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City centre ruin project to rebuild, Portimão

Property Details

  • Price: £83,641.00
  • Location: Portimão
  • Region: Algarve
  • Country: Portugal
  • Reference: IDH30480

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 Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.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. - REF: IDH30480

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