Sale of a busy Commercial Premises in Albufeira, Algarve – next to a shopping centre - a sound business opportunity.
Situated in a prime and busy area close to the centre of Albufeira, and benefiting from a high footfall from the adjacent shopping centre with a Modelo supermarket and other businesses, this commercial premises has been totally refurbished and is offered for sale at a realistic price.
The property was valued at €425,000 in 2010, and is now for sale at €260,000. The current tenant operates a medical clinic with all appropriate licenses. 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 as a medical clinic in Albufeira 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 and has a medical license, and a complementary health license.
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.
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