Welcome to a rare opportunity in the heart of Portimão, a charming apartment of approximately 67 m² with open views of the beautiful Arade River and a glimpse of the sea.
Here you live in the city's historic quarter, surrounded by palm-lined squares, cozy cafes and the vibrant 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 Praia da Rocha, one of the Algarve's most iconic beaches.
The apartment is located at the top of the house and offers a light and airy feel with views of the river, the city and the sea. The high position together with the location creates an exclusive feeling reminiscent of a penthouse, while maintaining a private and peaceful living space in the heart of the city.
One of the most unique qualities of the apartment is the direct view of the upcoming four-star hotel's rooftop terrace and waterfront area. This provides an unusual combination of unobstructed views and proximity to future premium facilities, which is very rare in the old town. The area is expected to undergo a clear quality development in the next one to two years, which further strengthens the long-term value of the home.
The balcony is oriented to both south and west, which provides two sought-after sun positions with both daylight and evening sun. The combination of these directions creates a very attractive lifestyle quality that is difficult to find in central locations.
The home has undergone several important upgrades with new electrical and plumbing installations. The floor is in solid wood and has never been sanded, which means that it maintains a high standard and can easily be restored to a very exclusive condition. The bathroom is fully tiled and equipped with a shower where you can also enjoy an unusual view of the water.
The building has recently received a brand new roof that is waterproofed and prepared for additional insulation, which improves both comfort and energy efficiency.
The private access to the roof is one of the home's strongest features. Only this apartment has access, which gives the opportunity to create a private roof terrace. With a relatively limited investment there is potential to develop a spectacular area with panoramic views of the river and the city, possibly in combination with solar panels.
The condominium fee is very low, around 10 to 15 euros per month. The apartment is sold furnished, empty and ready to use immediately, regardless of whether you are looking for permanent residence, a holiday home or an investment.
There is also a dialogue about the possibility of renting a parking space in the building, which is a great advantage in this central location.
This is a home where the value is primarily driven by the location. The combination of views, and future development in the area makes this an investment with clear upside.
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.
