Ruin for Sale in Portimao

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€140,000 EUR

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Ref 2270360 | Portimao, Faro | Ruin

Currency services provided by Excel Currencies 140,000 EUR  |  Approx.£120,554 GBP  |  Approx. US$149,828 USD
Portimão, Portimao, Faro
  • Type: Ruin
  • Location: Portimao
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 1
  • Bathrooms: 1

This typical Portuguese property boasts a fantastic location right in the centre of downtown Portimao. All amenities are within easy reach and just a short walk away. There are connections for mains gas, water and electricity in place and the front facade is currently used as a small shop space. The property has the potential to be a wonderful family home, but requires extensive work to bring it back to life. There is also a separate ruin to be rebuilt, which makes this investment somewhat unique, as once the renovation is complete there will be two individual habitable properties, which would substantially increase the return. Due to the location of these properties you could easily rent or sell them to people who live and work in the local area. Portimão is the largest city in the western Algarve, and was traditionally a centre for sardine fishing and processing. Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city. Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.

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