Historic property in the old town of Pêra and with enormous business potential taking into account its volume and characteristics.
There are several different items, including old houses, warehouses, two large shops, a restaurant space, a 'manorial' building and large patios, terraces and a basement.
It presents perfect conditions for a charming hotel project or even to idealise a condominium.
The possibility of a restoration and keeping the existing one is also a strong possibility.
About 2,200m2 of total area with just over 1,000m2 of construction.
If we consider only the construction area, we have a little more than €1,000/m2 and we still have the entire area of public places.
The village of Pêra has a very interesting location and is very strategic. It is about 2.5 kilometres from the beautiful Praia Grande, 5 minutes by car from the centre of Armação de Pêra, 10 minutes by car from Albufeira, 35 kilometres from Faro airport and next to the national road 125 that crosses the entire Algarve and finally, close to the large retail shopping area where you can find Algarve Shopping, Makro, Leroy Merlin, etc,...
Energy Rating: C
#ref:PR-008
Old building for requalification in the centre of Pêra, with enormous business potential.
Pêra
Building • 10764 sq ft (1000 m²) • ref: PR-008
$1,294,200
Surfaces
Living area10764 sq ft (1000 m²)
Land0.54 ac (2200 m²)
Usable10764 sq ft (1000 m²)
Pêra
The agent has not provided the exact address for this property. You can request it here.
TypeBuilding
ConditionRequires updating
Energy efficiency rating
C
Algarvedreamproperty
Phone number
+351 ...
Algarvedreamproperty
+351 289 582 041
Urbanização Mercado Novo, Loja 8 Torre da Medronheira- Olhos de Água
Albufeira e Olhos de Água, Albufeira