Portimão, Faro, Address available on request

Description
Autonomous fraction located in Portimão, Algarve.
Fraction 'B' inserted in the Clube dos Arcos condominium with solar orientation to the south.
It is intended for commerce or services.

AREAS
Gross Private Area: 195.00 m2

RETURN
Entry Yield: 6.03%

Nearby
500 meters from the beach 
76 Km from Faro airport 
276 Km from Lisbon.

OPPORTUNITY
Transform a 195 m2 store into a flat, 500 meters from Praia da Rocha?

'The legal regime of horizontal property has just been changed. 
It is no longer necessary to consult the condominium to transform a store into a home. 
However, the City Council must necessarily be consulted in advance and verify, after the works are completed, whether the indispensable conditions for habitability exist.
The new decree aims to promote housing and aims to simplify administrative acts in this matter. 
Before the new decree was implemented, it was essential to have the authorisation of the Condominium Assembly, which should happen unanimously. 
However, with the entry into force of the new decree-law, it is possible to change any fraction that is not residential, converting it into a space for residential purposes. This can be done without the need to ask permission from the condominium owners.'

LuxRE - Trust and Excellence. 
Energy Rating: B- 
 ref:LUX0245