Don't miss this opportunity to purchase a fully renovated property in the historic center of Portimão! Ideal for local accommodation (AL) or small hostel. The property has 7 spacious bedrooms, all with private bathrooms and electric towel rails. Each room has air conditioning and also its individual water heater, ensuring permanent hot water and total comfort for guests. Two of the bedrooms also include a sofa bed, allowing you to accommodate more people. The distribution of the building includes 3 bedrooms on the ground floor and 4 bedrooms on the first floor, a fully equipped communal kitchenette, as well as a shared bathroom on the upper floor. It was fully refurbished in 2025, making this property ready to operate without the need for additional works. It has an underground car park less than 5 minutes walk away, as well as several cafes and restaurants. Note: The space is under a 5-year contract, it is an investment with guaranteed return!