Description
Set of 4 Stores with Potential for Transformation into Housing - Faro
We present an excellent investment opportunity in the heart of Faro: a set of four shops located on the ground floor of a residential building, located in a central and well-served area of the city.
With gross private areas between 70 and 90 m², these fractions offer versatility for various purposes, whether for commercial use or transformation into housing, already benefiting from the existence of a Prior Information Request (PIP) submitted to the Municipality of Faro, in order to assess the feasibility of converting the four units into residential apartments.
Currently, two of the stores are leased, ensuring immediate profitability, while the other two are free and available, allowing for faster intervention or immediate occupation.
Surroundings and Location:
Located in an area with a strong residential and commercial component, these stores benefit from excellent visibility, easy access to public transport and proximity to essential services, such as schools, pharmacies, supermarkets and public institutions. The short distance from the historic centre of Faro and the riverside area adds even more value to this investment, in a city in growing urban and tourist appreciation.
Ideal for investors looking for immediate profitability with potential for appreciation in the medium term, or for developers who want to develop a housing project in a consolidated urban context.
Main features:
4 independent units on the ground floor
Areas between 70 m² and 90 m²
2 rented units / 2 vacant units
PIP submitted for conversion into housing
Central location in Faro
Excellent exposure and accessibility
Don't miss this unique investment opportunity in one of the most dynamic cities in the Algarve!
Energy Rating: B
