€425,000

Garage/Parking for sale Albufeira
Property photo number 1 of 7 Photos for Property. File 102117058_4_b26ba720422b7acd9fa5452f49ffa173.jpeg

Overview

SUMMARY: Discover an opportunity with this Albufeira garage/parking for sale and available for €425,000. This could be your next ideal home or a smart investment. More details await.

Premium Investment in Albufeira: Car Park, Lock-up Garages and Office with High Yield
*A Unique Opportunity in the Heart of Albufeira!*
We present a strategic property with a total area of *450 m²*, designed for investors seeking a solid

and diversified cash flow. Located in a central area in high demand, this property combines logistics, storage and residential/office income.
Layout:
*7 Enclosed Garages: Spacious and secure, with the possibility of an eighth garage – all fitted with automatic gates.
* 5 Storage Units: Ideal for self-storage or logistical support for local businesses.
* 2-Bedroom Office (Rented Out): Currently let, guaranteeing a fixed and immediate source of income.
*Easy Logistics: Street-level entrance with private outdoor parking next to the main gate, facilitating loading, unloading and quick access.
* Financial Performance:
This is a business with clear figures and a return above the market average:
* *Estimated Monthly Income:* Between *€5,000 and €6,000*.
* *Yield per m²: €18 to €21, highly competitive figures for the central area of Albufeira.
Strategic Advantages:
*Prime Location: Situated in a central area with a chronic shortage of parking and storage spaces.
*Total Versatility: Ideal for car hire, ‘last mile’ logistics, a car detailing workshop, or maintaining the current subletting structure.
Key Advantages:
*Prime Location: Situated in a central area with a chronic shortage of parking and storage space.
*Total Versatility: Ideal for car hire, last-mile logistics, a car detailing workshop, or maintaining the current fractional subletting structure.
*Security and Comfort:* Fully automated gates and easy, ground-level access.
*Don’t miss this opportunity to acquire a multifunctional property with guaranteed returns.

#ref: 888531

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Details

  • Neighborhood: Albufeira e Olhos de Água
  • Beds: 0
  • Baths: 0
  • Price: €425,000
  • Reference No.: ZAZY-T107119
  • Area: 450 m2

Location

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