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Complete mixed use building in central tourist location - € 1,700,000

Ref: CNC9953
Price
€ 1,700,000
Location
Albufeira
Airport
30 mins drive
Beach
10 mins walk
Golf
5 mins drive
Town
1 mins walk
Shops
1 mins walk
Restaurants
1 mins walk
Energy rating
C

Property features

  • Virtual tour available
  • Overlooking town
  • Terrace
  • Balcony
  • Public Parking
  • Kitchen fully equipped
  • Utility room
  • Security shutters / grills
  • Fitted Wardrobes

Property overview

A substantial mixed-use building in new town Albufeira, benefitting from a large and flexible retail space which may be suitable for a wide variety of uses or possible conversion subject to permission. There are a further four apartments above, two of which are two bedroom and two, three bedroom variants with balconies. This property is located within ten minutes walk of the beach and a few steps from other tourist facilities. These properties will provide a lucrative holiday rental income or, if renovated, will provide spacious and well located second homes or permanent residential accommodation.

Property location

Albufeira

Albufeira was originally a Moorish fishing village dating back to the 8th Century and it's importance as a City of the past, present and future is largely dependent upon it's central Algarve location. Situated just 35 minutes from Faro International Airport and situated upon direct train and motorway links to Lisbon, it's a perfect choice for a second home or more permanent living.

Nowadays, Albufeira is one of Europe's top destinations for sun-seeking tourists and the wider Municipality is rapidly becoming one of the Algarve's most attractive property hotspots. With amazing beaches, a superb range of restaurants, cafés, shops and bars and every possible service close at hand, it's not hard to see why Albufeira is such a popular choice. 

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