Living and working under 1 Roof - Investment opportunity in Portimao

Commercial in Portimao, Western Algarve
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Quick Summary

Reference:
GUD
Region:
Western Algarve
Location:
Portimao
Price:
€ 545 000
Property Type:
Commercial
Built Area:
180 m2
Plot Size:
m2
Bedrooms:
0
Bathrooms:
0
Pool:
No
Airport:
65 km
Golf:
3 km
Beach:
1 km

Property Description

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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