Opis
Privileged location: The centre of Albufeira is one of the most sought after areas by tourists and visitors, as it offers easy access to several leisure options, such as restaurants, bars, shops, among others. In addition, being just 5 minutes from the beach allows locals or tourists to enjoy moments of relaxation and fun.
Potential for real estate appreciation: Owning a building in the centre of Albufeira, one of the most valued areas of the city, can bring significant returns in the long run. In addition, the possibility of expanding the building can further increase its market value.
Flexibility of use: With a building that can be expanded, it is possible to adapt the space to meet different needs, whether for residential or commercial use.
Investment in a property with multiple units:
Buying a building with three floors and separate compartments gives you the advantage of having multiple units in a single investment. This allows you to diversify your source of income and decrease your dependence on a single tenant or property.
Stable income potential: By having different units, it is possible to rent each compartment separately, which can ensure a stable and ongoing source of income. In addition, the building's privileged location in the centre of Albufeira increases the potential for rental demand, especially for tourists and visitors.
Potential for appreciation: The fact that the building is located in the centre of Albufeira, a valued area, suggests a good potential for appreciation of the property over time. The demand for properties in this region tends to be high, which can result in significant capital gains in the future.
Infrastructure and quality materials: The described building has a solid structure, with brick masonry walls and quality materials such as wooden tiles, tiles, and wooden frames. This contributes to the building's durability, aesthetics, and overall value.
Parking and storage: The presence of a garage on the ground floor and storage compartments offers additional advantages. Parking is always a valued amenity in urban areas, while storage areas provide additional space for residents or tenants to store personal belongings.
Terrace, balcony and patio: The building offers outdoor spaces, such as a terrace, balcony and patio, where residents or tenants can enjoy moments of leisure, relaxation and conviviality. These outdoor spaces are a plus, especially in urban areas.
Building Description:
The building consists of 3 floors, consisting of a floor on the ground floor, 1st and 2nd floor set back, which have the following compartments that all have windows to the outside:
GROUND FLOOR - Garage and storage room
With 2 compartments, one for the garage, with a surface area of 8.20 m2 and the other for the storage room, with a surface area of 14 m2, a toilet with a surface area of 2.30 m2,
1st FLOOR - Living room, kitchen, maid facilities, pantry, toilets and small patio.
With 2 rooms, with a covered area of 27.40 m2 and 9.70 m2, kitchen with a surface area of 12.90 m2, bathroom with a covered area of 3.40 m2, toilet with a surface area of 2.30 m2, storage rooms with a surface area of 3.90 m2 and a hallway with a surface area of 6.55 m2 and a terrace that is part of the backyard.
2ND FLOOR SET BACK - 3 bedrooms, office, bathroom, balcony and access to the patio.
With 4 rooms, with a covered area of 12.70 m2, 10 m2, 8.40 m2 and 8.80 m2, bathroom, with a covered area of 6.20 m2, hallway with a surface area of 6.30 m2, which all makes up a covered area of 195.85 m2.
Important note; Subject to written confirmation, this building will allow another floor and still about 50 m2 of construction in the backyard (subject to municipal confirmation)
Energy Rating: Exempt
