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Business opportunity for sale in Olhão

USD 1,725,478

Business opportunity (For sale)

5 bd
5 ba
1,819 sqft
Reference: EDEN-T97667926 / 97667926
Take a look at this fantastic investment opportunity: a five-apartment commercial property nestledin the heart of captivating Olhão a dynamic, resilient and growing town.Renowned for its traditional whitewashed cubist-style houses, narrow streets, and flat-roofedbuildings, this property offers glimpses into Olhãos rich Moorish influence and architecturalcharacter.Situated in close proximity to Faro International Airport, roughly 20 minutes away, it enjoysconvenient access for residents and visitors alike.Olhão';s history is steeped in fishing heritage, with the town serving as a prominent fishing port forcenturies. This is still evident today, in the bustling atmosphere of the local fish market, one of thelargest in the Algarve region, a short walk from this property.Conveniently located in the heart of Olhão's cubist town, this property offers easy access to shops,restaurants, and services, enhancing its appeal to residents and potential tenants alike.The building boasts a collection of apartments ranging from T0 to T2:T2 Apartments: Each unit comprises a living room, kitchen, two bedrooms, and a bathroom.Additionally, enjoy the luxury of a terrace spanning 37sqm, complete with a private dip pool.T1 Apartments: Open-plan living and dining areas, accompanied by a kitchen, bedroom, andbathroom. Ascend the stairs to discover a 42sqm terrace exclusively equipped with a plungepool and outdoor kitchen space.T0 Apartment: This cosy unit features a kitchen, bathroom, and an outdoor area ideal forsavouring panoramic views from the top floor.Natural light floods the interiors, enhancing the ambiance of each space. Sold fully furnished andequipped, amenities include electric blinds, double-glazed windows, air conditioning, and solarpanels. For added privacy, all apartments offer individual access via a charming internal courtyard.Beyond its historical significance, Olhão is a gateway to the breathtaking Ria Formosa Natural Park, aprotected wetland area renowned for its biodiversity and scenic beauty.Nature enthusiasts will delight in the park's diverse ecosystems, from marshes and sand dunes tosalt pans and barrier islands, offering opportunities for bird-watching, hiking, and boat tours amidstthis picturesque landscape.Don't miss out on this exceptional chance to invest in a property offering a variety of apartments,attractive features, and a prime location steeped in history and natural beauty. View more View less Take a look at this fantastic investment opportunity: a five-apartment commercial property nestledin the heart of captivating Olhão a dynamic, resilient and growing town.Renowned for its traditional whitewashed cubist-style houses, narrow streets, and flat-roofedbuildings, this property offers glimpses into Olhãos rich Moorish influence and architecturalcharacter.Situated in close proximity to Faro International Airport, roughly 20 minutes away, it enjoysconvenient access for residents and visitors alike.Olhão';s history is steeped in fishing heritage, with the town serving as a prominent fishing port forcenturies. This is still evident today, in the bustling atmosphere of the local fish market, one of thelargest in the Algarve region, a short walk from this property.Conveniently located in the heart of Olhão's cubist town, this property offers easy access to shops,restaurants, and services, enhancing its appeal to residents and potential tenants alike.The building boasts a collection of apartments ranging from T0 to T2:T2 Apartments: Each unit comprises a living room, kitchen, two bedrooms, and a bathroom.Additionally, enjoy the luxury of a terrace spanning 37sqm, complete with a private dip pool.T1 Apartments: Open-plan living and dining areas, accompanied by a kitchen, bedroom, andbathroom. Ascend the stairs to discover a 42sqm terrace exclusively equipped with a plungepool and outdoor kitchen space.T0 Apartment: This cosy unit features a kitchen, bathroom, and an outdoor area ideal forsavouring panoramic views from the top floor.Natural light floods the interiors, enhancing the ambiance of each space. Sold fully furnished andequipped, amenities include electric blinds, double-glazed windows, air conditioning, and solarpanels. For added privacy, all apartments offer individual access via a charming internal courtyard.Beyond its historical significance, Olhão is a gateway to the breathtaking Ria Formosa Natural Park, aprotected wetland area renowned for its biodiversity and scenic beauty.Nature enthusiasts will delight in the park's diverse ecosystems, from marshes and sand dunes tosalt pans and barrier islands, offering opportunities for bird-watching, hiking, and boat tours amidstthis picturesque landscape.Don't miss out on this exceptional chance to invest in a property offering a variety of apartments,attractive features, and a prime location steeped in history and natural beauty.
Reference: EDEN-T97667926
Country: PT
City: Olhao
Category: Commercial
Listing type: For sale
Property type: Business opportunity
Property size: 1,819 sqft
Rooms: 5
Bedrooms: 5
Bathrooms: 5

SALE PRICE PER SQFT IN OLHÃO

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 333
+6.4%
+11%
Apartment
USD 374
+2.8%
+5.5%

AVERAGE HOME VALUES IN OLHÃO

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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