Building - Centro, Olhão, for sale
- 13
- 6
- 516m2
- 994m2
- 13
- 6
- 516m2
- 994m2
Investment Building for Sale in Olhão
Located near RiaShopping in Olhão, this building offers easy access to all city services, providing a practical and vibrant lifestyle. The property can be considered for two types of investment: conservative, maintaining it for rental income from its 7 fractions, or aggressive, expanding it into a multifamily project with five floors and a basement, offering housing, commerce, and parking.
Building near RiaShopping in Olhão, with access to all city services and shops on foot, providing a practical and vibrant living experience.
The property can be viewed from two business perspectives:
- Conservative investment that may maintain the entire property and extract the highest profitability through rents on the 7 divisible fractions of the property;
- Aggressive investment that involves retaining the iconic 1950s housing, incorporated into a multifamily expansion project with five floors and a basement, comprising 1600m2 of housing, 300m2 of commerce or services, and surrounding area for parking and/or pool and common area.
The anchor residence of this building, with uncommon areas and 4-meter-high ceilings, in the style of Architect Raul Lino. The classic charm, frescoes, and noble wood confer upon it suggest a bridge between the old and modern comfort, making it ideal for both family living and investors (restoration, ...).
Schedule a visit and discover the full potential of these properties in Cubo do Algarve.
Property Features
- Terrace
- Garage
- Built year: 1970
- Floors: 2
- Drive way
- Conservatory
- Storage / utility room
- Views: City view
- Guest cottage
- Pantry
- Main drainage
- Central location
- Parking space
- Sealed land area
- Energetic certification: Exempt
- Solar orientation: North, South
- Mains water
- Balcony
- Renovation year: 2002
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