£62,000
Studio for saleStudio Apartment, Sal Rei, Boa Vista
About this property
An attractive opportunity to purchase an investment property within the Oasis White Hotel, Boa Vista, offered for sale at €62,000.
The property is part of the hotel's rental pool and benefits from an existing 10-year rental agreement.
Under the agreement, the annual rental return is calculated at 5% of the property's original purchase price of €70,000. Importantly, this calculation remains based on the original €70,000 purchase price following the sale.
This provides the new owner with an annual rental income of €3,500, which, based on the current asking price of €62,000, represents an effective gross yield of approximately 5.8% per annum.
The property is owned free and clear with no outstanding debt and offers a straightforward, professionally managed investment opportunity in Boa Vista.
Asking Price: €62,000
Annual Rental Income: €3,500
Effective Gross Yield at Asking Price: Approx. 5.8%
Rental Agreement: 10 years
Details of the rental agreement and its remaining term will be provided to prospective purchasers.
The property is part of the hotel's rental pool and benefits from an existing 10-year rental agreement.
Under the agreement, the annual rental return is calculated at 5% of the property's original purchase price of €70,000. Importantly, this calculation remains based on the original €70,000 purchase price following the sale.
This provides the new owner with an annual rental income of €3,500, which, based on the current asking price of €62,000, represents an effective gross yield of approximately 5.8% per annum.
The property is owned free and clear with no outstanding debt and offers a straightforward, professionally managed investment opportunity in Boa Vista.
Asking Price: €62,000
Annual Rental Income: €3,500
Effective Gross Yield at Asking Price: Approx. 5.8%
Rental Agreement: 10 years
Details of the rental agreement and its remaining term will be provided to prospective purchasers.
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