Old character building with great potential for complete reconstruction in the heart of the city of Portimao near Pietonne Street with all shops, city services and parking.
The building needs a total renovation.
The 3-storey building with 1 ground floor, 1st and 2nd floor, with a gross area of 940 m2 to rehabilitate, in the ARU area (urban rehabilitation area).
To realize the full potential, plans have been made to see the possibilities of this downtown building with:
Ground floor:
Duplex T3- 128 m2; Duplex T2 - 97 m2; Duplex T2 - 100,8 m2.
1 Andar : T1 - 52,5 m2; T1 - 54,5 m2; T1 - 70 m2.
2 Andar : T2 - 107,5 m2
Useful/living area of the building 610 m2, gross area 940 m2
Great investment opportunity
Specifics: Energy certificate: exempt, Built in 1951.
Ideas other possibilities:
A restaurant with a good terrace on the pedestrian and commercial street, also the construction of a hotel or seasonal apartments
River with its promenade at 350 m, municipal market at 600 m, Praia da Rocha Beach at 2.8 km, the first Golf course at 4.5 km, Nobel International School in the Algarve at 12 km, the Automobile Circuit at 19km.
Safety Portugal 3rd safest country in the world For the 2nd consecutive year.
Portugal has been in the top 5 of this ranking since 2016: Global Peace Index 2020.
In addition, the Automobile Circuit of Portimao has just concluded in October 2020 the first Formula 1 race which brings worldwide notoriety to the Algarve region.
The Circuit hosted in 2021, again the Moto Grand Prix in April and the Formula 1 Grand Prix in May.
Tourism: Portugal is the best destination in Europe for the 4th time and wins 21 'Oscars' of tourism, in the 2020 edition of the World Travel Awards, the 'Oscars of tourism', the Algarve Best Beach Destination in the World 2020.
Likewise, the North American magazine Forbes considers the Algarve region not only one of the best places in the world to retire, but also one of the best places in the world to live.
Energy Rating: Exempt
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