READ THE DESCRIPTION CAREFULLY
Two properties sold toghether. (Loft I+F)
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Loft I
On the last 5th floor, there is a fraction with 308sqm, 3,50m height and 42m of windows overlooking the river "Mar da Prata", in a building of warehouses and offices, in Braço de Prata, in front of the old "Fábrica da Tabaqueira" and the new residential and commercial venture Prata Riverside Village, from VIC properties.
Formerly a bank building for office space and check clearing and archiving activities.
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Loft F
A fraction contiguous with the Loft I, with 1,181.29m², height between 3,50m and 3,90m, with 4 skylights with about 12m² each distributed by the space, with an upper mezzanine floor, storage and loft.- The building has 2 entrances, with elevator and freight elevator each. An entrance in front of the river with public parking (free) and the back entrance with bus stop at the door and 200m from the train station of the Sintra Line with connection to the stations Gare do Oriente (new town), Sta. Apolónia (old town) and Entre-campos (hub center).
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Property acquired with leasing in 2016, investments in its total recovery with own capital, creating the infrastructure for the serviced offices,, coworking business and warehouse, being the spaces currently in phase 1 (with the coworking business).
- In phase 2 the projected potential is for 183 jobs 362K€/year
- Yield 8.4%, current profitability reduced, 100K€/year
- Yield 2,32%. Properties suitable for Golden-Visa, for their age and area ARU, acquiring in co-ownership for each GV-500K€. Loft I has an encumbrance of 340K€ and Loft F has an encumbrance of 129K€ in leasing contracts.
Phase 2 project in 2024 (plans and 3D in the contents):
- A. Interior:
1. Floor on raised (0,50m) level due to the river view in loft I
2. Fenestrations (4x in the 3 spaces) facing the gable of the building.
3. Offices with glass partitions or glass curtains.
4. Increase in the number of restrooms in the 2 lofts
- B. Exterior:
1. Roof-top on top of the current elevator shaft, with south tejo view accessible to the whole condominium.
2. Private Roof-top of the lofts, with direct exit from the mezzanine of loft F, also functioning as an emergency exit, connecting to the south stairs of the building, through a passage in metallic structures, over the roof tiles.
3. Modification of spaces in the backstage and creation of restrooms, next to the exit to the private Roof-top .
4. Modification of the entrance doors and Halls, North and South, for a less industrial Image.
The 2 properties have underlying in its sale improvements with works in progress. Being subject to discussion and inclusion in the price presented or not. The price of 2 independent fractions sold together, with improvements works Phase 2 is 4.300.000€.
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For further information pleas contact me.
Rui Bravo
+351966267776
rui.bravo@kwportugal.pt