€ 420,000

Investment Opportunity in Portimao, Algarve!

Situated in the riverside area, with direct views of the river, this building for redevelopment represents an excellent opportunity for investors and tourism entrepreneurs.
With two separate entrances, it offers a versatile layout for various projects. It has potential to be constructed up to three floors, enabling the development of four independent one- and two-bedroom apartments (T1 and T2), ideal for tourist accommodation, a hostel, or the rental market. Additionally, it features a small garden or courtyard, perfect for creating a leisure area or reception space.

Situeted in a prime location in Portimao, right by the river and close to services, shops, and the city's main attractions. An unmissable opportunity to transform this property into a successful project.

Don't miss this investment opportunity, contact us for more information and to schedule a visit.

Portimao is a port city in the Algarve region in southern Portugal. It is known for its historic centre, lively marina and proximity to several beaches. In recent years, the Arade river has been the stage for major events. It is also the host of the Formula 1 international motorsport championship. Portimao is a place of reference in the Algarve, due to its enormous tourist development. The beaches are excellent, and there is also a wide choice of leisure activities, restaurants and entertainment. In fact, Portimao has it all! Praia de Alvor and Praia da Rocha are probably the most popular spots for holidaymakers looking for sun, sand, social nightlife and general enjoyment.

Property Type: Building Typology: 0 Bedrooms Objective: Sell Condition: To be recovered Price: 420 000 € Year of Construction: 1951 Country: Portugal District: Faro County: Portimao Parish: Portimao Zone: Ribeirinha

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Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential For Sale
• Home size: 0 ft² / 0 m²
• MLS: 19230-4748
• Web ID: 3SBCFE
• Status: Active