€600,000

Albufeira

Overview

SUMMARY: Discover an opportunity with this Albufeira commercial/retail for sale and available for €600,000. This could be your next ideal home or a smart investment. More details await.

Located on the main street of Albufeira, this large two-storey commercial space is leased to

a single tenant and has almost 10 years left on the lease, ensuring long-term stability. - Monthly income: 3,500, updated annually by the inflation index (CPI); - Tenant bears the condominium charges; - Current gross profitability: 7%. Net profitability is close to gross profitability; - Fully equipped kitchen with fume extraction, professional equipment
and storage area. It is a safe, income-generating asset in a prime tourist location, offering investors a solid return and continuously growing. Albufeira is internationally recognised for its beaches, there are more than twenty beaches, all with unique characteristics, from the wonderful beaches with cliffs to the beaches of extensive sand and golden tone. Characterized by its seafood and fish-based cuisine, like much of the Algarve, it is distinguished by the exceptional quality of the most varied restaurants present here. Albufeira has the most complete nightlife in the Algarve, being recognised for the fantastic nights it provides to all who visit it. Don't miss this excellent opportunity! Energy Rating: C #ref:BOT_1477 - BOT_1477 - Literal Real Estate Brokers, Lda

Request details

Details

  • Beds: 0
  • Baths: 4
  • Price: €600,000
  • Internal Reference No.: 131034005
  • Area: 392 m2

Location

Marketed by:

  • Literal Real Estate Brokers, Lda
See all properties from this agent
Request details

Frequently Viewed

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


Viewed 0 times.

Search more listings