This building, located in the historic center of Vila Real de Santo António, presents an excellent investment opportunity, especially for those looking for a combination of commercial and residential use in one of the region's most charming areas

Vila Real de Santo António, Faro, Portugal

For Sale

€600,000

REF: 903848 €600,000


2

2

180 m2

180 m2

Description

This building, located in the historic center of Vila Real de Santo António, presents an excellent investment opportunity, especially for those looking for a combination of commercial and residential use in one of the region's most charming areas. The price with machinery is EUR700,000 and without machinery is EUR600,000.

Building Description and Commercial Potential Prime Location: Situated in a bustling area with high tourist traffic, the building is in the heart of the historic center, known for its Pombaline architecture, welcoming streets, and proximity to the Guadiana River. This setting offers a high potential for appreciation and profitability, making it especially attractive for hospitality and tourism businesses.

Commercial Space and Bread & Pastry Factory: On the ground floor, the building includes a fully equipped café with a terrace seating 30, ideal for attracting both local clientele and tourists. Additionally, a fully equipped bread and pastry factory adds unique value, allowing an integrated business for production and sales, which enhances customer flow and revenue generation potential.

Residential Space for Tourist Rentals or Private Accommodation: On the upper floors, the building includes an apartment on the first floor with one bedroom, kitchen, and two bathrooms, and another living space on the second floor with a living room, kitchen, one bedroom, and one bathroom. These floors are ideal for private accommodation or for tourist rental, a popular option in Vila Real de Santo António due to the proximity to beaches, the Spanish border, and the city's welcoming atmosphere.

Investment Advantages Commercial Operation: The layout, with independent entrances, allows distinct commercial activities to operate separately, optimizing space use and profitability. Leveraging Local Tourism: The city is a growing tourist destination, especially popular with those who appreciate the charm of traditional Algarve, the beaches of the Eastern Algarve, and the proximity to Ayamonte, Spain.

This steady flow of visitors translates into potential clients for the café and terrace as well as for short-term rentals on the residential floors. Space Versatility: The possibility of adapting the upper floors for the most desirable usewhether as local lodging or private residenceprovides flexibility that enhances the investment.

The increasing tourism trend in the region and demand for alternative accommodation options ensure promising financial returns. This property, with its unique features, is perfectly positioned to attract a diverse audience and ensure solid profitability in the short and long term. It is an investment opportunity with appreciation potential in one of the Algarve's most iconic areas.
This building, located in the historic center of Vila Real de Santo António, presents an excellent investment opportunity, especially for those looking for a combination of commercial and residential use in one of the region's most charming areas. The price with machinery is EUR700,000 and without machinery is EUR600,000.

Building Description and Commercial Potential Prime Location: Situated in a bustling area with high tourist traffic, the building is in the heart of the historic center, known for its Pombaline architecture, welcoming streets, and proximity to the Guadiana River. This setting offers a high potential for appreciation and profitability, making it especially attractive for hospitality and tourism businesses.

Commercial Space and Bread & Pastry Factory: On the ground floor, the building includes a fully equipped café with a terrace seating 30, ideal for attracting both local clientele and tourists. Additionally, a fully equipped bread and pastry factory adds unique value, allowing an integrated business for production and sales, which enhances customer flow and revenue generation potential.

Residential Space for Tourist Rentals or Private Accommodation: On the upper floors, the building includes an apartment on the first floor with one bedroom, kitchen, and two bathrooms, and another living space on the second floor with a living room, kitchen, one bedroom, and one bathroom. These floors are ideal for private accommodation or for tourist rental, a popular option in Vila Real de Santo António due to the proximity to beaches, the Spanish border, and the city's welcoming atmosphere.

Investment Advantages Commercial Operation: The layout, with independent entrances, allows distinct commercial activities to operate separately, optimizing space use and profitability. Leveraging Local Tourism: The city is a growing tourist destination, especially popular with those who appreciate the charm of traditional Algarve, the beaches of the Eastern Algarve, and the proximity to Ayamonte, Spain.

This steady flow of visitors translates into potential clients for the café and terrace as well as for short-term rentals on the residential floors. Space Versatility: The possibility of adapting the upper floors for the most desirable usewhether as local lodging or private residenceprovides flexibility that enhances the investment.

The increasing tourism trend in the region and demand for alternative accommodation options ensure promising financial returns. This property, with its unique features, is perfectly positioned to attract a diverse audience and ensure solid profitability in the short and long term. It is an investment opportunity with appreciation potential in one of the Algarve's most iconic areas.
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Currency Exchange

Vila Real de Santo António, 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 €600,000 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
€600,000 £496,986 £515,670 £18,684
Property Price € €600,000
Minimum cost in the last six months £496,986
Maximum cost in the last six months £515,670
Fluctuating exchange rates over the last six months could have increased the cost of this property by £18,684

Vila Real de Santo António, 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 €600,000 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
€600,000 £496,986 £515,670 £18,684
Property Price € €600,000
Minimum cost in the last six months £496,986
Maximum cost in the last six months £515,670
Fluctuating exchange rates over the last six months could have increased the cost of this property by £18,684

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 £18,684 more.

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