Description
UNIQUE INVESTMENT IN THE HEART OF FARO
Ruin + T9 Project with Pool, Patio, Garage and Terrace (final approval by Faro City Hall)
Sale of a property with a ruin to be completely rebuilt, accompanied by a T9 Architectural Project in the final licensing phase with Faro City Hall.
Construction can begin in the very short term.
Immediate Advantages for the Investor
• You purchase the property with an almost fully approved project, avoiding months of administrative procedures.
• You acquire an asset with dual profitability potential:
✔ T9 Guest House in the heart of Faro
✔ Possibility to convert into 3 independent apartments
Premium Location
• Less than a 5-minute walk from the Baixa, Faro Marina, Rua de Santo António and main commercial area.
• Located in a Protected Zone, in the Ribeirinho Quarter of the Historic Centre, next to the Convent of Santo António dos Capuchos (Monument of Public Interest).
• Fully renovated street, with new infrastructures (water/sewage).
Project Details (Official Data)
Planned purpose: T9 Guest House
Gross Construction Area: 299.95 m²
Plot: 160.20 m²
Includes:
• Garage (20.55 m²)
• Swimming pool (8 m²)
• Panoramic terrace (71.60 m²)
• Patio (47.15 m²)
• 9 suites with private bathrooms
Profitability Potential
• The planned structure (3 floors) allows the creation of 3 independent apartments.
• Strong demand in the area for:
✔ Guest Houses
✔ Premium local accommodation
✔ Traditional rentals
✔ Unit-by-unit resale
Ideal for
Investors, developers or tourism entrepreneurs seeking a scalable, high-return project in the centre of the Algarve’s capital.
For more information or to schedule a visit, feel free to contact me.
#ref: 767145
