An exceptional investment opportunity in the heart of Portimão’s vibrant riverside district, this property presents a compelling prospect for investors and developers seeking substantial returns in a rapidly appreciating market. The property is registered as a single-storey building encompassing seven rooms and three bays, covering a total area of 177 square meters, with a built footprint of 85 square meters. There is further potential for expansion in accordance with current planning regulations. Strategically located in a central area that seamlessly blends local tradition with urban activity, the property offers convenient access to a variety of services, shops, and transportation links. Its proximity to the riverfront and coastline enhances its appeal, making it particularly suitable for refurbishment or redevelopment projects aimed at capitalizing on the area's growth. According to recent consultations with the local council, the property is situated within the designated urban zone according to the Municipal Master Plan (PDM), enabling the construction of a new building. There is scope to increase the building's height by up to 10 meters and to develop a basement parking facility. This is a rare chance to transform a classic property into a landmark development—whether through careful refurbishment or by constructing a modern, high-specification building—offering excellent potential for appreciation in the dynamic Algarve property market.

6 bedroom villa

Data source: https://www.rightmove.co.uk/properties/159051824?currencyCode=GBP#/?channel=OVERSEAS