Algarve, Portimão

Building with 2 apartments, restaurant and garage in Portimão

€379.000 Property NºST-20223 CALL +351 965570775
or send request

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Ask the responsible agent all the questions you need to know about the property or arrange a visit. Our agent will reply in 24 hours latest.






Key Details:

Size: 310m²

Bedrooms: 2

Bathrooms: 2

Year Built: 1988

Status: Available

Property Transfer Tax: €22740

Energy Certificate: C

An Overview:

Opportunity! For sale a building to restore in the popular area in Portimao.

The building has two floors with independent entrance and use.

On the ground floor, there is a commercial department used as a restaurant and a garage for 3 cars. Depending on the goals of the new owner, the first floor needs cosmetic repairs or major overhauls for its functioning.

A new staircase leads to the second floor, wherein the stage of complete reconstruction (with an approved project) there are 2 independent one-bedroom apartments.

If the owner wishes, it is possible to increase the area of one apartment by an area of 41 m2.

It can be another large bedroom with a bathroom, a large hall, a winter garden, or just a terrace.

There is an exit to the roof of the building, which can also be used at will.

Currently, the following repair works have been done:

The apartment walls are finished with gypsum cardboard, new sewerage, new electrical wiring, new windows and doors, new roof covering.

This is a great opportunity, both for an investment for a guaranteed rental income and for combining your home with a business – at your discretion!

The Neighborhood

Algarve, Portimão

The beauty of this place, one of the largest cities in the Algarve, is enriched by the traditional villages in the vicinity. Here you can see the local arts and crafts, buy irresistible souvenirs and try the tasty homemade bread, smoked ham (presunto) and homemade sausages you won’t find anywhere

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Ask responsible agent all the questions you need to know about the property or arrange a visit. Our agent will reply in 24 hours latest. You can meanwhile learn about purchasing process in our Buyer´s guide.

Contact agent

Contact Agent

Ask the responsible agent all the questions you need to know about the property or arrange a visit. Our agent will reply in 24 hours latest.






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