This building, only 2 steps away from the main square in Tomar, is the perfect opportunity for anyone looking to invest in a property that would be perfect for the rental market.
The property is set over the two floors and has in total four apartments. Some of the apartments are already rented out and the others need some work doing on them to get them up to rental spec. The ones that are rented out at the moment, are making from €200-€250 per calendar month. Obviously if you were to modernise the apartments, you could get a little bit more per month.
To the back of the building, there is a large patio area that is shared between the four apartments. This space is quite rare to have as it’s a really good size. There are still some storage rooms in the basement which could either be left as they are or could be separated and each apartment could have access to their own one.
The paperwork is also in order if you were to renovate the apartments that are empty, you could sell them.
The property is only a 2 minute walk into town, as mentioned before. Tomar, which is home to the UNESCO listed Convento do Cristo, is a bustling market town with a variety of supermarkets, shops, cafes, restaurants, bars, banks, health centres, hospitals, schools, bus and train station and university. The property is also only a short drive from Castelo do Bode Lake, which is popular for all kinds of water sport activities.
The closest airport to the property is situated at Lisbon, which is around one and a half hours’ by car. Lisbon airport is serviced by a variety of low cost airlines, which operate regular flights into and out of the United Kingdom and other European countries.
- Price: €120,000
- Ref. no.: 1006/17
- Location: Tomar
- Detail: Apartment block
- Plot area: 231
- Status: For sale