Amazing Investment Opportunity! Charming, Traditional 2-storey House of 245sqm and private garden with 2 shops on the ground floor and a spacious 3-bedroom apartment on the 1st floor, with views to the Arade River, very well located within only a 2 minute walk to the renowned area of Zona Ribeirinha in Portimão & only 5 minutes to the golden Algarvean beaches. The ground floor consists of: 2 shops for commercial use with a total of 156sqm including a terrace. It is possible to connect the 2 commercial units into one spacious shop or convert into a garage, Gym, office or self-contained studio apartment. On the ground floor, at the back of the property there is a terrace with a well and with a staircase that leads to the exclusive private garden at the upper level. The 1st floor consists of: An impressive original stone staircase that leads to a leisure room, a living/dining room, open-plan kitchen with direct access to the cosy garden with a pergola that gives total privacy when enjoying your meals 'Al fresco', a BBQ and relaxing area. There are 2 spacious bedrooms with a built-in closet area, bathroom, an office and a wooden staircase that takes you to the attic which has been converted into a lovely en-suite spacious bedroom. This beautiful property, located in the Urban Rehabilitation Area of Portimão (ARU Zone), has a lot of potential with over 70 years of history that can be maintained as it is or enriched with a good architectural project that can be used as a unique family home or to develop for holidays in such a superb location with all the services and amenities at your doorstep! Located only within a 2 minute walk to Zona Ribeirinha of Portimão, 5 minutes driving to the magnificent beaches of the Algarve, from several renowned golf courses, Schools. A 5 minute minute walk to the well-known commercial area of Portimão and 50 minutes driving to the Faro International Airport, Algarve. Don't miss out on this exclusive opportunity and book your viewing with the Servesul team. (SS-V1699)