Garage  in Albufeira
  • New

€450,000

Garage in Albufeira

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Premium Investment in Albufeira: Car Park, Lock-up Garages and Office with High Yield *A Unique Opportunity in the Heart of Albufeira!* We present a strategic property with a total area of *450 m²*, designed for investors seeking a solid and diversified cash flow. Located in a central area in high demand, this property combines logistics, storage and residential/office income. 🏗️ Layout: *7 Enclosed Garages: Spacious and secure, with the possibility of an eighth garage – all fitted with automatic gates. * 5 Storage Units: Ideal for self-storage or logistical support for local businesses. * 2-Bedroom Office (Rented Out): Currently let, guaranteeing a fixed and immediate source of income. *Easy Logistics: Street-level entrance with private outdoor parking next to the main gate, facilitating loading, unloading and quick access. * Financial Performance: This is a business with clear figures and a return above the market average: * *Estimated Monthly Income:* Between *€5,000 and €6,000*. * *Yield per m²: €18 to €21, highly competitive figures for the central area of Albufeira. 🌟 Strategic Advantages: *Prime Location: Situated in a central area with a chronic shortage of parking and storage spaces. *Total Versatility: Ideal for car hire, ‘last mile’ logistics, a car detailing workshop, or maintaining the current subletting structure. 🌟 Key Advantages: *Prime Location: Situated in a central area with a chronic shortage of parking and storage space. *Total Versatility: Ideal for car hire, last-mile logistics, a car detailing workshop, or maintaining the current fractional subletting structure. *Security and Comfort:* Fully automated gates and easy, ground-level access. *Don’t miss this opportunity to acquire a multifunctional property with guaranteed returns.

Ref: 888531

Characteristics

  • 450 m² built, 450 m² floor area
  • Built in 1992

Price details

Property price
€450,000
Price per m²
€1,000 / m²

Albufeira, Albufeira e Olhos de Água