Engel & Völkers
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Aerial view of a yellow building with a red tile roof, next to a river and green fields. A road is in the foreground.

Premium commercial property in a strategic location, right by the water!

€1,390,000
  • 6 Rooms
  • 5 Bathrooms
  • ~655 m² Total surface
  • ~585 m² Living area
  • ~6,630 m² Plot surface

Description

Unique Investment Opportunity: Legendary Nightclub Directly by the Water – Shape the Future of Algarve Nightlife! A former nightclub, widely recognized beyond the borders of the Algarve, with 662 m² of built-up area on a generous plot of nearly 7,000 m², in an absolutely exceptional location, directly on the water – a unique setting that impresses with both spectacular views and a privileged position. This property offers investors a rare opportunity: to revive a legendary piece of Algarve nightlife or to create an innovative events and lifestyle concept. Exclusive parties, cultural events, exceptional gastronomic projects, or a new landmark entertainment venue – the stage is set to bring an ambitious vision to life. The strategic location further enhances its potential. Situated directly on the EN125, between Portimão and Lagos, the property benefits from excellent visibility and is just about three minutes from the A22 motorway, providing fast and efficient access for visitors, partners, and operators, both regionally and internationally. The extensive plot also allows for the development of terraces, parking areas, extensions, or outdoor events, adding substantial value to the investment. The combination of size, direct waterfront location, and historical renown makes this property a truly unique opportunity on the western Algarve. Important Note: “Property classified as ruin,” “Exempt from Energy Certificate under Article 18 of DL 101-D/2020.” An exemption declaration has been issued via the SCE Portal, officially classifying the building as “ruin” (Article 2, paragraph g of the cited decree-law).
Features
BalconyGardenSea/Lake viewTerraceWaterfrontGreen viewOpen view
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Engel & Völkers Portimão

Your advisor: Sandra Marques

Property ID: W-0483S3

Property details
  • Object type

    Investment

  • Condition

    Needs renovation

  • Rooms

    6

  • Bathrooms

    5

  • Floor

    2

  • Number of Floors

    2

  • Parking spaces

    150

  • Total surface

    ~655 m²

  • Living area

    ~585 m²

  • Plot surface

    ~6,630 m²

  • Flooring

    Stone

Energy efficiency information
  • Construction year

    1981

  • Energy certificate available

    No

Location: Mexilhoeira Grande, Faro District

The development where this Villa stands, is in the parish of Mexilhoeira Grande, Council of Portimão therefore in the quiet countryside, North of the EN125, where the natural landscape is breath-taking. It is only 7 km from the famous golf course of PENINA, designed by Sir Henry Cotton, 4 kms from the MORGADO Golf resort, 10 km from the vibrant city of Portimão, 2nd largest in the Algarve and the largest in the West and 15 km from the charming discovery city of Lagos. Praia da Rocha is one of the most popular seaside resorts of the Algarve, just in front of the city of Portimão, which has traditionally been a centre of shipbuilding, sardine fishing and fish processing. It offers a vast extension 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. Not to mention the quaint fishing village of Alvor, only 12 kms away from the property, with its bars and restaurants, the typical sky-jumpers from the local airdrome and the lagoon lovers, that claim Alvor, besides the stunning views over the harbour and river at sunset, was tailor made by nature to be the perfect KiteSurf playground and Europe’s ultimate destination for water sports. The close-by Autódromo Internacional do Algarve (AIA), brought to live in 2008, in addition to a racetrack available 24/7, provides a full-service test platform covering every aspect of car and bike testing, but no noise from the circuit is ever heard at this Villa. It is only 50 minutes from Faro airport via the A22 motorway, making it easy for travellers to reach “Home” when they land in the sunny Algarve.

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