€1,100,000

Large luxury Apart Hotel project located in the riverside area of Portimão with 23 1 bedroom apartments + 10 garages + swimming pool and bar. It is proposed the construction of a luxury Apart Hotel for tourism purposes that will have a total construction area of 2,470 m2 and an area of patios + accesses + balconies of 865 m2. This project, with PIP in the final stages of approval, has as its main objective to change and requalify the existing building transforming it into a luxury hotel, promoting the tourist activity of the area offering the perfect combination of privacy and high quality amenities, ensuring a memorable stay. It is also possible to change it to something more suitableppropriate to the investor's needs. Investing in this project is a smart and promising decision. This specific plot in the heart of Portimão, with an approved project for the construction of a luxury Apart Hotel, represents a valuable potential return on investment. Located on the first line of the riverside area of Portimão, close to all amenities, hypermarkets, City Hall, services, commerce and easy access to the beaches, this historic building is a unique investment opportunity. With a prime location within walking distance of the beach, this property offers stunning views of the river, the city, the village and the surrounding urbanization. This unique property was built before 1952 and retains all its original charm and character. In addition, the property has a large garden that provides a quiet space to relax and enjoy the mild climate of the region. This is truly a unique opportunity to acquire a property with so much potential. We take care of your credit process, presenting the best solutions for you, through a credit intermediary certified by the Bank of Portugal. Don't miss the opportunity to invest in this historic and unique building in Portimão. Contact us today for more information and to arrange a viewing.