> Fully renovated duplex apartment in Chiado / Largo Luís de Camões, very well located at Lisbon's historical city centre yet sheltered from the bars and nightclubs areas. The apartment's rehabilitation was made with an optimum design to hold a 40 bed hostel. The apartment is easily adapted into 10 double rooms for short or long-term rental.
Chiado metro station in a 3min walking distance and several public underground parkings nearby.
The apartment is sold vacant and fully furnished, including the currently operating hostel business.
The apartment generates income with a yield of 6% and the hostel business has a 5-year return on investment.
Building with a totally new roof and in good structural conditions.
Feel free to contact me for more information about this great opportunity to acquire a real estate investment property with a fully operational business in one of the most valued locations in the historical center of Lisbon.