Shop for Sale, Monte Gordo, Vila Real de Santo António, Faro (Algarve), in Portugal

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Property details

• District
  Faro (Algarve)
• County
  Vila Real de Santo António
• Locality
  Monte Gordo

• Area
  30 m²

• Price
  120.000 €
• Energy Rating
  C

• Property code
  CS-LOJ-94457

Description

Leased Store with Yield and Appreciation Potential - Monte Gordo | 400m from the Beach

Investment opportunity in one of the most sought-after areas of Monte Gordo.

Store with 30.88 m², located on the ground floor of the Veleiro Building, on Rua Diogo Cão a street with an elevated pedestrian crossing and only 400 meters from the beach.

The property is currently leased for commercial use, with a contract valid until March 2027, guaranteeing immediate income for the investor.

Key Data:
Gross private area: 30.88 m²
Use: Commercial
Location: Ground floor

Lease Agreement:
Current rent: 400/month
Fixed-term contract until March 2027
Annual updates foreseen in the contract, according to legal coefficients

Appreciation Potential:
The current rent is below the values practiced in the region for spaces with these characteristics and location. There is room for rent increases, as stipulated in the contract, and it is also an area with high demand, which facilitates placing it on the market at higher prices.

Strategic Location:
Only 400 meters from the beach
Central area of Monte Gordo
Street with high pedestrian traffic
Strong demand throughout the year

Note:
Property sold with a current lease agreement. Possibility of negotiating early departure of the tenant, without guarantee.