Apartment T3 in Portimão with 80 m²

3-bedroom apartment located in the 3 Bicos area of Portimão, situated on the 1st floor of a family building comprising just 6 apartments.

The property consists of three bedrooms, two bathrooms, a kitchen and a pantry. It remains in its original condition, allowing for future modernisation and adaptation to the needs and preferences of the new owner.

The apartment features a balcony connecting two of the bedrooms, providing natural light and a pleasant outdoor space, as well as a balcony off the kitchen.

The building also benefits from a communal rooftop terrace, providing additional outdoor space for residents to enjoy.

The property is currently rented under a lifetime tenancy agreement, with a monthly rent of €224. There is potential for a rent increase, subject to the applicable legal framework and fulfilment of the relevant requirements.

Another relevant factor from an investment perspective is that one of the other units in the building is currently undergoing a complete renovation. This work contributes to the overall modernisation and enhancement of the building and may have a positive impact on the property's future value and potential resale strategy.

An investment opportunity in an area close to shops, services and main access routes, allowing for current rental income combined with potential capital appreciation and future rental income growth.

For further information and details, please get in touch.