Garage for sale in Óbidos

Investment with 12% Gross Yield | Package of 2 Leased Garages on the Same Floor | Óbidos An excellent real estate investment opportunity offering immediate, double-digit returns in the Western Region. Joint sale of two private garages located on the same floor in Amoreira / Vale de Janelas (Óbidos), marketed as a package for a total price of €30,000 (€15,000 each). Investment Highlights: 12.00% Annual Gross Yield: Both garages are currently leased at €150.00/month each, generating a combined total revenue of €300.00/month (€3,600/year). Low Fixed Costs: Low condo fees of approximately €14.00/month per garage (~€28/month total), ensuring a Net Yield (after condo fees) of ~10.88% per year. Active and Valid Contracts: Garage 1 (Unit CT): Contract active until December 15, 2026. Garage 2 (Unit CV): Contract active until February 28, 2027. Convenience and Simple Management: Located on the same floor, simplifying asset management. Virtually maintenance-free properties, with no costs for renovations, appliances, or residential wear and tear. Location and Context: Established Residential Area: Located in Vale de Janelas, Amoreira (Óbidos), an area with a shortage of covered parking and private storage space. Good Accessibility: Quick connections to major roadways (A8 and A15). Proximity: Just minutes from the historic center of the medieval town of Óbidos and a short distance from the Óbidos Lagoon and premier golf courses (such as the Praia D'El Rey Golf Course). Ideal for investors looking to diversify their portfolio with a liquid, secure asset that generates immediate passive cash flow.