€198,000

Commercial/Office Space for sale Faro
Property photo number 1 of 16 Photos for Property. File 104599603_2375_51982f8832d34e0677f7a5b145eb607c.jpeg

Overview

SUMMARY: Discover an opportunity with this Faro commercial/office space for sale and available for €198,000. This could be your next ideal home or a smart investment. More details await.

Located on an elevated ground floor, the space is functionally distributed in 3 rooms (easily adaptable to bedrooms), living room, kitchen and 2 bathrooms. Conversion Potential and Profitability: Simplified process: The current layout of spaces

and the existing sanitary network reduce the need for complex structural works, facilitating the change of destination from Services to Housing. Valuation margin: Opportunity to acquire commercial space at low cost with low-cost conversion to a residential T3 in a high demand area. Location: Located in a prime area of Gambelas, a few meters walk from the University of Algarve Campus and the Private Hospital (CUF). Strategic location that guarantees constant demand for rental (students, doctors and teachers) or for subsequent resale. Current allocation: Services (Note: Feasible process for changing use for housing. As there is an allocation of services, the acquisition is not eligible for traditional Housing Credit). Contact me for more information, consultation on the technical feasibility of conversion and analysis of profitability scenarios for this project! At KW Flash we share business with all real estate consultants or agencies licensed by AMI. If you are a professional in the sector and have a qualified buyer client, contact me and schedule your visit.

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Details

  • Beds: 0
  • Baths: 2
  • Price: €198,000
  • Reference No.: KWPT-036675
  • Area: 75 m2

Amenities

  • Home: Energy Certificate: D

Location

Marketed by:

  • Flash Algarve
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  • Alcantarilha: +351 282 310 700
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