£2,258,917

9 bed block of flats for sale

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£2,258,917

€2,625,000 (€434/sq. ft)

9 bed block of flats for sale

8200 Olhos De Água, Portugal

9 beds
6 baths
6,049 sq. ft

Local area information

Property location

This location is approximate only. Contact the agent for the exact address.

Nearby amenities

Features and description

  • Sea View
  • Energetic Certification: B
Building for sale in Albufeira, Algarve, Portugal

Located next to the prestigious Albufeira Marina, this building presents an interesting opportunity for rehabilitation and development. Comprising a restaurant on the ground floor and four flats on the upper floors, it offers wide and privileged views over the marina and the ocean

The property is in a state of repair that requires significant intervention. The restaurant, which seats 76 people, is in need of complete refurbishment, but offers a good basis for developing a new gastronomic concept in a place with high tourist traffic.

On the upper floors, there are four flats - one 3-bedroom and three 2-bedroom - which require complete renovation. With the right refurbishment, these spaces could be converted into mid- to high-end local accommodation units or long-term rental flats.

Its location, just a few steps from the marina, the beaches and various services, makes this property particularly attractive to investors looking for a project with a margin of appreciation in the medium term.

Characteristics:
Useful area: 562 m2 | 6 049 sq ft
Deployment Area: 275 m2 | 2 960 sq ft
Building Area: 562 m2 | 6 049 sq ft
Bedrooms: 9
Bathrooms: 6
Garage: 1
Energy efficiency: B

features:

Building

Restaurant

1 flat - 3 bedrooms

3 flats with 2 bedrooms each

Investment opportunity

Internationally awarded, luximos Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. Luximos Christie's is the exclusive affiliate of Christie ́s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina.

LIc ami 9063

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LUXIMO`S Christie´s International Real Estate

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Property descriptions and related information displayed on this page are marketing materials provided by - LUXIMO`S Christie´s International Real Estate. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact LUXIMO`S Christie´s International Real Estate for full details and further information.

  1. Zoopla
  2. Overseas
  3. Portugal
  4. Algarve
  5. Central Algarve
  6. Albufeira
  7. Albufeira e Olhos de Água