Building in Portimão with virtual tour

🔵🔴 BUILDING IN RIVERSIDE AREA | URBAN REHABILITATION AREA WITH TAX BENEFITS | PORTIMÃO 🌿

Rare investment opportunity in the heart of the riverside area of Portimão, located within an Urban Rehabilitation Area, allowing access to relevant tax benefits.

This building is set in horizontal property, consisting of three independent units, offering flexibility for different value enhancement strategies.

Property layout:

• T3 apartment on the first floor, with 233.7 sqm of private gross area, complemented by an outdoor patio area

• Unit B with 90.3 sqm, with internal connection to the apartment, allowing combined or independent use

• Unit A with 48 sqm

The commercial units present characteristics that may allow a change of use, subject to approval by the relevant authorities, particularly due to their size and natural light.

Located in an Urban Rehabilitation Area, this property may benefit from tax incentives such as:

✔ IMI reduction or exemption, subject to rehabilitation

✔ IMT exemption on acquisition for rehabilitation

✔ Reduced taxation on capital gains

✔ Possibility of reduced VAT on rehabilitation works

Prime location in the riverside area, with high tourist and residential demand, close to restaurants, shops, services and main access roads.

👉 Ideal for investors seeking value appreciation, rehabilitation or repositioning of the asset, in one of the most sought after areas of Portimão.

📞 For more information or potential analysis, please get in touch.