Building with project for renovation in Faro

Excellent investment opportunity in the heart of the city of Faro, in the heart of the historic and central area. This building has an approved project for total renovation, offering great potential for residential and commercial exploration.

The property consists of three floors with the following distribution:

Ground floor: Commercial space with the possibility of two independent restaurants or the creation of a single large restaurant, ideal for catering businesses in a location with a strong tourist and local affluence. The versatile configuration allows the space to be adapted to the needs of the investor or operator.

First floor: Designed for two 2 bedroom apartments, both with well-distributed areas, ideal for permanent housing or short or long-term rental. The apartments will benefit from natural light and a privileged location.

Second floor: Two 1 bedroom apartments, perfect for a lower occupancy or for offer in the tourist rental market.

This project meets all the conditions for those looking to invest in a property with historic charm, in a strategic point of Faro, with great potential for appreciation after renovation. An excellent choice for investors or entrepreneurs in the real estate and tourism sector.

VAP243090