Set of urban buildings for recovery
- W-02IHNJ
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What you should know about this house
- Historic Estate
- 1951
- 624 m²
- Needs rehabilitation
- Very good
Amenities and special features of this house
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- Waterfront
- Sea/lake view
Set of 2 urban buildings located in Portimão, in a very privileged location, providing wonderful views over the Arade. They have different conditions for maintenance and enjoyment, the best of which is currently inhabited on a rental basis and the other is partially vacant.
They occupy an outstanding position in the arteries bordering the historic area. One of them, in a better state of conservation, has a ground floor with 154m2 for covered parking, a 1st left with 77m2 for housing and a 1st right with 77m2 for services, all for independent use. The other has 4 shops on the ground floor, with 39.5m2 each, for commerce, and a 1st floor with 158m2, for residential use and currently in precarious security conditions.
Given its privileged location in the Urban Rehabilitation Area (ARU), this property will benefit from the tax benefits inherent to this classified intervention area. There are 624m2 of covered area awaiting a recovery project, such as those that Portimão is already experiencing in several places, where modern and highly successful urban interventions, such as the nearby ATRIUM Arade (old building. MABOR), have brought new life, new services and new commerce.
Given the proximity of the Arade river, right at the entrance to Portimão for those who use it as access to "Ponte Velha", this group of properties has exceptional views over the river and the riverside promenade that extends from the railway bridge to the square of the famous Casa Inglesa café. Close to the city centre, it provides a walking distance, all public services, banks, shops, shopping centres and various restaurants.
Virtual tour through this property
Portimão: Location and surroundings of this property
The properties are located in a quiet area of the city of Portimão. Close to the place where you can find the brand-name shops, cafes with esplanades, renowned restaurants, theatres and all the other amenities. In the centre of what is the 2nd largest city in the Algarve and the largest in the Centre / West Algarve, with about 45K inhabitants. Portimão is distinguished by its tourist offer, pulse and dynamism and by a diversity of activities that make your day-to-day life intense and marked by a rhythm that is maintained throughout the year.
It is 1 min. walk from the banks of the River Arade, which cuts through this charming city. Along the banks you will find numerous restaurants with fresh fish and seafood dishes, the best representatives of the rich local gastronomy. In recent years, the mouth of the River Arade has been the scene of major events, such as the Portuguese F1 international championship in motorboating.
Currently, Portimão is the 3rd national port (only behind Lisbon and Funchal), which receives more passengers from cruise ships, thus enhancing quality tourism. It is the headquarters of the Autódromo Internacional do Algarve and has industrial poles related to fishing and services, besides the Arena, the largest multipurpose flag south of the Tagus.
A pleasant 15 min. walk after your meal will take you to the stunning and world famous Praia da Rocha. With its vibrant nightlife, it is one of the most popular seaside resorts in the Algarve. It offers a vast expanse of pristine golden sand (1.5 km), waters of crystalline purity that reflect a myriad of shades of blue, surrounded by an idyllic landscape, with the capricious rocks that give it its name.
- Soho Algarve, Lda.
- Licence partner of Engel & Völkers Residential GmbH
- Nuno Fernandes
- Praça Visconde Bivar
- 8500-544 Portimao
- Phone: +351 282 071 131
Energy Information
- 1951
