House for sale in Ponta Delgada, Portugal

Building located in the Historic Center of Ponta Delgada, on Rua Machado dos Santos, the road of more pedestrian traffic and higher commercial and service density in Ponta Delgada, located also less than 100 m from the Antero de Quental Secondary School and with a variety of different services within a radius of less than 50 m and with easy accessibility to public transport , whether urban or inter-urban buses, or taxi stations, as well as car parks. With a very attractive current rate of profitability and a low management effort, this property can be seen both as an option of immediate monetization as well as as as an urban requalification project, transforming the spaces that are now office spaces in several apartments of high quality and great centrality in the city of Ponta Delgada.The building consists of Ground Floor occupied with 4 shops and 1 service room , 2 upper floors with a total of 16 rooms individually rented for offices or service spaces of companies affected to various branches of activity, and a roof span floor where there are 2 apartments (one of typology T1 and the other of typology T1 +1). All these spaces are rented, and the leases are mostly short-term, renewable, and the average occupancy over the years has been around 100%, including during periods of greatest economic crisis, thus revealing the attractiveness of the building and especially its premium location. Structurally, the building is in good condition, having in recent years been the target of several interventions, such as installation of elevator or reinforcement of the structure, namely the roof, with metal frame, to provide it with better conditions of enjoyment and maintenance. Contact us to learn more about this investment opportunity (ref:C0276-01411)