Mix Use Building in Póvoa de Santo Adrião e Olival Basto

Overview

0-bedroom, 0-bathroom mix_use_building of 256 m², energy rating E. Located on rua Palmira Bastos, Póvoa de Santo Adrião e Olival Basto parish, Odivelas municipality, Lisbon district. Noteworthy Features: The property includes three commercially viable spaces that diversify income, situated just a short walk from Senhor Roubado Metro station, enhancing accessibility for tenants and customers. Investment Potential: This mixed-use building offers immediate cash flow with the possibility for legal reorganization to maximize future value. Overall Condition: While functional, the property presents opportunities for updates and modernization to further increase the income value.

Financial Summary

The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate.

Investment Thesis

Long-term rental The property is situated in a suburban area with a neighbourhood score of 78/100, suggesting a strong potential for stable long-term tenants due to access to metro amenities and proximity to Lisbon. Given the current condition rating of 54/100, there is room for improvements that can enhance rental appeal over time. Family rental With a sizable 256m² layout, the building can accommodate families looking for residential options in a well-rated neighbourhood, benefiting from public transport accessibility. This strategy aligns with the area's positive amenities and tenant quality, making it an attractive option for families seeking long-term housing solutions. Buy-and-hold The property's location in Póvoa de Santo Adrião e Olival Basto is promising, particularly with its neighbourhood rating suggesting a solid investment for long-term appreciation. Holding this asset over time may yield benefits as the region develops further, supported by its proximity to Lisbon and existing infrastructure. Not ideal for short-term vacation rental Due to the residential nature of the area and lack of distinctive tourist attractions, this property does not lend itself to short-term vacation rentals. The neighbourhood's ratings reflect a more stable demand for residents rather than visitors, detracting from the potential for this strategy. Not ideal for student housing The surrounding area may not be conducive to student housing, as there are limited local higher education institutions that would attract a student population. Additionally, the property’s features do not align with typical demands of student renters, making this strategy less viable. Not ideal for the luxury market The property's current condition and neighbourhood score indicate that it is not positioned for the luxury market segment. The focus on more affordable family and long-term rental options makes it unsuitable for high-end buyers or renters seeking luxury features.

Risks

Tenant turnover risk The combination of an Economic stability score of 75 and a Tenant stability score of 75 suggests a moderate risk of tenant turnover, which could impact rental income stability and costs associated with finding new tenants.

Run your numbers

Community

Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.

No posts yet for this property.