Algarve, Faro, Portugal
- PROPERTY TYPE
House
- BEDROOMS
9
- BATHROOMS
10
- SIZE
1,722 sq ft
160 sq m
Description
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
Algarve, Faro, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)2.0 miles
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Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 767145) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.