- - Algarve - For Sale

Sale of Commercial Premises in Albufeira, Algarve adjacent to a shopping centre - a sound business opportunity. Situated in a prime and active area close to the centre of Albufeira, benefiting from the high footfall of the adjacent shopping centre, Modelo supermarket and a variety of boutique shops. This commercial building has been totally refurbished and is offered for sale at a very realistic price. The current tenant operates a medical clinic, and specifically a thriving dental practice, all appropriate licenses have been granted. Any new owner is able to terminate the current contract with the tenant, or continue with the current rental agreement. If the new owner is a medical practitioner, 4 of the 11 rooms can be made immediately available for their activity, subject to registering the specific practice license and renegotiating terms with the current tenant. If the new owner wishes to terminate or renegotiate terms with the current tenant there is a 90 day period of notice required. The custom-built clinic offers an exceptional opportunity for an investor looking for a longer-term, secure return. This investment will provide an income stream from the existing tenancy. The growth in the real estate market is static and this property is offered at a price that reflects the downturn in recent price levels. However in the longer term the increased value of this substantial asset is certain. At almost 237 m2 a totally freehold property, fully licensed is an attractive proposition for investors.
The premises has 11 fitted out treatment rooms, a reception area with disabled access ramp, 4 toilets including a disabled toilet facility. There is an additional outside patio and a storage facility with easy access and ample parking space. There are additional fixtures and fittings valued in excess of 21,000 which can be negotiated in addition to the price. The property was valued at 425,000 in 2010.
Low entry price
Good income from tenants
Prime site opposite shopping
Refurbished and custom built
Existing tenants
Facilities for disabled
Fully licensed
Fully compliant
In booming Albufeira
Plenty of parking

I Spy 360 Tour
The virtual tour is at http://flashtours.i-spy360.com/3162_842/self/

Albufeira Camara Footpath To Beach Project
http://cm-albufeira.pt/NR/rdonlyres/3139F8DD-4345-486C-B2F1-3890949F76CA/0/0801_AltPUFMCA_Zonamento.pdf

Condominium 1350,00 Per Year
IMI Tax 0.6% Of Finances Valuation 248,800 (Approx 1266,00)