Investment Opportunity Two Independent Properties! Ref 296

Apartment

120 m²

2 Bedrooms

3 Baths
Sale

€350,000

Status: Available

Year Built: 0

Description

Two Independent Properties in one corner versatile building in the centre of the charming village church square of Boliqueime, Loule

This is a unique investment opportunity to own a two bedroom first floor apartment with character features and a ground floor commercial space for additional rental income or to create a business and live in or rent out the residential home above, in one single purchase.

With the charming village of Boliqueime right on your doorstep you have access to everything you need to live or attract renters here.

For investors this corner building located in the heart of Boliqueime offers a unique opportunity for rental returns in both the residential apartment and commercial space, or an opportunity to renovate the ground floor into another separate residential apartment, subject to planning permissions giving extra living space for family, friends or paying guests.

The building consists of two separate properties on the ground and first floor, each with their own access. The building is full of charm with traditional features such as the wooden window shutters, and terracotta tiled floors. It is just steps away from the beautiful village square, historic church, pharmacy, post office, bank, restaurant, pub and grocery store. It is ideally centrally located in the Algarve just a short distance to the golf courses, beaches and restaurants of the popular resorts of Albufeira and Vilamoura Marina and the Historic Castle town of Loule and 30 minutes to Faro International Airport.

The ground floor offers a spacious and functional layout to run a business including meeting rooms and a male and female toilet facility, with a front entrance directly from the street and traditional windows to the front and side of the building.

The first floor apartment is accessed by a side entrance to a small courtyard with external steps to the independent front door of the apartment. Inside is a small lounge with fireplace, through to a separate dining area and separate kitchen. A small hallway leads to a corner bedroom on the left, a family bathroom in the middle and the second bedroom to the right.

This authentic pretty village setting offers an attractive location appealing to those looking for a residential home in a quiet village, those wanting to set-up a business or investors looking for a double return on their investment through holiday guests or long term tenants.

Book a viewing to see its full potential!

General Amenities