Building in Elvas with virtual tour

INCOME-PRODUCING BUILDING FOR SALE 

INCOME FROM DAY ONE 

INCOME-PRODUCING RESIDENTIAL ASSET 

HISTORIC CENTRE OF ELVAS 

CURRENT GROSS YIELD ABOVE 8% 

 In a market where real estate assets capable of combining effective income, current
occupancy and potential for capital appreciation are becoming increasingly
relevant, we present an investment opportunity in the heart of the Historic
Centre of Elvas, within the area classified as a UNESCO World Heritage Site. 

The property comprises an entire building under single ownership, arranged over 3
floors and consisting of 8 studio and one-bedroom apartments, all currently
fully let and operated for residential purposes. 

The asset is fully operational and already generating income, allowing the future owner
to benefit from revenue from the moment of acquisition, without the need to
place the individual units on the rental market from scratch. 

The current operation provides a gross yield above 8%, positioning the property as a
particularly attractive proposition for investors seeking to combine immediate
income, diversification across multiple residential units and potential for
long-term capital appreciation. 

The current rental model is based on short- and medium-term residential tenancy agreements, allowing for dynamic management of occupancy and contractual conditions while naturally adapting to the evolution of the local rental market. 

 All apartments are prepared for residential use and feature an equipped kitchen,
full bathroom, furnished living and sleeping areas, air conditioning and
double-glazed windows. 

 With approximately 201 m² of residential area distributed across the eight
apartments, the building also includes storage space and a terrace of approximately 30 m². 

 A configuration that brings together, within a single asset, current income,
multiple income-generating units and different possibilities for future
evolution. 

ONE ASSET, FOUR PATHS TO VALUE CREATION.  

The value of this property extends beyond its current income. 

Its configuration allows different operating and value-enhancement strategies to be
considered, depending on the investor’s objectives, market developments and, at
all times, the applicable legal, technical and planning framework. 

 

I.Residential Letting 

Maintain the existing operation, which is already established and income-generating,
while progressively adapting to market developments and contractual conditions. 

 

II. Tourist Accommodation 

Assess the partial or full use of the building for tourist accommodation, provided that
the applicable legislation, municipal regulations and licensing requirements
allow for such use. 

III.mSmall-Scale Accommodation Concept 

Consider a potential conversion of the property into a differentiated, small-scale
accommodation concept, subject to the necessary technical, economic, planning
and administrative assessment. 

IV. Condominium Ownership and Individual Sale of Units 

Assess the potential establishment of condominium ownership and the subsequent individual sale of the respective units, provided that all necessary legal, technical and
planning requirements are met. 

INCOME TODAY, FLEXIBILITY FOR THE FUTURE. 

Acquiring the property does not require the investor to define a single strategy today. 

Part of its value lies precisely in the possibility of maintaining the existing operation
or adapting the asset, at the appropriate time, to the investor’s strategy and
to market developments. 

A LOCATION WITH IDENTITY 

Situated just a few metres from Praça da República, in the heart of the Historic Centre
of Elvas, the property benefits from immediate walking access to shops,
restaurants, services, cultural amenities and parking. 

 

Its location also benefits from Elvas’ strategic position close to the Spanish
border, with road connections to Badajoz, Campo Maior, Portalegre, Évora and
Lisbon. 

The Historic Centre of Elvas forms part of the ensemble classified as a UNESCO
World Heritage Site since 2012, adding a location with strong identity,
historical relevance and international recognition to the asset. 

KEY HIGHLIGHTS 

✔ Entire building under single
ownership | 3 floors 

✔ 8 studio and one-bedroom apartments 

✔ 100% current occupancy 

✔ Income from day one 

✔ Current gross yield above 8% 

✔ Established residential rental
operation 

✔ Multiple income-generating units 

✔ Different potential strategies for
future value creation 

✔ Equipped and furnished apartments 

✔ Air conditioning in all apartments 

✔ Double-glazed windows 

✔ Approximately 201 m² of residential
area 

✔ Storage space 

✔ Terrace of approximately 30 m² 

✔ Historic Centre of Elvas 

✔ Just a few metres from Praça da
República 

✔ Located within the area classified as a UNESCO World Heritage Site 

 

AN ASSET THAT ALREADY PERFORMS, A STRATEGY THAT CAN EVOLVE. 

More than simply acquiring a building, this is an opportunity to acquire an already
operational residential asset, fully occupied and generating income from the
outset. 

The distinction lies in the combination of what the property already offers today
and the possibilities it may allow investors to consider in the future. 

Immediate income – Diversification across eight units – Historic location – Strategic
flexibility. 

A proposition of particular relevance to investors who value real estate income,
autonomy in defining their future strategy and potential for capital
appreciation within a single asset. 

For further information about the property, the current operation, available documentation or to arrange a viewing, please contact us. 

The information provided is subject to confirmation and is not legally binding