The Palacete para Reabilitação is located in the heart of the historic center of Portimão, located on the charming Rua do Comércio, a pedestrian street full of charm and personality

Portimão, Faro, Portugal

For Sale

€650,000

REF: 895829 €650,000


8

3

610 m2

940 m2

Description

The Palacete para Reabilitação is located in the heart of the historic center of Portimão, located on the charming Rua do Comércio, a pedestrian street full of charm and personality. The majestic and imposing façade of the building dominates the commercial street, attracting the attention of all who pass by.

The property has a gross area of 940sqm. It has a project study of 7 apartments in the historic center of Portimão, a unique opportunity for those looking to invest in properties with economic potential. The area can be multiplied by reducing the existing high ceilings after licensing, making it possible to build a restaurant with a terrace on the pedestrian street or even a Local Accommodation or Hotel, with excellent living areas.

But it's not just the possibility of investment that makes this Palacete a unique place. With ceiling heights of up to 3.5 m, it is possible to create 7 beautiful residences, offering comfort and sophistication to future residents. If you are looking for a property in a prestigious location, with a welcoming atmosphere and rich history, this is the perfect place for you.

Portimão is a city located on the west coast of Portugal, in the district of Faro. Known for its natural beauty and for being a major tourist destination, Portimão is home to amazing beaches such as Praia da Rocha and Praia dos Três Castelos, as well as beautiful gardens, parks and the Arade Estuary Nature Reserve.

The city is also known for its rich history and cultural heritage, with ancient buildings and historic monuments including the Church of Nossa Senhora da Conceição, the Torre de Vigia de Alvor and the Fort of Santa Catarina. Furthermore, Portimão has a vibrant cultural scene, with a theatre, art galleries and a host of festivals and events throughout the year.

In summary, Portimão is a vibrant and charming city that offers a wide range of activities for all types of travellers. If you are looking for stunning beaches, rich history, incredible cuisine and lively nights, Portimão is the right choice. Established in Portugal over 20 years ago, Casas do Sotavento is a prestigious family business that stands out for the high quality standards of its products, projects and services.

Recognized both in Portugal and abroad, the company's mission is to provide an 'uncomplicated' and peaceful experience to its customers, employees, partners and investors. Casas do Sotavento's commitment is to treat everyone with the same respect and attention that it likes to receive. This philosophy is reflected in all stages of the processes and commercial relationship, from choosing the property to final delivery, with a focus on transparency, rigor and suitability in all interactions.

If you are looking for a reliable and experienced company to help you find the property or investment that meets your expectations, Casas do Sotavento is your trusted partner.
The Palacete para Reabilitação is located in the heart of the historic center of Portimão, located on the charming Rua do Comércio, a pedestrian street full of charm and personality. The majestic and imposing façade of the building dominates the commercial street, attracting the attention of all who pass by.

The property has a gross area of 940sqm. It has a project study of 7 apartments in the historic center of Portimão, a unique opportunity for those looking to invest in properties with economic potential. The area can be multiplied by reducing the existing high ceilings after licensing, making it possible to build a restaurant with a terrace on the pedestrian street or even a Local Accommodation or Hotel, with excellent living areas.

But it's not just the possibility of investment that makes this Palacete a unique place. With ceiling heights of up to 3.5 m, it is possible to create 7 beautiful residences, offering comfort and sophistication to future residents. If you are looking for a property in a prestigious location, with a welcoming atmosphere and rich history, this is the perfect place for you.

Portimão is a city located on the west coast of Portugal, in the district of Faro. Known for its natural beauty and for being a major tourist destination, Portimão is home to amazing beaches such as Praia da Rocha and Praia dos Três Castelos, as well as beautiful gardens, parks and the Arade Estuary Nature Reserve.

The city is also known for its rich history and cultural heritage, with ancient buildings and historic monuments including the Church of Nossa Senhora da Conceição, the Torre de Vigia de Alvor and the Fort of Santa Catarina. Furthermore, Portimão has a vibrant cultural scene, with a theatre, art galleries and a host of festivals and events throughout the year.

In summary, Portimão is a vibrant and charming city that offers a wide range of activities for all types of travellers. If you are looking for stunning beaches, rich history, incredible cuisine and lively nights, Portimão is the right choice. Established in Portugal over 20 years ago, Casas do Sotavento is a prestigious family business that stands out for the high quality standards of its products, projects and services.

Recognized both in Portugal and abroad, the company's mission is to provide an 'uncomplicated' and peaceful experience to its customers, employees, partners and investors. Casas do Sotavento's commitment is to treat everyone with the same respect and attention that it likes to receive. This philosophy is reflected in all stages of the processes and commercial relationship, from choosing the property to final delivery, with a focus on transparency, rigor and suitability in all interactions.

If you are looking for a reliable and experienced company to help you find the property or investment that meets your expectations, Casas do Sotavento is your trusted partner.
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Property on Map

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Currency Exchange

Portimão, Faro, 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 €650,000 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
€650,000 £538,402 £558,909 £20,508
Property Price € €650,000
Minimum cost in the last six months £538,402
Maximum cost in the last six months £558,909
Fluctuating exchange rates over the last six months could have increased the cost of this property by £20,508

Portimão, Faro, 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 €650,000 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
€650,000 £538,402 £558,909 £20,508
Property Price € €650,000
Minimum cost in the last six months £538,402
Maximum cost in the last six months £558,909
Fluctuating exchange rates over the last six months could have increased the cost of this property by £20,508

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 £20,508 more.

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