Algarve, Portimão, Portugal
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
8
- SIZE
4,618 sq ft
429 sq m
Key features
- 6 bedrooms
- House area: 429 sqm
- Air conditioning
- 8 bathrooms
- Construction year: 1991
Description
Discover this exceptional mixed-use building located within an Urban Rehabilitation Area (ARU), offering attractive tax incentives, including reduced 6% VAT on eligible renovation works and potential IMI (property tax) exemptions.
Prime Location
Within walking distance: cafés, public transport, shops, restaurants, pharmacy, and all essential services are right on your doorstep. The beautiful Portimão Riverside is just a 2-minute walk away.
By car: only 10 minutes from major supermarkets, the health centre and hospital, and approximately 12 minutes from some of the Algarve's most stunning beaches.
Situated in the heart of Portimão, this property enjoys a privileged location just 2 minutes from Ferragudo, 8 minutes from Praia da Rocha, and close to every convenience the city has to offer.
Property Details
The building is being sold with six autonomous units, comprising the 1st, 2nd and 3rd floors. Buyers also have the option to purchase the ground-floor commercial unit, measuring 82.35 m², separately.
Smart and Versatile Layout
1st Floor (Right): Office or commercial/service space (52.70 m²) with 1 bathroom.
1st Floor (Left): Studio apartment (34 m²) with 1 bathroom.
2nd Floor (Right): Studio apartment (52 m²) with 1 bathroom.
2nd Floor (Left): Studio apartment (34 m²) with 1 bathroom.
3rd Floor (Right): Studio apartment (42 m²) with 1 bathroom.
3rd Floor (Left): Studio apartment (35.50 m²) with 1 bathroom.
Key Features
Excellent sun exposure.
Beautiful views over the Arade River.
Built in 1991 and well maintained.
Suitable for multiple investment strategies, including:
Permanent residential use;
Long-term rental;
Holiday rental (subject to applicable regulations);
Commercial or office use.
This is an outstanding opportunity for investors, developers, and entrepreneurs seeking a flexible asset in one of Portimão's most desirable locations, while benefiting from valuable urban regeneration incentives.
Schedule your viewing today and discover the full potential of this unique investment opportunity in Portimão.
REF: -49
Algarve, Portimão, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)32.8 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_122881207-49) 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.