Property photos
Just added
£457,313
€545,000
Property for sale
Portugal, Algarve, PortimaoLocal area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
- Near: Urbanization
- Pool: No
- Bathrooms: 0
- Built area: 180 m
- Plot area: M
- Airport at 65 Km distance
- Golf courses at 3 Km distance
- Beach at 1km distance
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!
More information
Listed by
Land & Houses Algarve - Yellow Homes
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Land & Houses Algarve - Yellow Homes. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Land & Houses Algarve - Yellow Homes for full details and further information.