Block of flats in Castro Marim of 589 m²

Excellent investment opportunity close to Praia Verde - Castro Marim/ Algarve.
Just 2 minutes from the very large Eco resorts of the eastern Algarve, whose area is in full expansion, and 2 minutes from its magnificent, immense beach.

Come and discover and realise your project and give a second life to this building, once a restaurant and a local institution known to all...
A Mecca for Flamenco dancing, the greatest dancers came here to share their art during memorable evenings with ever-growing numbers of customers!

Currently standing on a plot of 570 m2, the building covers 461m2 and has a total private gross floor area of 589m2.
The property has 3 levels,
The living area comprises 5 very large bedrooms, 2 bathrooms, a dining area, a kitchen and private access to a magnificent 200m2 terrace with superb 360° views over the pinewoods of Praia Verde, Praia de Cabeço, Castro Marim, Vila Real and Spain, all facing due south.

The building currently comprises 4 sections, with the following floor areas and energy certificates:
_ Fraction A (ground floor area) : 161m2 gross private area + 22m2 dependent gross area. This section is exempt from energy certification.
_ Fraction B (restaurant + terrace) : 165m2 gross private area + 39m2 dependent gross area. "C" energy certificate.
_ Fraction C (Space - café) : 75m2 gross private area. Energy certificate "C".
_ Fraction D (dwelling ) : 186m2 private gross floor area + 44m2 dependent gross floor area. "F" energy certificate

Its immense potential and excellent location offer the possibility of several projects, for a single or multiple investment:
One or two very large luxury villas with patio, private pool, jaccusi...
Large luxury flats with very large terraces and uninterrupted views, close to everything.
Open a restaurant area with accommodation above. Open a supermarket...
A preliminary request to Catro Marim town hall has been made and will provide you with information on the building potential.

Important information: The house to the left of the café's façade is also for sale and could increase the building potential of your project(s)!
https://www.iadportugal.pt/anuncio/casa-moradia-venda-2-quartos-castro-marim-43m2/r127166

Ideally located in the heart of the village of Sao Bartolomeu Castro Marim, the A22 motorway is just 5 minutes away.
Faro is 45 minutes away and Seville 1 hour.

Come and visit us and make this project opportunity a reality. Create your own!
Contact me to talk about it. I'm here to help you!
I share with all my colleagues, 50/50 with AMI licence.