4 Buildings least recent, for Sale, in Portimão, near Commerce

Opportunity, Residential building in Portimão comprising a 3 bedroom duplex flat and a 2 bedroom flat. On the ground floor there is a 2-bedroom flat comprising a hall, two bedrooms, a large living room with access to a terrace, a fully equipped kitchenette, a bathroom and a large terrace.
On the 1st floor there is a 3-bedroom apartment comprising a hall, three bedrooms, a large living room, a fully equipped kitchenette, a bathroom with shower, on the 2nd floor there is a laundry room and a large terrace.
Located in an ARU area (Urban Rehabilitation Area) with the possibility of financial incentives and tax exemptions.

Nearby are the most beautiful beaches, Portimão’s riverside area and its urban centre. The main access roads (EN125 and A22) make its location an additional attraction, allowing you to enjoy the natural beauty of the Algarve, its beaches and its gastronomy.

Points of interest include the historic centre of Portimão, the Manuel Teixeira Gomes House, TEMPO (Portimão Municipal Theatre), the Portimão Museum, as well as the municipality’s beautiful beaches.
The various public and private services, including schools, nurseries and health services, shops, hotels and restaurants complement everything the city has to offer.

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REF PRD-5001

This historic building, with a privileged location in Portimão city centre, is a unique opportunity for those looking for a space that can be refurbished and converted into commerce, hotel, local accommodation or restaurants, considering that it has a good terrace and easy pedestrian access. It can also be transformed into a residential building.

The building for refurbishment has a gross area of 681.80 m², distributed over 3 floors:
- On the ground floor, we have 3 independent units, being 2 fractions warehouses of 108.40 m² and 98 m² respectively and 1 unit with potential for commercial space of 68 m²;
- The 1st floor is composed of 10 rooms, totalling 133.00 m².
- The 2nd floor is composed of 7 rooms, totalling 133,00 m².

There is a project study for the realization of 7 residential flats, which considers keeping the façade, changing floors and interior divisions, adding an intermediate floor to obtain the residential building.

The building is inserted in an ARU zone (Urban Rehabilitation Area).

Its surroundings are made up of a variety of services within a few minutes walk, where there are cafés, bars, restaurants with a huge gastronomic variety, shops, theatres and sports facilities for all tastes.

The corner building has sun exposure to the South, on rua do Carvalho and to the East, on rua Portas da Serra. As points of interest we have 7 min walk to the waterfront, 10 min drive to Praia da Rocha and 8 min walk to the Portimão Market.

REF:PRD-5443.

Building with backyard, dedicated to housing and services, for investment.

Located on the riverfront, in a prime area of the city, in the extension of the Atrium Arade building, towards Ponte Velha.

In an advanced state of degradation, it is located in front of the river and city park.
Total area: 316 m2; Number of floors: 2
Consisting of 4 stores on the ground floor, with 39.5m2 each, intended for Commerce and a 1st floor with 158m2, used for Housing.
Price: €850,000

Given its excellent location - front overlooking the river, historic area of the city, centrality and tourist hub in the midst of rehabilitation - this property constitutes, in itself, enormous potential in terms of reconstruction or, perhaps preferably, demolition and targeted construction for the exploration of a business center with different values and functionalities, hotel unit, residence for students or whatever type of business area according to each person’s dreams and imagination.

However, because it is located in a historic and urban rehabilitation area (ARU), the interventions to which it is subject will be able to benefit from a significant set of support and tax benefits, which constitutes an added value for any investor.
This situation will always have to be subject to prior consultation with the respective services of the Portimão municipality.

ARU - Urban Rehabilitation Areas -

«Urban rehabilitation area means the territorially delimited area which, due to the insufficiency, degradation or obsolescence of buildings, infrastructures, equipment for collective use and urban and green spaces for collective use - particularly with regard to to its conditions of use, solidity, safety, aesthetics or healthiness - justify an integrated intervention, through an urban rehabilitation operation approved in a specific instrument or in a detailed urban rehabilitation plan...»
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TAX BENEFITS:

a) Exemption from municipal tax on properties for a period of three years, counting from the year inclusive of the completion of rehabilitation works, which may be renewed, at the owner’s request, for another five years in the case of properties allocated for lease for permanent housing or own permanent housing;
b) Exemption from municipal tax on the onerous transfer of properties in the acquisition of properties intended for rehabilitation interventions, provided that the purchaser begins the respective works within a maximum period of three years from the date of acquisition;
c) Exemption from municipal tax on the onerous transfers of properties in the first transfer, subsequent to the rehabilitation intervention, of a property to be rented for permanent housing or, when located in an urban rehabilitation area, also for permanent housing;

PORTIMÃO (Municipality) - EQUIPMENT:

In addition to the equipment specifically designed for sun and beach tourism, it is also equipped with a set of infrastructures of relevant and significant interest for the development and progress of not only the municipality but the region itself - Algarve.

* Algarve International Circuit
- a 4,692 km (2,916 mi) racing circuit located approximately 16 km from the center of Portimão, in the parish of Mexilhoeira Grande.
It became known for hosting the Formula 1 World Championship in 2020, won by Lewis Hamilton, who broke the race track record with 1:16.652.

* Portimão Municipal Aerodrome
- one of the main aerodromes in Portugal, located in Montes de Alvor, Portugal, seven kilometers from Portimão.
Its main activity, in addition to regular flights (light planes and helicopters), extends to parachuting experiences, panoramic observation flights and aerial advertising in addition to those linked to civil and medical emergency situations.

* Commercial Port of Portimão
- Essentially aimed at tourism, as a transit point and destination for cruises.

Land in Portimão with approved project for 40 apartments

Located near the Aqua Portimão Shopping Mall (+/- 200 m away) and close to all existing commercial areas (Leroy, Maxmat, Decathlon, Burger King, Worten, Pingo Doce, Portimão Retail Center, etc.)

The project has been approved for 40 units (approved on 10.02.2023) and all specialty projects have been submitted to the City Council.

Areas and Typologies:

16 T1 + 24 T2

Construction area above ground = 3,495.40 m2 (4 floors of housing)
Basement construction area = 1,168.00 m2

Total construction area (basement + housing) = 4,663.40 m2