$3,046,021

Located next to the prestigious Albufeira Marina, this building presents an interesting opportunity for rehabilitation and development. Comprising a restaurant on the ground floor and four flats on the upper floors, it offers wide and privileged views over the marina and the ocean. The property is in a state of repair that requires significant intervention. The restaurant, which seats 76 people, is in need of complete refurbishment, but offers a good basis for developing a new gastronomic concept in a place with high tourist traffic. On the upper floors, there are four flats - one 3-bedroom and three 2-bedroom - which require complete renovation. With the right refurbishment, these spaces could be converted into mid- to high-end local accommodation units or long-term rental flats. Its location, just a few steps from the marina, the beaches and various services, makes this property particularly attractive to investors looking for a project with a margin of appreciation in the medium term. CHARACTERISTICS:Useful area: 562 m2 | 6 049 sq ft Deployment Area: 275 m2 | 2 960 sq ft Building Area: 562 m2 | 6 049 sq ft Bedrooms: 9 Bathrooms: 6 Garage: 1 Energy efficiency: B FEATURES: Building Restaurant 1 flat - 3 bedrooms 3 flats with 2 bedrooms each Investment opportunity

Amenities

• Bedrooms: 9
• Full Bathrooms: 6
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1988
• Built in 1988
• Home size: 6,049 ft² / 561.97 m²
• MLS: 1LS02225
• Status: Active