Excellent Investment For Housing, Local Accommodation Or Hotel Algarve - 650000€

Description

Excellent investment for Housing, Local Accommodation or Hotel.

Building for rehabilitation in the historic center of Portimao, consisting of 3 floors, ground floor, 1st and 2nd floor, located in a street with varied commerce and Instituto Superior. With a living area of 610 m2 and a gross area of 940 m2.

The plastering of the facades is under reconstruction.

Study for the construction of 7 residential apartments with a ceiling height of 3.5m2.

The idea of the project will be to maintain the architecture of the facades (not to increase the height of the RDC doors/windows, so that there can be a lot of light for the bedrooms.

Interior floors and divisions can be changed, adding an intermediate floor.

Typologies:

Ground floor Duplex for:

T3 -128m2

T2 97m2 / 100.8m2

1st floor

T1 -52.5m2 /54.5m2/70m2

2nd floor

T2 107.5 m2

Due to its proximity to universities, commerce and the Arade river, this makes this an excellent property to recover.

There is currently a considerable increase in the demand for properties for rehabilitation in the historic center of Portimao, and this entire area will soon be completely rehabilitated.

Energy Rating: Exempt

#ref:BL839

BL839

* Beds: 1, 2, 3, 4, 5, 6, 7, 8
* Baths: 1, 2, 3, 4, 5
* District: Portimao
* Type: Commercial
* Property ID #: BL839