Description
This unique building is ideal for the development of a hotel, residential property, or charming tourist project.
With a total gross private area of 908 m², the property offers generous spaces and excellent versatility, allowing each floor to be adapted to the investor's needs.
Located in the heart of Faro, the capital of the Algarve, the building enjoys a prime central location, close to all amenities, shops, restaurants, public transport, as well as the historic center and the marina. Its strategic position on a corner and facing a square with a beautiful garden further enhances its investment potential.
The building is in the final stages of renovation and is currently structured as a hotel, spread over the ground floor and three upper floors.
- Floors 1, 2, and 3: each floor has 10 suites, totaling 30 units, some with large balconies and unobstructed views or views of the park gardens.
- Ground floor: with a total area of 227 m², ideal for shops, reception, or commercial spaces, maximizing rental potential.
The rehabilitation potential, combined with its central location and the charm of Faro, makes this building an exceptional opportunity for investors seeking to develop a distinctive and high-value project in southern Portugal.
Energy Rating: C
