Silves , 4 bedroom villa for sale

Solar de Xelb, located in the historic centre of Silves, is a palace with old-style façades that is ready to be refurbished. This building has an architectural project approved to turn it into a 4-bedroom villa with unique features. The details of the Solar de Xelb architectural project are as follows:Location: Rua Miguel Bombarda, numbers 29 to 31, in Silves. Orientation: - South, east and north. Composition:Floor 0: - 3 en suite bedrooms with dressing rooms - Multi-purpose room - Patio - Car parking space - Balcony 1st floor: - Open-plan kitchen and living room with 65m² - 1 bedroomHammam - Laundry room - 2 bathrooms - Balcony Penthouse: - Private swimming pool - Large terrace with 360º exposure - Bathroom - Small kitchen This building has a rich history, and it is rumoured that the proclamation of the Republic in Silves was made from its balcony. Investing in this palace is a unique opportunity to own a villa in the city centre, with privacy and panoramic views. Silves is a city with a lot of history and authenticity, full of Islamic remains and surrounded by the famous Grés de Silves, a reddish rock used in the construction of its castle. Being located in the Silves Urban Rehabilitation Area (ARU), there are several tax and financial benefits for the rehabilitation of this building, namely: - IMT exemption on the purchase of the property; - Exemption from IMT on the first transfer of the rehabilitated property when intended exclusively for permanent residence, - VAT of 6% on the purchase of materials and labour services in rehabilitation contracts, - Exemption from IMI, 30% deduction from the taxable amount of the costs incurred for rehabilitation purposes, up to a maximum of 500 in the IRS - 50% reduction in the fees due for assessing the state of conservation (art. 45 no. 2 of the EBF) - Reduction in the value of various municipal taxes, such as the public road occupation tax, - Exemption from the Municipal Urbanisation Tax If you're looking for a different Algarve, with authentic cultural roots, Silves is the ideal place. If you're interested, don't hesitate to get in touch and arrange a visit to this magnificent Xelb manor house!