Commercial property for sale in Albufeira, Albufeira E Olhos De Água, Albufeira Algarve

If you are looking for a complete renovation project to redevelop a beautiful and historic landmark building in the bustling heart of Albufeira’s old town, this is it!

Formerly a Doctor’s medical practice, this commercial building has ten divisions, each with incredible but tired historic features, picture windows and timber floorboards. The floorplan would lend itself to residential conversion with five bedrooms plus plentiful space for family living. With high ceilings, a stunning key terrace overlooking the surrounding terracotta rooftops and views to the calçada stone pedestrianised streets, this building could make a stunning urban residence.

The property itself consists of two floors (first and second levels) plus the rooftop terrace. The ground floor retail units are specifically excluded. Access to the first floor is via a staircase from street level.

This recognisable property is fewer than 60 seconds to the famous Tunnel leading to Peneco beach beyond. Everything is close at hand, including local amenities, excellent seafood restaurants and Albufeira’s nightlife. Paid parking is available in a multistorey car park a short walk away or on-street nearby.

A stunning property with superb prospects for complete conversion and renovation. Due to the scale and scope of works required, this will suit an experienced construction professional or a buyer with budget and patience to engage with qualified partners experienced in developing historic landmarks.

Ref: CN10162