Business Premises in Elvas

€ 550,000 For Sale

ITH2397

Elvas, Portalegre

Belhó

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Reabilitejo

Helping you take better-informed decisions when researching, buying or restoring older properties in the Portalegre District

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Description

Discover this rare investment opportunity in Elvas, featuring a unique real estate complex consisting of an old mill to restore, a large warehouse and a building already refurbished, containing 6 apartments, all of them currently rented. Located just five minutes from the magnificent Amoreira Aqueduct and the charming Historic Center of Elvas, this property offers a prime location that combines history, charm, and income potential.

With a total area of 1835m2, this investment provides an exceptional opportunity for those looking to enter the real estate market or expand their existing portfolio. The old mill and warehouse offer vast development potential, while the six apartments already rented ensure a stable source of income.

With two two-bedroom apartments (T2) and four one-bedroom apartments (T1), this refurbished building offers a variety of accommodation options for a wide range of tenants. Its strategic location, combined with the growing demand for accommodation in Elvas, makes this a truly attractive investment opportunity.

Don't miss out on this chance to acquire a property with significant upside potential as well as an immediate source of income. Contact us today for more information and to schedule a visit to this unique property in Elvas.

Property Details:

Old mill to restore
Spacious warehouse
Refurbished building with 6 rented apartments (2 T2 and 4 T1)
Privileged location five minutes from the Amoreira Aqueduct and the Historic Center of Elvas
Total area of 1835m2

Why invest and live in Portugal?

Seventh safest country in the world Global Peace Index 2023;
One of the best motorway networks in the world;
Portugal considered the best tourist destination in Europe in 2022, by the 5th. time in the last 6 years (WTA);
Lisbon, the best Metropolitan destination in the world in 2022 (WTA);
Madeira Island, the best island destination in the world in 2022 (WTA);
Algarve to have a hotel chosen with the Best Lifestyle Resort 2022 (WTA) award;
Porto elected best city destination in the world in 2022 (WTA)
Average temperature at 12 noon, in summer: 25º C and in winter: 16º C;
Considered the 7th. Best country in the world for quality of life 2022 (InterNations);
Portugal is 4th. Best country in the world where expats feel most at home in 2022 (Internations);
Mediterranean Diet, classified as a World Heritage Site by UNESCO;
The best fish in the world, according to Ferran Adriá, Chef "El Bulli";
It has 1 of the 25 most beautiful beaches in World Tripadvisor 2022;
Has 3 Portuguese wines among the 12 best in the world in 2022 (Forbes);

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Portugal Mortgage Brokers, licensed by the Bank of Portugal, are a free independent service working with all Portuguese banks. We specialise in offering mortgage information to residents and non-residents purchasing a property in Portugal, whether it be for a main residence, secondary home, investment, construction loan or renovation loan. We act as mortgage brokers to find you the most suitable and competitive mortgage program in the market. A simulation showing all costs is provided and an affordability check is carried out before submitting, we can then reach an official approval with the bank within 2 weeks of receiving your documents.

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