic building in Lisbon
Location: Calçada Ribeira Santos, 27-35, Lisboa
TRANSACTION DETAILS
Acquisition of 100% equity of the company with a 34Y lease for the operation of the entire building. Ongoing sublease, representing an gross yield of 8.5% within a renewed property located in a historic area with high demand and an AAA tenant. Upside of an under rehabilitation area of approx. 600 sqm
The building is a construction from the early 20th century, with a trapezoidal layout, covering an area of 310 sqm and designated for commercial use. The property has a gross building area of 1,205 sqm, consisting of 4 floors and an annex with two floors accessible through Páteo do Pinzaleiro, numbers 26 and 26-C (+600sqm).
✔ Long term deal
✔ AAA tenant
✔ Gross Annual rent: 298k (Gross Yield: 8,5%)
✔ Gross Annual rent: 298k (Net Yield: 6,3%)
✔ Renewed building + 600 sqm upside
💲 Asking Price: 3.500.000 Euros
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