Description
This property offers an exceptional opportunity for investors seeking a turnkey asset in one of the Algarve’s most popular coastal destinations, or for buyers wishing to combine living and rental income within the same building. Its central location, quality renovation, and versatile layout make it a rare find in Albufeira’s historic old town, where demand for well-finished, multi-unit properties remains consistently strong.
Located in the heart of Albufeira’s historic centre, this beautifully renovated building presents a unique investment opportunity with two stylish apartments and a self-contained commercial studio, all within walking distance of the beach, restaurants, and the vibrant old town. Perfectly positioned for both long-term and holiday rentals, it blends traditional charm with modern comfort, appealing to lifestyle investors seeking flexibility and year-round demand.
The building comprises six en-suite bedrooms in total, thoughtfully arranged across three independent units. The ground-floor apartment offers two en-suite bedrooms, a spacious open-plan living and dining area with a fully fitted kitchen, and direct street access. The three-bedroom duplex occupies the first and second floors: on the main level, there is a bright living room, a separate kitchen with abundant natural light, a guest WC, a laundry/pantry area, and one en-suite bedroom. The upper level features two additional en-suite bedrooms, including a generous master suite with dressing area, private balcony, and a storage room that could be converted into an office or extra bedroom if required.
The independent commercial studio provides full autonomy with a fitted kitchenette and a bathroom with shower — ideal for short-term rentals or for use as a small business space. All units have been tastefully finished and equipped with air conditioning, underfloor heating, and solar panels for hot water, ensuring comfort and energy efficiency throughout the year.
Features and fittings mentioned are subject to agreement and verification between the vendor and the buyer
Energy rating: B–C
● Prime location in Albufeira Old Town
● Fully renovated building with three independent units
● Ground-floor apartment with two en-suite bedrooms
● Duplex apartment with three en-suite bedrooms (one on main level, two upstairs)
● Independent commercial studio with kitchenette and shower room
● Total of six en-suite bedrooms across the property
● Air conditioning and underfloor heating throughout
● Solar panels for hot water and improved efficiency
● Walking distance to beach, restaurants, and local amenities
● Excellent rental or mixed-use investment opportunity
