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 Algarves capital.
For more information or to schedule a visit, feel free to contact me.
#ref: 767145
- Rooms
- Total bedroom(s):9
- Bathroom (s):10
- Surroundings
- Parking:1
- Extras
- Construction ended:1988-01-01
- Areas
- Net Area:160.00m2
- Gross Area:194.00m2
- Infrastructures
- Swimming Pool
Similar Properties
Engel & Völkers is proud to present the first private condominium of luxury villas in Faro, consisting of 37 villas with stunning views of the Ria Formosa National Park, the sea, and the centre of Faro.
There are 3-to-5-bedroom villas.
The villas have a contemporary architecture, private pool, Mediterranean garden, patio, en suite bedrooms, fully equipped high quality ki...
Sumptuous villa of 400 m2 located on the heights of Goldra with a 180 degree sea view.
This charming house consists on the ground floor of two bedrooms in suites, two storage rooms and a garage.
Upstairs, the house opens onto a very large entrance hall leading to a first bedroom then then a second, very spacious, also en suite, a large living room with an adjoining room, a boudoir with access to the terrace back, a dining room, a ...
We present this magnificent south-facing villa, located in the quiet area of Valados, in Santa Bárbara de Nexe, with stunning panoramic views over the sea - from Olhão to Albufeira.
Set on a generous plot of 4,500 m², this property offers total privacy and an exclusive lifestyle in the heart of the Algarve.
Main features:
3 spacious and bright bedrooms
3 bathrooms, including a suite
Lower floor with an area almost equivalent to the ground floor - ideal...