This lovingly restored house with 11 bedrooms is located in the center of the old town of Portimão, close to all the amenities this thriving city has to offer, a few steps take you down onto the riverside with its lovely walkway down to the Praia da Rocha beach

Portimão, Portugal

For Sale

€1,499,000

REF: 643595 €1,499,000


11

11

Description

This lovingly restored house with 11 bedrooms is located in the center of the old town of Portimão, close to all the amenities this thriving city has to offer, a few steps take you down onto the riverside with its lovely walkway down to the Praia da Rocha beach. Heading the other way you will be in the enchanting center of Portimao itself with its plethora of cafes, restaurants, shops, museums and theatres.

This location gives you all you need for modern day living. The house is spread over 4 floors and with it's 730 m2 gives you more than enough space to create your ideal home, or maybe this could be the ideal business opportunity that you have been looking for, this would be an ideal location for a small boutique hotel for example.

The main part of the property consists of the ground floor area with 2 large en suite bedrooms, a guest bathroom, a large open plan area and a patio area. Up the feature staircase to the first floor you will find a lovely fully fitted kitchen with Bosch appliances, a large dining area and living area.

Also on this floor you have 4 bedrooms and 4 bathrooms. On the next floor you will find a double bedroom, a bathroom and another room which could be used as an additional bedroom or an office space From this level you have access to the large rooftop terraces complete with a BBQ/Kitchen area and an exquisite outdoor Hot tub.

The property also includes an independent apartment where you will find 3 of the 11 bedrooms the house has to offer, a fully fitted kitchen dining and living room and 2 bathrooms, there is also a patio at this level with access from 2 of the bedrooms. This lovely property really needs to be viewed to appreciate the quality of the restoration and the opportunities that the area has to offer.      CHARACTERISTICS:Area: 730 m2 | 7 858 sq ftBuilding Area: 730 m2 | 7 858 sq ftBedrooms: 11Bathrooms: 11Energy efficiency: Certification in progressFEATURES:Eleven bedrooms Equipped Kitchen Terrace Jacuzzi Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
This lovingly restored house with 11 bedrooms is located in the center of the old town of Portimão, close to all the amenities this thriving city has to offer, a few steps take you down onto the riverside with its lovely walkway down to the Praia da Rocha beach. Heading the other way you will be in the enchanting center of Portimao itself with its plethora of cafes, restaurants, shops, museums and theatres.

This location gives you all you need for modern day living. The house is spread over 4 floors and with it's 730 m2 gives you more than enough space to create your ideal home, or maybe this could be the ideal business opportunity that you have been looking for, this would be an ideal location for a small boutique hotel for example.

The main part of the property consists of the ground floor area with 2 large en suite bedrooms, a guest bathroom, a large open plan area and a patio area. Up the feature staircase to the first floor you will find a lovely fully fitted kitchen with Bosch appliances, a large dining area and living area.

Also on this floor you have 4 bedrooms and 4 bathrooms. On the next floor you will find a double bedroom, a bathroom and another room which could be used as an additional bedroom or an office space From this level you have access to the large rooftop terraces complete with a BBQ/Kitchen area and an exquisite outdoor Hot tub.

The property also includes an independent apartment where you will find 3 of the 11 bedrooms the house has to offer, a fully fitted kitchen dining and living room and 2 bathrooms, there is also a patio at this level with access from 2 of the bedrooms. This lovely property really needs to be viewed to appreciate the quality of the restoration and the opportunities that the area has to offer.      CHARACTERISTICS:Area: 730 m2 | 7 858 sq ftBuilding Area: 730 m2 | 7 858 sq ftBedrooms: 11Bathrooms: 11Energy efficiency: Certification in progressFEATURES:Eleven bedrooms Equipped Kitchen Terrace Jacuzzi Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

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Currency Exchange

Portimão, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,499,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,499,000 £1,246,988 £1,290,069 £43,081
Property Price € €1,499,000
Minimum cost in the last six months £1,246,988
Maximum cost in the last six months £1,290,069
Fluctuating exchange rates over the last six months could have increased the cost of this property by £43,081

Portimão, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,499,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,499,000 £1,246,988 £1,290,069 £43,081
Property Price € €1,499,000
Minimum cost in the last six months £1,246,988
Maximum cost in the last six months £1,290,069
Fluctuating exchange rates over the last six months could have increased the cost of this property by £43,081

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £43,081 more.

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