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Property description
Excellent Investment OpportunityLocated in the riverside area of Portimão, this property offers a unique investment opportunity for investors and entrepreneurs seeking to maximise returns in a market undergoing significant appreciation.According to the property register, the asset is recorded as a single-storey building comprising 7 rooms and 3 bays, occupying a total area of 177 m², with a built footprint of 85 m² – a space that has potential for expansion in line with current planning permissions.Situated in a central area of Portimão, the property benefits from a strategic location that combines tradition with urban dynamism, providing easy access to services, retail, and transport. Its proximity to the riverside and the coast further accentuates its potential for capital growth, making it particularly appealing for refurbishment or redevelopment projects.Additional information obtained from meetings with the local council indicates that:The property is located within the urban area in accordance with Article 38 of the Municipal Master Plan (PDM), allowing the construction of a new building.It is possible to increase the building height by up to 10 metres, thereby enhancing its development potential.There is no impediment to constructing a basement car park.This is an unmissable opportunity to transform a traditional property into a landmark development, whether through strategic refurbishment or by erecting a modern, high-specification building. With all these distinctive features, the property represents a strategic investment with excellent potential for appreciation in the dynamic Algarve property market.
REF: -96
REF: -96