€1,270,000

Multi Family for sale Setúbal
Property photo number 1 of 16 Photos for Property. File 102884380_1328_deba228add0f08ac89d59a43e9bb5908.jpeg

Overview

SUMMARY: Discover an opportunity with this Setúbal multi family for sale and available for €1,270,000. This could be your next ideal home or a smart investment. More details await.

In the heart of Setúbals downtown area, this distinctive building is located close to some of the citys most prominent landmarks, such as Praça do Bocage and Avenida Luísa Todi. This property, with approximately 700 sqm of gross private area,

features a traditional architectural style and well-preserved façades. It comprises three floors and a total of eight independent units: six designated for residential use (642 sqm) and two for commercial use (60 sqm). On the ground floor, there are two retail units currently leased to a travel agency, with a combined area of approximately 60 sqm. This level also includes two residential units, one vacant with 106 sqm and another leased with 60 sqm. The first and second floors each consist of two units (119 sqm per unit), all of which are currently under active lease agreements. This property offers solid and proven profitability, making it a genuine business and investment opportunity. It represents the perfect balance between its premium, highly sought-after location and the guaranteed return provided by the existing lease agreements in place. It is also worth highlighting that the city of Setúbal, framed by the blue waters of its beaches and the green landscape of the unique Arrábida Natural Park, is renowned for its gastronomy, excellent beaches, and strong cultural identity. The city also offers local commerce, services, schools, and excellent access to Lisbon. An authentic and growing city, ideal for living, investing, and adding value.

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Details

  • Beds: 0
  • Baths: 0
  • Price: €1,270,000
  • Reference No.: 120611448-116
  • Year Built: 1989

Location

Marketed by:

  • RE/MAX EXPOGROUP
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