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Investment Project With 7.7% Annual In..Investment Project With 7.7% Annual In.. - 2

Investment Project With 7.7% Annual In..

Location Europe › Portugal › Lisboa Date Added: 05.04.2017 at 23:19 Expiration Date: 17.02.2031 at 11:23 Page Views: 485 Listing ID 540943

Technical data

Purpose
Sale
Year of Construction
2000
Size of Property
450 m²

Description

This investment project involves purchase of a building of the Cultural Centre of Alges, that is rented to the Alges Municipality for more than 15 years. The building was renovated by the Municipality in 2016. Lease agreement guarantees monthly rent payments with annual yield of 7.7%. Investment is considered as the low-risk one due to the long-term contract with governmental structure.

Building consists of a reception zone, 3 working cabinets and 12 studios. The studios are equipped for classes of music, dance, art, painting and sport. Total area of the building is 450 m2.

Oeiras is a town that is located between Lisbon and Cascais around a small bay of the Tagus estuary. With area of only 46 square kilometers , the municipality is considered the most rich and developed in the Iberian Peninsula.Large number of parks, gardens and beaches makes Oeiras an ideal area for those who like open air activities and sports . Pleasant maritime climate also contributes to great quality of life of those who live here.
Among places for leisure there is a promenade , a sports complex of Jamor , an ocean pool , Marina of Oeiras , an equestrian center , in addition to the various palaces, restaurants and gyms.

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