Rented Store in the Center of Faro
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- Property typeShop
- Sale € 119.000
- Area53 m²
- StatusUsed
- CountyFaro
- TownFaro
- ParishFaro (Sé e São Pedro)
- REFCY-GA-10275
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1
53 m²
53 m²
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A
Description
Leased Commercial Unit in Faro City Centre - Rental Income with Growth Potential
Price: €119,000 / Immediate Rental Income with Potential to Increase Yield to 5%
An excellent investment opportunity in the heart of Faro, in a prime location next to the Municipal Market, within an established area offering a wide range of shops, services and daily foot traffic.
The commercial unit is currently leased, providing the future owner with an immediate rental income and an approximate gross annual rental yield of 4.5%.
There is also potential to increase the rental yield to approximately 5% by adjusting the monthly rent, an option that has already been communicated to the current tenant.
Its central location, in an area with strong commercial and residential activity, is a significant advantage, offering both income stability and the potential for the property to appreciate in value over the medium to long term.
Investment Highlights
Prime central location, next to Faro Municipal Market;
Currently leased, providing immediate rental income;
Current gross annual rental yield of approximately 4.5%;
Potential to increase the rental yield to around 5% or higher;
Potential for capital appreciation over the medium to long term.
An excellent opportunity for investors seeking a property investment that offers immediate rental income, growth potential and a strategic location in the centre of Faro.
Contact us for further information about the property and the lease terms.
Price: €119,000 / Immediate Rental Income with Potential to Increase Yield to 5%
An excellent investment opportunity in the heart of Faro, in a prime location next to the Municipal Market, within an established area offering a wide range of shops, services and daily foot traffic.
The commercial unit is currently leased, providing the future owner with an immediate rental income and an approximate gross annual rental yield of 4.5%.
There is also potential to increase the rental yield to approximately 5% by adjusting the monthly rent, an option that has already been communicated to the current tenant.
Its central location, in an area with strong commercial and residential activity, is a significant advantage, offering both income stability and the potential for the property to appreciate in value over the medium to long term.
Investment Highlights
Prime central location, next to Faro Municipal Market;
Currently leased, providing immediate rental income;
Current gross annual rental yield of approximately 4.5%;
Potential to increase the rental yield to around 5% or higher;
Potential for capital appreciation over the medium to long term.
An excellent opportunity for investors seeking a property investment that offers immediate rental income, growth potential and a strategic location in the centre of Faro.
Contact us for further information about the property and the lease terms.
Location
União das Freguesias de Faro (Sé e São Pedro), Faro, Faro (Algarve)
