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5 Bed Property for sale

Albufeira, Algarve, Portugal

£471,011 *  [€550,000]

5 Bed Property for sale

Albufeira, Algarve, Portugal

£471,011 *  [€550,000]

Property Details


  • Bedrooms: 5
  • Bathrooms: 2

Features


  • Energy Certificate: B

Full Description


If you are looking for a complete renovation project to redevelop a beautiful and historic landmark building in the bustling heart of Albufeiras old town, this is it!

Formerly a Doctors medical practice, this commercial building has ten divisions, each with incredible but tired historic features, picture windows and timber floorboards. The floorplan would lend itself to residential conversion with five bedrooms plus plentiful space for family living. With high ceilings, a stunning key terrace overlooking the surrounding terracotta rooftops and views to the calçada stone pedestrianised streets, this building could make a stunning urban residence.

The property itself consists of two floors (first and second levels) plus the rooftop terrace. The ground floor retail units are specifically excluded. Access to the first floor is via a staircase from street level.

This recognisable property is fewer than 60 seconds to the famous Tunnel leading to Peneco beach beyond. Everything is close at hand, including local amenities, excellent seafood restaurants and Albufeiras nightlife. Paid parking is available in a multistorey car park a short walk away or on-street nearby.

A stunning property with superb prospects for complete conversion and renovation. Due to the scale and scope of works required, this will suit an experienced construction professional or a buyer with budget and patience to engage with qualified partners experienced in developing historic landmarks.
- REF: CN10162

Map may not show exact location

This property listing (ref: CN10162) is an advertisement supplied by Cerro Novo and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
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