A narrow street with colorful painted pavement, lined with buildings and awnings. Outdoor seating is visible.

Building for Rehabilitation in the Center of Portimão – Unique Investment Opportunity

€255,000
  • 7 Rooms
  • 5 Bedrooms
  • 6 Bathrooms
  • ~186 m² Total surface
  • ~14 m² Terrace surface
  • Construction year 1950

Description

Located in the heart of the historical center of Portimão (ARU Zone), benefiting from tax incentives and advantages for urban rehabilitation projects, this building to be rehabilitated offers enormous potential for those seeking a solid investment project in the heart of the city. Situated on a pedestrian street, quiet and full of charm, surrounded by local shops, services, and restaurants, the property benefits from a privileged location, just steps away from the riverside area and all urban amenities. The project planned for this building includes the creation of two spacious apartments: A ground floor T2, with a garden, ideal for personal residence or long-term rental; A T3 Duplex with a terrace, perfect for those who value outdoor space and quality of life in the city center. With its excellent location and the typical architectural setting of the old area of Portimão, this building represents a very interesting urban rehabilitation proposal, whether for housing, tourist rental, or resale after refurbishment. Declaration of Ruin - SCE267372128 (06/01/2022)
Features
BalconyGardenTerrace
engel & völkers shop image

Engel & Völkers Portimão

Your advisor: Vasco Abranches

Property ID: W-0474ZB

Property details
  • Object type

    Investment

  • Rooms

    7

  • Bedrooms

    5

  • Bathrooms

    6

  • Floor

    2

  • Number of Floors

    3

  • Total surface

    ~186 m²

  • Terrace surface

    ~14 m²

  • Garden surface

    ~19 m²

Energy efficiency information
  • Construction year

    1950

  • Energy certificate available

    Yes

Location: Portimão, Faro District

The riverside area of Portimão is one of the most emblematic and pleasant spaces in the city, where the Arade River meets urban life and the Algarve spirit can be felt in every corner. Completely redeveloped, this area offers a pleasant pedestrian walkway along the river, lined with palm trees, gardens, and terraces, making it the ideal place for those who enjoy walking, playing sports, or simply enjoying the sunset over the marina. Along the waterfront, there are cafes, typical restaurants, and cultural spaces, such as the Portimão Museum, housed in a former canning factory, which tells the industrial and maritime history of the region. It is also a highly dynamic area, where fairs, events, and cultural activities take place throughout the year. The proximity to the historic center, the commercial area, and the short distance to the beaches of Rocha and Vau make the riverside area a privileged place to live or invest, combining the tranquility of the river with the energy of a modern and welcoming city.

Request all property details

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by Soho Algarve, Lda.. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact. You can find out in detail which data Soho Algarve, Lda. stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

  • Receive full property details.

  • Get in touch with an advisor.

  • Confidential - data stays with E&V.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers Portimão

engel & völkers shop image

Provider:

Soho Algarve, Lda.

Website

Provider imprint

Privacy policy of content provider

License partner of Engel & Völkers Franchise and Trademark GmbH

wavy pattern