Algarve, Faro, Portugal
- PROPERTY TYPE
Hospitality
- BEDROOMS
30
- BATHROOMS
30
- SIZE
2,443 sq ft
227 sq m
Key features
- Near city center
- Near green areas
- Bedrooms: 30
- Near school
- Near public transportation
Description
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
#ref:HOT_14077
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 Janela Imobiliária, Faro (reference 89757_24448405) 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.