The Green tiled building is for sale

Whilst the green tiled building has been for sale for at least 6 years, I see there is a Sotherby's sign on it now. Anyone fancy a cheeky bid??

Allison Backus, who with her husband, Heino, owns Bizarro Bar was telling me that no one could ever buy the green tiled building because there is a city code which dictates the façade be maintained in the original tile which is not possible because all of the tiles are gone. In a country which produces tiles so prolifically, it shouldn't be all that difficult to replicate the green tiles. I don't know if that is true, but I do know that that building has been an eyesore for decades. It would be lovely if it could be turned into a private residence. Failing that it should be turned into a Pensao, with the front door on the street side. Anything would be better than what it was...a crash pad for drug addicts and a party house. I would LOVE to see the current price tag. I would not be surprised if "O Diaz" or "Sao Vicente" were to buy that house

House opposite the famous and central beach aproximately in Albufeira. Very prime location 1st line of sea with fantastic views and direct beach access, on foot or by modern panoramic elevator. This property is sold together with another house located behind, allowing a build up to 700m2 with garage. Opportunity to own housing, or a charming hotel.

Lucyr - your search is over!

That is over double the last asking price that was mentioned,all in a time when property prices there are stagnent.

Thanks Black Cat, a wee bit out of my league

Andrew wrote: Neil, previous price was the same, it was €550k for the front building and the same for the rear one, this price is for the two together so same price me thinks!   There is mention much earlier in the thread of the, or a, guy owning two restaurants in the Square plus two others, that will likely be Mr Carlos, he's also got a building/construction company but new build villas are more his line, apart from the annual rip out and refurb of Bank that is! (That's one of his also).

OK,thats where I got it wrong then.I dont think it will sell anytime soon,price is far too high.

I noticed yesterday that part of the roof has collapsed. It won't be long before it becomes dangerous. Then the council can demolish it as a danger to the public.