Here you live in the city's historic quarter, surrounded by palm-lined squares, cozy cafes and the lively atmosphere of the Old Town right outside your door. From the old square you walk along the river promenade where the palm trees frame the view and create a genuine southern Portuguese feel. At the same time, you are close to the famous Praia da Rocha beach, one of the Algarve's most iconic sandy beaches with dramatic rock formations and crystal clear water.
The apartment is located on the top floor and offers a bright and open feel with views of the area, the Arade River and a distant sea view. The high location creates an exclusive atmosphere reminiscent of a penthouse while maintaining privacy and tranquility.
The property has undergone several important upgrades, including new electrical and plumbing installations, new double-glazed windows (only two older windows remain) and air conditioning in two rooms. The bathroom is fully tiled and equipped with a shower where you can also enjoy an unusual and beautiful view of the water, a detail that really makes this property unique.
The building has also recently been improved. The roof has been completely renovated and waterproofed and will be supplemented with additional insulation, which will improve the energy efficiency and comfort of the home.
One of the most unique qualities of the home is the exclusive access to the private roof. The only possible access is via this apartment, which opens up the possibility of creating a private roof terrace, something that is very unusual in the city center.
With an estimated investment of around 10,000-15,000 euros, there is potential to develop a spectacular roof terrace with panoramic views of the river and the city, possibly in combination with the installation of solar panels. This can further increase the value of the home and create a unique lifestyle environment.
The area is currently undergoing a clear quality development. Directly below the building, a new four-star hotel is being built with a planned roof terrace, panoramic bar, swimming pool and social areas. The project will strengthen the attractiveness of the area and create an even more vibrant urban environment by the river, while the view from the apartment remains open thanks to its high location.
There is also an ongoing dialogue with the association regarding the possibility of renting a parking space in the building's garage, which would be an extra valuable addition in this central location.
The condominium fee is very low, around 10-15 euros. The apartment is sold furnished, empty and ready to use immediately regardless of whether you are looking for a permanent residence, a holiday home or a strategic investment.
This is a home with water views, future development potential and a very attractive location in one of the Algarve's most dynamic areas.
For more information or to book a viewing, you are warmly welcome to contact us.
SkandiaMäklarna collaborates and shares with agencies that hold a valid AMI license.
