Algarve, Olhão, Portugal
- PROPERTY TYPE
Block of Apartments
- BATHROOMS
4
- SIZE
1,862 sq ft
173 sq m
Key features
- House area: 173.85 sqm
- 4 bathrooms
- Construction year: 1991
Description
We present this three-storey urban building, located in the heart of Olhão, just a few minutes from the downtown area and the waterfront, surrounded by shops, services, and the vibrant atmosphere typical of the city.
With a total construction area of 173.85 sqm, this property stands out for its versatility and strong investment potential.
The building comprises:
Ground floor originally designated for commercial use, currently physically converted into a one-bedroom apartment (T1);
First and second floors for residential use, featuring a functional layout including living room, kitchen, two bedrooms, bathroom, and balconies;
Top floor with terrace and annex, offering a rare outdoor space in the city center, with potential for leisure area, storage, or even the creation of a studio.
The property benefits from a usage license issued in 1991, ensuring legal compliance.
Key Features:
Mixed-use building (commercial + residential)
Prime central location in Olhão
Terrace on the top floor
Potential for rental income by floors or units
Ideal for investment or renovation project
This is the ideal property for those seeking a secure investment opportunity, with multiple possibilities for use and future appreciation.
REF: -94
Algarve, Olhão, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)6.8 miles
Advice on buying Portuguese property
Learn everything you need to know to successfully find and buy a property in Portugal.
Notes
This is a property advertisement provided and maintained by Remax Expogroup, Portugal (reference 96202_122881224-94) 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.