Property for sale

Portugal, Algarve, Portimao

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!