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Building - Centro de Alvor - Alvor - Residential and Commercial Building in the center of Alvor - Portimão

REF: NGKC015 AV

Sale price
1 300 000 €

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Residential and Commercial Building in the center of Alvor - Portimão

A three-story building in the center of Alvor, comprising a restaurant, a 3-bedroom apartment, a 2-bedroom apartment, and a large terrace.

On the lower floor, there is a 155 m2 restaurant with a counter, a fully furnished dining area with seating for 50, a fully equipped kitchen, a pantry, and bathrooms. It has air conditioning, Wi-Fi, and a television.

It is open year-round and has been in operation since 1992 (over 33 years). It has a regular clientele.

On the middle floor, there is a 155 m2 3-bedroom apartment with a hall, living room, 3 bedrooms (1 en suite), 2 bathrooms, a balcony, a terrace, and a separate equipped kitchen.

On the upper floor, there is a 79.2 m2 2-bedroom apartment with 2 bedrooms, a separate equipped kitchen, and a terrace.

On the top floor, there is a terrace with unobstructed views of the city.

It is very well located and easily accessible.

Excellent investment opportunity in the center of Alvor.

Alvor is a Portuguese town and parish in the municipality of Portimão, with an area of 15.25 km² and 6,154 inhabitants (2011). Its population density is 403.5 inhabitants/km².

A land of maritime and fishing traditions, with deep religious beliefs, highlighted by the Parish Church, whose richly decorated main portico stands out, it is known for its beaches and its fishing village near the river mouth.

It has always been subject to the misfortunes of fishing and the misfortunes of the sea. Today, alongside artisanal fishing, restaurants, commerce, and tourism are the main economic activities.

Although it is common to hear visitors or outsiders call the town "O Alvor," the name "O Alvor" refers to the river of the same name. To refer to Alvor, simply indicate Alvor or the town of Alvor.

Although its main industry is tourism, its other economic activities include agriculture, hotels, restaurants, tourism, commerce, construction, and fishing.

The Algarve International Racetrack, a true race against time, is part of a globally innovative project designed to offer all the necessary facilities to the most diverse sectors of the motorsports industry, from manufacturers to racing teams and companies, so they can present, test, and develop their products.

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