Portimão (Algarve), Faro (Algarve) 8500, Portugal

MLS#: C0517-00005

$131,135 USD

€125,000 EUR

Total rooms
1
Minimum sellable space
68m²
The details

Property features

Date Updated: Nov 27, 2024

Construction details

Year built
1991

Area

Property size
68m²
Bathrooms
1
Total rooms
1

Description

Portimão, one of the Algarve's most vibrant cities, is known for its beautiful beaches, rich culture and growing economy. If you're looking for an investment opportunity that combines versatility and profitability, we have the perfect solution for you: an office that can be converted into a flat. Let's explore the advantages of this conversion, as well as the benefits of renting the property after the transformation.Investing in property in Portimão is a smart decision. The city attracts tourists all year round, which leads to a constant demand for flats. With this transformation, you not only increase the value of the property, but also broaden its options for use. This space can be adapted to become a modern one- or two-bedroom flat, ideal for holidaymakers or residents.One of the main attractions of turning an office into a flat is its flexibility. You can design the space according to your needs and preferences. This means that, as well as being able to rent out the property, you have the option of using it as a personal residence or even as a holiday location. The versatility of the space can be a great differentiator on the property market.Turning this office into a flat opens the door to a source of passive income. Renting out residential property is a common and lucrative practice in Portimão. With the growing demand for rentals, especially in high season, you can guarantee a steady stream of income. A well-located flat in a tourist town like Portimão tends to appreciate in value over time. This means that, in addition to the rental income, you can reap the rewards of a significant appreciation in the value of your investment over the long term.Portimão is a popular destination for tourists and locals alike, which translates into a high demand for rental properties. By transforming your office into a flat, you are strategically positioning yourself to take advantage of this growing market. The city has an infrastructure that attracts both tourists and residents, further increasing your chances of success in letting.One of Portimão's great differentials is its privileged location. With access to stunning beaches, such as Praia da Rocha, and a wealth of restaurants, shops and cultural activities, the city is a true paradise. Prospective tenants or buyers will certainly be attracted by all that Portimão has to offer. What's more, the proximity to other Algarve cities further enriches the experience of living or holidaying in the region.The property is situated in an easily accessible area, with public transport nearby and good road connections. This is a great attraction for potential tenants looking for convenience in their daily routines. In addition, the proximity to essential services such as supermarkets, schools and hospitals makes life more practical and enjoyable.If you're ready to take the next step and explore this incredible opportunity, don't hesitate to contact us. We're here to help you every step of the way and make sure your transformation is a success. Notes: Home Staging images are for illustrative purposes only

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Location

Portimão (Algarve), Faro (Algarve) 8500, Portugal
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