Sell: Commerce

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Property details

• District
  Setúbal
• County
  Almada
• Locality
  Costa da Caparica

• Area
  220 m²
• Build Year
  1982

• Price
  495.000 €
• Energy Rating
  C

• Property code
  PF-1217

Description

We present a highly profitable off-market product: a commercial space with three fronts and 32 linear meters of shop windows, located at the base of the iconic Torres das Argolas, the most emblematic building in Costa da Caparica.

Location of Excellence

Located next to the Tax Office and just 50 meters from the city's main bus terminal, the property is located in the area covered by the Costa da Caparica Requalification Project, which includes:

- New Costa da Caparica - Trafaria railway line;
- Construction of the new Costa da Caparica Health Center;
- New GNR facilities;
- Proximity to the Agro Parque Terras e do Mar, already under development.
- It also has a large free parking area around the tower.

Property Features:

- Total area: 220 m²
- Floor: Ground floor
- Three fronts / 32 meters of storefronts
- Two main entrances (front to the Bus Terminal and rear to the Finances)
- A toilet and an office
- Free parking area
- Inserted in the largest and best known building in Costa da Caparica

Current Situation and Profitability:

Currently leased and operating as Supermercado Amanhecer (the group's 13th store, linked to Recheio/Pingo Doce), the space guarantees an annual income of 25,850, with an annual update rate of 2%.

The contract is in the 3rd year of a maximum of 5 renewable years, ensuring immediate profitability between 5% and 6%.

Between October and December 2023, the space underwent a complete renovation and modernisation, not requiring any additional investment in works.

Conditions and Investment:

- Average market price in the area: 623,260 ( 2,833/m²)

- Sale price: 495,000 ( 2,250/m²)

- Significantly below the market average

- Initial Down Payment: 60%

- Remaining balance: 40%, negotiable, with the possibility of payment in phases up to 6 years

During the payment period, IMI, condominium fees and other expenses are the responsibility of the investor.

Highlights:

- Off-Market product with proven performance
- Strategic and valued location
- Safe investment with immediate profitability
- Modernized and fully functioning space
- Potential for appreciation with the new projects of Costa da Caparica

Net Price: 495.000
Current annual income: 25.850
Profitability: 5% - 6%
Location: Costa da Caparica, Almada - Setúbal

Contact us and schedule your visit.
The property can be visited during opening hours (9 am-8 pm), without the need for prior appointment, since the space is open to the public.