Historic Building With Local Accommodation, Restaurant And Cultural Space | Historic Centre Of Porti
8 Beds
7 Baths
5,318 Sqft
4,123 Sqft lot
Updated: Today
About the Property
Excellent business and investment opportunity, located in the heart of the Historic Centre of Portimão, one of the most authentic and sought-after areas of the city, with a strong tourist influx throughout the year. This mixed-use building, currently in full operation, includes Local Accommodation, Bar & Restaurant and Cultural Space, representing a distinctive and highly profitable concep
Excellent business and investment opportunity, located in the heart of the Historic Centre of Portimão, one of the most authentic and sought-after areas of the city, with a strong tourist influx throughout the year. This mixed-use building, currently in full operation, includes Local Accommodation, Bar & Restaurant and Cultural Space, representing a distinctive and highly profitable concept.
Completely restored, the property has undergone extensive modernisation of its electrical, hydraulic and security infrastructure, carefully preserving its original architectural and historical features, which give it identity, charm and heritage value. ________________________________________ Property Layout Ground Floor
* Restaurant & Bar Fully furnished and equipped, with a welcoming and versatile atmosphere, ideal for meals, private events or leisure activities such as happy hour. Functional and equipped kitchen.
* Cultural Space Multipurpose area with enormous potential for workshops, exhibitions, cultural events, private or corporate parties, contributing to the diversification of revenue sources. - 20,000-litre water tank, filtered for domestic use. * Outdoor Patio Pleasant outdoor space with garden, perfect for socialising and outdoor events. * 3 Bathrooms ________________________________________ Upper Floor
* Local Accommodation Unit with excellent guest reviews, comprising 5 bedrooms, 3 of which are en-suite, all comfortable and well decorated, equipped with private bathroom, air conditioning, Wi-Fi and terraces, providing a high-quality experience for visitors. * Additional flat (in need of refurbishment) With kitchen, bathroom, terrace and 6 rooms, offering high potential for appreciation, whether for housing, long-term rental or expansion of the tourist concept. ________________________________________ Annex
• 2-bedroom flat (without refurbishment) located at the rear of the building, ideal for redevelopment and increasing the overall profitability of the investment. ________________________________________ Location & Tourist Potential Portimão is one of the most important tourist destinations in the Algarve, benefiting from a privileged location on the south coast of Portugal. The municipality is renowned for its excellent beaches, namely Praia da Rocha, as well as its proximity to other iconic beaches such as Praia do Vau, Três Irmãos and Alvor.
The city also offers: * Portimão Marina, which is highly sought after by tourists and has quality infrastructure * Portimão Museum and Santa Catarina Fortress, reinforcing the cultural aspect * Strong tourist activity throughout the year, driven by the climate, events and diverse offerings.
Its location in the Historic Centre guarantees authenticity, high foot traffic, proximity to shops, services and tourist attractions, making this property particularly attractive to investors seeking immediate returns and medium to long-term appreciation potential. ________________________________________ Conclusion A unique opportunity for those looking for a distinctive property, with an existing business, multiple uses and high growth potential. * Schedule your visit now and discover the full potential of this exceptional investment in Portimão.