Algarve, Portimão, Portugal
- PROPERTY TYPE
Villa
- BEDROOMS
6
- BATHROOMS
1
- SIZE
1,905 sq ft
177 sq m
Key features
- 6 bedrooms
- House area: 177 sqm
- 1 bathrooms
- Construction year: 1969
Description
Located in the riverside area of Portimão, this property offers a unique investment opportunity for investors and entrepreneurs seeking to maximise returns in a market undergoing significant appreciation.
According to the property register, the asset is recorded as a single-storey building comprising 7 rooms and 3 bays, occupying a total area of 177 m², with a built footprint of 85 m² – a space that has potential for expansion in line with current planning permissions.
Situated in a central area of Portimão, the property benefits from a strategic location that combines tradition with urban dynamism, providing easy access to services, retail, and transport. Its proximity to the riverside and the coast further accentuates its potential for capital growth, making it particularly appealing for refurbishment or redevelopment projects.
Additional information obtained from meetings with the local council indicates that:
The property is located within the urban area in accordance with Article 38 of the Municipal Master Plan (PDM), allowing the construction of a new building.
It is possible to increase the building height by up to 10 metres, thereby enhancing its development potential.
There is no impediment to constructing a basement car park.
This is an unmissable opportunity to transform a traditional property into a landmark development, whether through strategic refurbishment or by erecting a modern, high-specification building. With all these distinctive features, the property represents a strategic investment with excellent potential for appreciation in the dynamic Algarve property market.
REF: -96
Algarve, Portimão, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)32.7 miles
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Notes
This is a property advertisement provided and maintained by Remax Expogroup, Portugal (reference 96202_122881156-96) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.