Large Historical urban property in the centre of Portimao

Villa in Portimao, Western Algarve
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Quick Summary

Reference:
LHV-2300
Region:
Western Algarve
Location:
Portimao
Price:
€400 000
Property Type:
Villa
Built Area:
500 m2
Plot Size:
332 m2
Bedrooms:
0
Bathrooms:
0
Pool:
No
Airport:
60 km
Golf:
4 km
Beach:
2 km

Property Description

Historical property near the Old Church in Portimao, on central location in need of renovation. This property offers great potential to be changed into an office building or small City Hotel as it comprises of 5 separate entrance numbers with a total of 34 areas that can all be connected with each other. The lower ground floor has a large storage / basement area that can be used as a garage for at least 4 cars. The ground floor area is divided into 2 large parts with total 15 separate areas, the first floor is also divided into 2 parts with a total of 17 areas. There are a furthermore 2 small storage areas. The property is of Historical value to Portimao thus offering true value to the next owner. Renovation is very much needed but it offers tremendous opportunities. This is a property that needs to be seen to truly see its possibilities. Priced to Sell.

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