Building For Recovery In The Center Of Portimão

Investment Opportunity with Tourism Project in Portimão In the centre of Portimão, this traditional 3-storey villa represents a unique opportunity for investors looking for an asset with high potential for profitability and appreciation. Inserted in a plot of 488sqm and with a total area of 525sqm, the property is sold in its current state, already benefiting from an advanced stage of preparation of the work. The new interior divisions are executed, as well as the plumbing, electricity and pre-installation of air conditioning infrastructures, significantly reducing the investment and time required to complete the project. There is a project to transform it into an accommodation unit with 11 bedrooms, all with private bathroom, kitchen, common living room and 12 sanitary facilities. Outside, a swimming pool is planned, whose excavation has already been carried out, and an accessible roof with the potential to create a lounge or rooftop area. - Key Highlights: * Central and strategic location in Portimão; * Project for 11 rooms with private bathroom; * Works and infrastructures already partially executed; * Swimming pool planned with excavation completed; * Affordable coverage with high potential for appreciation; * Total construction area: 525sqm; * Plot with 488sqm; * Energy Certificate: Class C. An excellent opportunity to develop a hostel, guesthouse, student residence, coliving or other accommodation concept, in a consolidated and constantly growing area, where housing and tourist demand continues to increase. - Note: Some of the images presented are merely illustrative 3D renders, developed to demonstrate the potential of the property and the project after the completion of the works. REF. : NU_5968 (ref NU-NU_5968)