A rare investment opportunity in Portimão, this outstanding parcel of land is situated in one of the city's most coveted locations, adjacent to the picturesque riverside district. Ideally positioned just minutes from the Naval Club, the charming Fishing and Canning History Museum, and a diverse selection of renowned restaurants specializing in seafood and local cuisine, the site offers vibrant urban living combined with scenic waterfront views. Proximity to Portimão Marina, celebrated for its stunning beauty and excellent facilities, caters to nautical enthusiasts and those seeking tranquil seaside moments. The approved development plan features a sophisticated five-story building with two underground parking levels, comprising eight modern two-bedroom apartments—four units of 55.02m² and four units of 56.78m²—designed for comfort and style. The scheme also includes a ground-floor commercial space of 37.95m², ideal for retail or hospitality ventures, along with two versatile storage units and ten parking bays to accommodate residents and visitors. An exclusive rooftop terrace spanning 104.47m² offers panoramic views of the city and river, perfect for hosting events or relaxing leisure time. Situated amidst an iconic area rich in cafés, bars, cultural attractions, and vibrant tourism, the property benefits from excellent accessibility, with Faro International Airport just a 50-minute drive away, opening doors for international visitors and increasing its potential for value appreciation. This fully approved project presents a distinctive chance for investors or developers seeking a high-end residential and commercial development in a prime Portimão location. Contact us today for further details or to arrange a viewing and become part of this exclusive coastal development.

Block of apartments

Data source: https://www.rightmove.co.uk/properties/133770263?currencyCode=GBP#/?channel=OVERSEAS