Building With 3 Bedroom Villa + Commercial Space

$745,126
3
Bedrooms
7
Bathrooms
4 360
ft2
Engel & Völkers Portimão - Algarve
Listed on August 27, 2021 88

Description

Building of recent construction, with excellent location and magnificent views of the Arade River.
Located in the riverside area, this property is distributed over 4 floors, and above a commercial space, located on the ground floor, we have access, independently, to the triplex, on floors 1, 2 and 3.
On the ground floor, the commercial space is fully equipped and prepared to work mainly as a…
Building of recent construction, with excellent location and magnificent views of the Arade River.
Located in the riverside area, this property is distributed over 4 floors, and above a commercial space, located on the ground floor, we have access, independently, to the triplex, on floors 1, 2 and 3.
On the ground floor, the commercial space is fully equipped and prepared to work mainly as a restaurant. It has a dining room with space for 40 people, 2 bathrooms for customers, bar, pantry and kitchen and staff area.
Above the commercial space on the 1st floor, we then have access to the dwelling with 1 living room, 1 dining room, 1 fully equipped kitchen, 1 service bathroom and 1 laundry area that gives access to a large terrace with a cover and a BBQ, ideal for those outdoor family meals.
On the 2nd floor there are 2 en suite bedrooms, one of which is equipped with a walk-in wardrobe. Both bedrooms give direct access to generously sized balconies,
On the 3rd floor, the large open plan space gives you a bedroom, office area and en suite bathroom, this lovely space gives access to a spacious balcony with admirable views over the river.
This property is very well located, in a very popular restaurant area by the river, with parking just a few meters away and close to all services. One of Europe’s most prestigious beaches, Praia de Rocha beach, is only 2 km away.
Basically, it is a city house, integrated into the urban fabric but totally independent, with 4 floors, whose ground floor is used as commercial space, prepared, and equipped to function as a restaurant. Above, on the following 3 floors, the housing, with 3 bedrooms and distributed in triplex form, allows us to live in a picturesque area of the city with appreciated views over the river.
The property can be sold as a whole or just the villa, although the commercial space can be an excellent business opportunity for exploitation or rental.

Portimão is the largest city in the Western Algarve with around 60,000 inhabitants and was once a place where boat building, sardine fishing and fish processing were the city main activities. However, over the passing of the year’s most of this industry has been replaced by tourism, entertainment and services, making it a large residential city, in perfect harmony with its historic pedestrian center and riverside areas. This evolution has transformed the city into an attractive place to shop and admire its history and proximity to the river and the sea. The old and busy fishing docks have also been transformed into a long sidewalk integrated with the wooded squares of the old city where there is no lack of cafés, bars and restaurants to enjoy the excellent gastronomy and traditional pastries, with a clear view.

Just 7 minutes from the city center is the iconic Praia da Rocha with its vast beach, crystal clear water and majestic cliffs that extend to the beaches of Amado and Vau. Complementing this postcard are numerous restaurants and beach bars and a nightlife that attract thousands of tourists and curious people every year.

Its hub with public transport to various destinations in Portugal and Spain make this city a must-see for travelers and the surrounding population.

At a short distance you can also visit the fishing villages of Alvor, Ferragudo and Carvoeiro, the spas of Monchique, Lagos (the city of the discoveries) and also Sagres (the most western point of Europe). Faro airport is only 45 minutes away. Lisbon and Seville are roughly the same distance from Portimão (2H30).

Amenities

Outdoor

Price Insights

Building Info

Year build
0
Property type
Villa

Location

Portimão, Portimão, Algarve, Portugal

Contact Agent

Engel & Völkers Portimão - Algarve
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Listed by

Registered on JamesEdition
2020
Address
Listing Reference
W-02MPT3

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