Portimão, Western - Rio Arade,

350.000 € Building (ref: 106240011)

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Garagem

308m²

Área privativa

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Portimão, Western - Rio Arade, 350.000 €

Building (ref: 106240011)

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About the property Located in the heart of downtown Portimão and close to the Arade River, these are the distinctive features of this property. This building presents a unique investment opportunity in one of the most dynamic locations in the Algarve. A property that allows you to enjoy the traditional experience of riverside walks while perfectly balancing proximity to the city center, providing unparalleled functionality and significant potential for renovation and appreciation. With its unique potential, this property benefits from construction feasibility, occupying an area and volume capable of being transformed into one of the most emblematic real estate properties in the city of Portimão. It is worth noting that, given its location in the Urban Rehabilitation Area (ARU) of Portimão, this property may benefit from the inherent tax benefits. With the growing investment dynamics in the rehabilitation of downtown Portimão and the numerous new real estate projects, this building is surely an option for any investor. Due to all its characteristics, this property proves to be a unique investment and return opportunity. The proximity to essential services, main roads, and transportation is an advantage of this privileged location. Just 10 minutes from the A22, this property is conveniently situated to explore the surroundings and enjoy everything Portimão has to offer. Living or investing in downtown Portimão means being surrounded by a rich offering of commerce, culture, and entertainment. If you are looking for an investment opportunity with appreciation potential, this building is a choice to consider.
The investment potential in the riverside area of Portimão is significant due to its prime location and the growing popularity of the region as a tourist destination. There are opportunities to develop real estate projects that make the most of the natural beauty and existing infrastructure, such as boutique hotels, luxury apartments, commercial spaces, and restaurants. Additionally, the proximity to the historic city of Portimão and the stunning beaches of the region further enhance the appeal of this area for potential investors. With the support of tax incentives and urban rehabilitation programs, investing in the riverside area of Portimão can offer solid returns and long-term growth opportunities. Read more

Carvoeiroazul - Mediação Imobiliária Lda - AMI 10437

General features

General information

Reference 106240011
Goal Sale
Sale price 350.000 €
Region Algarve
District Faro
County Portimão
Civil Parish Portimão
Area Western - Rio Arade
Gross Private Area 308m²
Gross Construction Area 0m²
Net area 262m²
Plot Area 154m²
State Used

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