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Algarve, Lagoa, Portugal

€725,000
Portugal Sotheby's International Realty, Carvoeiro
PROPERTY TYPE

Block of Apartments

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Description

Located in the city centre of Lagoa, in the Algarve, Atrium Residence is an approved rehabilitation project that represents a strategic opportunity for investors. The property allows for the development of 11 apartments and 2 commercial units, with strong potential for appreciation in one of the region’s most dynamic urban centres.

Designed by architect Ricardo Pina, the project includes the construction of six one-bedroom apartments, five two-bedroom apartments, and two ground-floor retail spaces. Located within an Urban Rehabilitation Area (ARU), Atrium Residence benefits from tax incentives applicable to construction, including a reduced VAT rate of 6%.

Situated on Rua Vermelha, one of the main streets in Lagoa’s centre, the property is in a consolidated urban area, close to supermarkets, schools, restaurants, and healthcare facilities. Its central location ensures visibility, easy access, and excellent connectivity to the region’s main road networks, enhancing its potential for both residential and commercial purposes.

Atrium Residence represents a solid investment opportunity in a continuously growing market such as the Algarve, with very high returns expected.

Algarve, Lagoa, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    28.4 miles

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About Portugal Sotheby's International Realty, Carvoeiro

Rua do Povo do Burro, n.º 3 8400-502 Carvoeiro

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This is a property advertisement provided and maintained by Portugal Sotheby's International Realty, Carvoeiro (reference 106250072) 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.

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