Ruin for Sale in Portimao

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€95,000 EUR

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Ref 2270361 | Portimao, Faro | Plot Of Land

Currency services provided by Excel Currencies 95,000 EUR  |  Approx.£81,805 GBP  |  Approx. US$101,669 USD
Portimão, Portimao, Faro
  • Type: Ruin
  • Location: Portimao
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 0
  • Bathrooms: 0

This project is available for purchase with approved plans to renovate these two side-by-side properties and create a stunning property with large living areas, 3 double bedrooms, 3 bathrooms, fully fitted kitchen and open plan living / dining room. When complete with a high standard of finish this property would fit nicely into the local rental market for both long-term and short-term lets. This income, coupled with the capital appreciation would make for a lucrative investment. The property is located in the heart of Portimao, within easy walking distance of all essential amenities and just a short 5 minute drive to the blue flag beaches of Praia da Rocha. Local transport links and infrastructure are right on the doorstep, ideal for a local living/working lifestyle. 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 Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.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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