€1,100,000

Building located in downtown Faro - License approved for 5 apartments Old building located in downtown Faro, a few meters from the historic area of the city and 5 minutes from the Ria Formoso and the access for boats to the islands in the region. This property currently has an approved license and specialties for the construction of 5 apartments, with a gross building area of 699.91 m2, which is distributed as follows: Ground floor with 2 apartments: T2 with a gross area of 108.32 m2 and a terrace of 13.6 m2 T2 with a gross area of 131.51 m2 and a terrace of 21.82 m2 On the 1st floor with 3 apartments T2 with a gross area of 184.84 m2 and a terrace of 26.05 m2 T1+1 with a gross area of 105.53 m2 and a terrace of 11.56 m2 T2 with a gross area of 125.74 m2 and a terrace of 26.95 m2 An excellent opportunity in a highly sought after area, undergoing modernization and with immense potential. Premier Algarve Energy Rating: Exempt #ref:SPMA0608-508 - SPMA0608-508 - SM - Arquitetos e Imobiliaria, Lda