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Full Description:
Retail Shop in Albufeira, Central Algarve
Excellent Investment Opportunity
High Rental Income of €30.000 per year
This excellent shop is located on the famous “Strip” in Albufeira, probably the most sought after business location on the Algarve with thousands of tourists passing right in front of the shop.
The shop has been rented out for the last 4 years for €30.000 per year and is currently available. The property of 60 m2 consists of the ground floor shop area and a full basement used as office space, plus 2 toilets. In addition there is an outside terrace / display area.
Ideal to use as a bar/snack bar, sandwich bar, ice cream parlour, gift/souvenir shop etc.
This prime business location has been valued at 520.000 Euros (valuation report available), but the price has been reduced to ONLY 290.000 Euros for a quick sale.
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