€850,000

Exclusive Real Estate Investment Faro Central Area A unique opportunity for investors and property developers in the heart of Faro. This asset benefits from an approved Prior Information Request (PIP) for the conversion of a commercial space into 9 studio apartments (T0), offering a distinctive investment opportunity in one of the Algarve's most sought-after residential markets. The project comprises 627 sqm of residential space, distributed across the ground floor and mezzanine level, designed to meet the growing demand for modern urban living. In addition, the property includes a basement of approximately 320 sqm, offering outstanding potential for private offices, coworking spaces, a business centre, consulting rooms, a showroom or other service-related activities, allowing investors to diversify income streams and maximise returns. Key Features Approved PIP for the development of 9 studio apartments; 627 sqm designated for residential use; 320 sqm of additional space suitable for offices, private suites, coworking or service businesses; Excellent capital appreciation potential; Prime location in Faro's central area; Outstanding opportunity for residential, commercial or investment purposes. A Project with Exceptional Potential The combination of an approved residential development and a substantial commercial floor makes this property a truly unique investment opportunity within the Algarve real estate market. The increasing demand for housing in Faro, combined with the growing need for flexible and modern working environments, creates the ideal conditions to develop an innovative concept that integrates residential living with professional activities within the same building. Whether the objective is to sell the individual apartments, generate residential rental income, develop office spaces or create an Urban Living & Business Hub, this property offers outstanding flexibility and long-term value for investors seeking secure and profitable projects. Note This description is provided for marketing and informational purposes only and does not replace consultation of the approved project, technical documentation or the relevant planning approvals issued by the competent authorities.