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Opportunity to purchase a mixed-use building for commercial and residential purpose in Portimao |
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| Situated in the enchanting Historic Zone of Portimão (ARU Zone), this mixed-use building (for commercial and for habitation purposes ) presents a unique investment proposition. Ideally positioned at the Portimão Town Hall Square and within 200 meters of the scenic riverside, the property features a stunning terrace with views of the Arade River. With a generous construction area exceeding 180 m2, the current return on investment stands at an impressive 6.2%. However, the true potential lies in future enhancements that could elevate the yields to an outstanding 8 to 10%. Beyond its historic location, the building offers seamless accessibility and the added convenience of an underground parking facility just 30 meters away. Internally, the building hosts a vibrant area, housing both a nice restaurant and an independent Ice Cream Parlor. The surrounding neighbourhood is brimming with vitality, featuring a diverse array of bars, restaurants, pharmacies, clinics, and a multitude of businesses and services. A large supermarket, Pingo Doce, is conveniently located a mere 200 meters away. The property presents an outstanding opportunity for investors seeking for a rewarding commercial activity plus a habitation opportunity under the same roof. Reach out to us today and explore the potential that awaits within this prime location in the centre of Portimao! Energy certificate class D. |
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Property Location |
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| Algarve Area: |
Western Algarve |
| Location: |
Portimao |
| Zone: |
Urbanization |
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Property Features |
| Reference: |
GUD |
| Type: |
Commercial |
| Bedrooms: |
0 |
| Bathrooms: |
0 |
| Pool: |
No |
| Built Area: |
180 m² |
| Plot Size: |
m² |
| Airport: |
65
km |
| Golf: |
3
km |
| Beach: |
1
km |
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PRICE: € 545 000 |
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Download as PDF |
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Request Info |
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