Commercial/office space for sale

Small building located in the historic area of the city in Santa Apolónia in the parish of Santa Engrácia, close to the Santa Apolónia train station, the National Pantheon, the Water Museum, the Castle of S. Jorge and close to all types of commerce, services and transport. Property description: Building with 4 floors, (without elevator), with improvements having been made to the building, namely, installation of an electrical column and installation of natural gas, consisting of 4 small apartments (one per floor) all of them already in horizontal property. R/C; T0 with 23m2 + 9m2 of outdoor balcony 1 ° floor ; T1 with 27m2 2nd Floor; T2 with 53m2 + 22m2 of patio 3rd Floor; T1 with 43m2 The ground floor and 1st floor are vacant and in the recovery phase. A work is underway with modern architecture that will be completed in December 2023; They will subsequently be placed on the rental market with an estimated income between 1,000 and 1,200 / month each. The 2nd Floor is rented with an "old rent", for life, worth 180/month; has a good size for the area and a excellent patio; the tenant is 75 years old. The 3rd Floor is rented for periods of 6 months renewable at an IPSS for 555/month (with annual increases stipulated in 15/month); You can cancel the contract at any time the 6-month renewal period ends. At this stage there is already a licensed and approved architecture/works project for the 2nd and 3rd Floor, but it is necessary to negotiate the exit with the tenant on the 2nd floor to move forward with her (the tenant is open to making an exit agreement or moving for the ground floor or 1st floor after works; the building has steep stairs and it is already very difficult to climb the stairs daily; the House hers is by far the one with the greatest potential). Performance: With the works on the ground floor and 1st floor, the building will provide an annual income of around 34,000, assuming: R/C (T0): 1,000 / month 1st Floor (T1): 1,100 / month 2nd Floor (T2): 180 / month 3rd Floor (T1): 555 / month If work progresses on the 2nd and 3rd floors, the rental values for these floors will certainly be much higher, based on reference values in the area, T2 can be rented for around 1,750 / month and T1 for around 1,300 / month Total interior area: 145m2 Total terrace/patio areas: 32m2 Possibility of joint sale of the building or fractions individually with values to be agreed. More information upon request.