Building With 7 Independent Units In Portimão Historic Centre

With its location, configuration, independent units and diversity of uses, this building offers particularly relevant features for those seeking investment flexibility and potential for value appreciation in central Portimão.
Located in the city’s historic riverside district, the building is held under a condominium ownership structure and comprises 7 independent units, designated for commercial, service and residential use.

The property is preferably offered for sale as a whole, allowing different property types and potential uses to be brought together within a single asset. Its division into independent units nevertheless provides an important degree of flexibility, also allowing the future sale of individual units to be considered.

The ground-floor premises are currently available for use upon request, including as meeting rooms, while some of the residential units are operated as Local Accommodation (Alojamento Local).
This configuration allows different strategies for operation, income generation and future value enhancement to be considered, subject to the designated use of each unit and applicable legislation.

The building benefits from good natural light and is located within the Portimão Historic Centre Urban Rehabilitation Area (ARU), a designation which may provide access to incentives and benefits associated with urban rehabilitation, subject to compliance with the applicable legal requirements.

Building composition

• Ground floor | Commercial | 82.35 sqm
Meeting rooms and 2 WCs;

• 1st floor right | Services | 52.70 sqm
Office and 1 WC;
• 1st floor left | Studio apartment | 34.00 sqm;

• 2nd floor right | Studio apartment | 52.00 sqm;
• 2nd floor left | Studio apartment | 34.00 sqm;

• 3rd floor right | Studio apartment | 42.00 sqm;
• 3rd floor left | Studio apartment | 35.50 sqm.

Location

In the heart of Portimão, within its historic riverside district, close to shops, services, restaurants and public transport, and just a few minutes from Praia da Rocha.
A location combining the convenience and vibrancy of the city centre with proximity to the river and easy access to the Algarve coastline.