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
Building with 2 apartments, restaurant and garage in Portimão
Year Built: 1988
Property Transfer Tax: €22740
Energy Certificate: C
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!