8 Unit Building For Sale In Benfica, Lisbon

Investment opportunity: 10-unit refurbishment in Benfica, Lisbon

Calçada do Tojal, is an 8-unit building in an ARU (Urban Rehabilitation Area) with an approved project to add 2 more units within the existing structure, for 10 residential units in total. The project is licensed, so the next step is execution.

The scheme is built around T0 and T1 apartments, the typologies in shortest supply in the area. All ten units have outdoor space, with private yards or terraces in six and balconies in the other four. Two units are already let, generating rental income of €7,116.48 a year.

The acquisition qualifies for IMT exemption, worth €126,750. With estimated works of €550,000, the seller projects total sales of €3.5 million.

Benfica is a family-friendly residential neighbourhood with new shops and services. It is central, with good transport links, social facilities and direct motorway access.

Nearby:

Benfica train station: Sintra and Azambuja lines
Metro Blue Line: direct to Marquês de Pombal and Baixa-Chiado
Colombo Shopping Centre: 300+ stores, metro-connected
Estrada de Benfica: cafés, pastry shops and local commerce
Monsanto Forest Park and Lisbon Zoo