Located on the escarpment of Sao Nicolau in Setubal, a spacious and attractive 3-bedroom apartment with panoramic views over the Sado Bay and Setubal. Originally built in 2004, the apartment has been maintained to a high standard by the owner. It has a total area of 128.5 m2, plus a secure underground garage space and a large basement storeroom.
In a corner position, facing South and West, the apartment enjoys abundant natural light throughout the day. The Living Room / Dining Room of 32 m2 has a large adjoining terrace measuring 12 m2, with spectacular views over the Jardim Camilo Castelo Branco to the Sado Bay and the downtown area of Setubal.
The large fitted kitchen of 17 m2 also has views of downtown Setubal, a storeroom / larder, and a terrace of 5.51 m2.
The 3 double bedrooms all have substantial built-in wardrobes. The main bedroom at the front of the apartment measures 20.16 m2, and has spectacular views of the Sado Bay and Troia Peninsula. The other 2 bedrooms of 16.56 m2 and 14.19 m2 both have a terrace of 4 - 5 m2, with partial sea and city views.
There are 2 bathrooms, one with a shower, and the other with a jacuzzi bath.
The apartment has central heating, with radiators in all rooms, electric blinds in all rooms, and central vacuum cleaning.
Throughout the apartment the floors are composed of ceramic tiles, and are in very good condition.
The apartment has a video-entry system, and the use of 2 elevators.
In the basement, there is a secure reserved parking space, and a large storeroom.
The Condominio Charge is Euros 61.50 per month.
The Asking Price includes most of the furniture and all of the kitchen equipment.
The apartment is conveniently located for the Setubal bus station and Setubal railway station, with regular buses and trains to Lisbon. The shops and restaurants of Avenida Luisa Todi, and the ferries to Troia, are only a short walk away through Jardim Camilo Castelo Branco, and 2 supermarkets, a pharmacy and a post office are also within easy walking distance.
For investors, the apartment would be ideal for rental to either Portuguese residents or to tourists, with the potential to earn more than Euros 3,000 per month during the summer months. Rental prospects are excellent in the growing Setubal market, and should receive a further boost when the proposed airport in Montijo begins operations in 2022, as it is only 37 kms from Setubal and is connected by the existing A12 motorway. Setubal is also only 48 kms from Lisbon, with regular train and bus services connecting the two cities.
Setubal is a city of more than 100,000 inhabitants, with a proud maritime history. It is located on the beautiful Sado Bay, which opens on to the Atlantic Ocean, and is home to pods of dolphins – Setubal’s emblem. It enjoys some of the best beaches in Portugal along the Arrabida coast, and is connected by ferry to the upmarket resorts of Troia and Comporta. The area is renowned not only for its seafood, but also for wines (especially the renowned Moscatel de Setubal), cheeses and fruit.