Description
Imobipera would like to draw attention to an excellent business opportunity, yes, you read that right, given all the potential of this property, given the extremely central location where it is located, in downtown Albufeira, for those looking for a safe investment with a high level of profitability, this will be the right choice.
What we have to present is a house dating from the 70s, which has been periodically intervened so that its habitability and safety are never neglected, including, at this moment, remodelling works are underway that will add even more value to this property.
This three-storey villa plus basement currently has a total of five bedrooms, four living/dining rooms, four kitchens/kitchenettes, four bathrooms and a total of eleven divisions between pantries, storage areas, laundry and balconies (some closed in sunroom). The upper floors have sea views and city views.
The property, which has a gross area of 305sqm, divided by the aforementioned floors, although it can perfectly be considered for a permanent housing perspective, has in the potential for profitability its great added value.
Given its configuration, a scenario such as dividing the floors, giving them independent entrances, creating apartments in each of them and making them profitable individually, or converting the property to the point that it can allow various business options such as 'Hostel', 'Bed & Breakfast', 'Residential', among others, can create an exponential increase in the initial investment.
As already mentioned, this property is located in downtown Albufeira in one of its most picturesque streets, in the historic Travessa do Malpique, just a few steps from the charismatic Largo Eng. Duarte Pacheco and about 300 meters from the famous Fisherman's Beach, providing easy access to restaurants, shops and the famous nightlife that characterises the City of Albufeira, this is still one of the main tourist destinations in the Algarve, with a very high occupancy rate when compared to other parts of the country.
Don't miss this opportunity to acquire a property that can become extremely profitable and with enormous potential for appreciation. For more information or to schedule a visit, please contact us!
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