9 Bed Apartment for sale
Albufeira, Algarve, Portugal
£2,294,982 *
[€2,625,000]
Full Description
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:
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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