Description
This building, located in the historic center of Vila Real de Santo António, presents an excellent investment opportunity, especially for those looking for a combination of commercial and residential use in one of the region's most charming areas.
The price with machinery is €700,000 and without machinery is €600,000.
Building Description and Commercial Potential
Prime Location: Situated in a bustling area with high tourist traffic, the building is in the heart of the historic center, known for its Pombaline architecture, welcoming streets, and proximity to the Guadiana River. This setting offers a high potential for appreciation and profitability, making it especially attractive for hospitality and tourism businesses.
Commercial Space and Bread & Pastry Factory: On the ground floor, the building includes a fully equipped café with a terrace seating 30, ideal for attracting both local clientele and tourists. Additionally, a fully equipped bread and pastry factory adds unique value, allowing an integrated business for production and sales, which enhances customer flow and revenue generation potential.
Residential Space for Tourist Rentals or Private Accommodation: On the upper floors, the building includes an apartment on the first floor with one bedroom, kitchen, and two bathrooms, and another living space on the second floor with a living room, kitchen, one bedroom, and one bathroom. These floors are ideal for private accommodation or for tourist rental, a popular option in Vila Real de Santo António due to the proximity to beaches, the Spanish border, and the city's welcoming atmosphere.
Investment Advantages
Commercial Operation: The layout, with independent entrances, allows distinct commercial activities to operate separately, optimizing space use and profitability.
Leveraging Local Tourism: The city is a growing tourist destination, especially popular with those who appreciate the charm of traditional Algarve, the beaches of the Eastern Algarve, and the proximity to Ayamonte, Spain. This steady flow of visitors translates into potential clients for the café and terrace as well as for short-term rentals on the residential floors.
Space Versatility: The possibility of adapting the upper floors for the most desirable usewhether as local lodging or private residenceprovides flexibility that enhances the investment. The increasing tourism trend in the region and demand for alternative accommodation options ensure promising financial returns.
This property, with its unique features, is perfectly positioned to attract a diverse audience and ensure solid profitability in the short and long term. It is an investment opportunity with appreciation potential in one of the Algarve's most iconic areas.
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