Building in Art-deco Style

€890,000

11 Rooms
510 m² Total surface
510 m² Living area
332 m² Plot surface

Description

Welcome to a journey through history in the heart of Portimão's historic centre. An exceptional property, discreetly positioned behind the Mother Church, not only waits to be discovered, but also yearns to be reborn in a new light. Built at the beginning of the 20th century, this emblematic residence transcends the ages with its charm, revealed by wrap-around ceilings, delicate mouldings and the use of noble materials such as wrought iron, Riga wood and Escaiola, symbols of timeless luxury. With 5 independent entrances and 2 accesses dedicated to the storage/garage space, this property presents itself as a blank canvas, allowing you to let your imagination run wild. Currently divided into 3 spacious apartments, a commercial space and a generous 332m2 basement, each with its own independent entrance, it offers unprecedented flexibility. Consisting of two habitable floors and a basement, and set in an ARU (Urban Redevelopment Area) zone - it is a rare investment opportunity, offering the chance to bring its spaces to life by creating unique residences, a guest house full of character or a "Bed & Breakfast", where past and present blend harmoniously. The call to renovate resounds like a whisper: an invitation to bring every corner to life, revealing its hidden potential. Explore this exceptional property and let yourself be transported through time during a visit, as it longs to become the stage for your vision and blossom into a new era of opportunity.

Features

BalconyBasementAttic

Engel & Völkers Portimao

+351 282 071 131

Your advisor: Noémie da Silva

Property ID: W-02U4LG

Location: Portimão, Faro District

The property is located in a quiet area of the city of Portimão. Close to where you'll find brand-name shops, cafés with terraces, renowned restaurants, theatres and all the other amenities. In the centre of what is the 2nd largest city in the Algarve and the largest in the Central/West Algarve, with around 45K inhabitants. Portimão stands out for its tourist attractions, pulse and dynamism and for the diversity of activities that make its day-to-day life intense and marked by a rhythm that continues throughout the year. It is a 1-minute walk from the banks of the River Arade, which cuts through this charming town. Along the banks you'll find numerous restaurants offering fresh fish and seafood dishes, the best representatives of the rich local gastronomy. In recent years, the mouth of the River Arade has been the stage for major events, such as the Portuguese race in the F1 international motorboat championship. Portimão is currently the third port in Portugal (only behind Lisbon and Funchal) to receive the most cruise ship passengers, thus reinforcing quality tourism. It is home to the Autódromo Internacional do Algarve and has industrial centres related to fishing and services, as well as the Arena, the largest multi-purpose pavilion south of the Tagus. A pleasant 15-minute walk after your meal will take you to the stunning and world-famous Praia da Rocha. With its vibrant nightlife, it is one of the Algarve's most popular seaside resorts. It offers a vast expanse of pristine golden sand (1.5 kilometres), crystal-clear waters that reflect myriad shades of blue, surrounded by an idyllic landscape, with the whimsical rocks that give it its name.