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COMMERCIAL

Algarve, Albufeira, Portugal

€550,000
Cerronovo, Albufeira
PROPERTY TYPE

Commercial Property

BEDROOMS

5

BATHROOMS

2

SIZE

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Key features

  • 5 bedrooms
  • 2 bathrooms
  • Construction year: <1951

Description

If you are looking for a complete renovation project to redevelop a beautiful and historic landmark building in the bustling heart of Albufeira’s old town, this is it!

Formerly a Doctor’s medical practice, this commercial building has ten divisions, each with incredible but tired historic features, picture windows and timber floorboards. The floorplan would lend itself to residential conversion with five bedrooms plus plentiful space for family living. With high ceilings, a stunning key terrace overlooking the surrounding terracotta rooftops and views to the calçada stone pedestrianised streets, this building could make a stunning urban residence.

The property itself consists of two floors (first and second levels) plus the rooftop terrace. The ground floor retail units are specifically excluded. Access to the first floor is via a staircase from street level.

This recognisable property is fewer than 60 seconds to the famous Tunnel leading to Peneco beach beyond. Everything is close at hand, including local amenities, excellent seafood restaurants and Albufeira’s nightlife. Paid parking is available in a multistorey car park a short walk away or on-street nearby.

A stunning property with superb prospects for complete conversion and renovation. Due to the scale and scope of works required, this will suit an experienced construction professional or a buyer with budget and patience to engage with qualified partners experienced in developing historic landmarks.

REF: CN10162

Algarve, Albufeira, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    17.1 miles
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About the agent

Cerronovo, Albufeira

Rua Samora Barros, C.C. Loja 7, Cerro Grande Albufeira Algarve 8200-178

Cerronovo, Albufeira

Cerro novo is the longest established (1981) officially licensed real estate agency in the coastal City of Albufeira and is exceptionally well experienced in all property matters. We are a team of highly motivated multilingual property professionals offering a personal property-finding service for our buyers and investors. We also provide carefully tailored marketing packages for our vendors with extensive international marketing. Our relocation assistance and after-sales service is second to

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Notes

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This is a property advertisement provided and maintained by Cerronovo, Albufeira (reference 274472_CN10162) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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